The Alberta Investment Management Corp. is now managing investments for several pensions in the province, a move facing at least one legal challenge. This change is part of a ministerial order that Alberta Finance Minister Travis Toews enacted upon several Alberta-based pensions in late December, after 2020 deadlines for investment management agreements between the pensions […]
The Caisse de dépôt et placement du Québec is investing an additional US$1 billion in Invenergy Renewables, a developer and operator of wind and solar projects across North America. The commitment, in the form of new investment facilities, will support Invenergy’s expanded development activities and continued growth, according to a press release. The Caisse began […]
A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social and governance disclosure to help them in their investment decision-making and better assess and manage their risks. Together, the eight fund managers oversee a total of about $1.6 trillion in assets and are committing to strengthening ESG disclosure within […]
Demand for defined benefit pension plan sponsors to focus on environmental, social and governance factors through their investments is growing. Both plan sponsors and members have been increasingly vocal about keeping ESG issues top of mind. For example, the Healthcare of Ontario Pension Plan has worked on balancing this increased appetite for ethical investing with […]
The Alberta Investment Management Corp.’s chief executive officer, Kevin Uebelein, is stepping down early, most likely by July 2021. Uebelein and the AIMCo board have agreed to begin the process of a leadership transfer, with the goal of filling the role by June 30, 2021. “This decision is Kevin’s,” wrote Dénes Németh, director of corporate communications, in an […]
Demand for defined benefit pension plan sponsors to focus on environmental, social and governance factors through their investments is growing. Both plan sponsors and members have been increasingly vocal about keeping ESG issues top of mind. For example, the Healthcare of Ontario Pension Plan has worked on balancing this increased appetite for ethical investing with an overall […]
The Alberta Investment Management Corp. is appointing Alison Schneider as vice-president of responsible investment. With more than nine years of experience at the AIMCo, she joined the organization as senior manager of responsible investment in 2011. “Alison . . . has been foundational in building our responsible investment program and team, as well as in widening and […]
For years, a major public sector pension governance time bomb has been hidden in plain sight. But it may be too late to alert the bomb squad; the coronavirus pandemic and climate change may have already activated a countdown that can’t be stopped. Investment management is a key component of sustainability and central to any pension governance […]
The Local Authorities Pension Plan is in an interesting situation. Historically, the president of the Alberta Treasury Board and the minister of finance was the plan’s legal trustee and administrator, but in 2019, the LAPP became independent of government, with its own sponsor board and corporation, which now acts as the plan’s trustee and administrator. […]
The Alberta Investment Management Corp. is hiring Amit Prakash as its first chief investment strategy officer. “The CISO will specifically focus on ensuring that AIMCo’s investment offerings and platform are in close alignment with the evolving needs of our clients and the changing macro environment,” said the organization in a social media post. Prakash, who joined […]