The typical Canadian defined benefit pension plan deteriorated on a solvency basis but improved on an accountancy basis in September, according to a new report by LifeWorks Inc. Its monthly report on DB pension indices found the average plan saw its solvency index dip from 109.4 per cent at the end of August to 108.8 […]
More than 20 financial organizations in Quebec, including the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board, are joining forces to tackle the climate emergency. The initiative, the Statement by the Quebec Financial Centre for a Sustainable Finance, aims to affirm Quebec’s leadership in sustainable finance and the financial institutions’ […]
The Canada Pension Plan Investment Board is acquiring North America’s largest marine terminal operator. A minority investor in the Ports America Group since 2014, the CPPIB has reached a deal to secure all outstanding interest in the company from Oaktree Capital Management. While the exact details of the transaction aren’t known, the management structure is […]
While the percentage of office spaces that are vacant in Canada is higher than at any point since 1994, rental prices have remained fairly stable as a result of institutional owners willing to pay pre-pandemic rates, according to a new report by CBRE Group. “I think everyone has to stop clutching at pearls, take a […]
The Public Sector Pension Investment Board is accepting a new partner into a joint venture that is building a new scientific research centre in Boston’s Seaport District. New York-based investment management company KKR and Co. Inc. reached a deal with PSP Investments and WS Asset Management Inc. to become an investor in a joint venture […]
The Ontario Teachers’ Pension Plan is entering into an agreement to buy a bank that offers reverse mortgage solutions. The acquisition of HomeQ Corp., the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and other minority shareholders, is subject to regulatory approvals, which are expected to take place in the first […]
Eight Indigenous groups and an Alberta-based energy company are becoming the co-owners of a pipeline in which the Alberta Investment Management Corp. has a majority stake. The TC Energy Corp. is selling its 15 per cent stake in the Northern Courier Pipeline, which transports bitumen along a 90 kilometer route between Fort Hills Mine and […]
A sport data intelligence and entertainment provider backed by the Canada Pension Plan Investment Board is seeing its stock price recover following a disastrous first day on the Nasdaq. Before making its debut on Sept. 14, Switzerland-based Sportradar Group expected to see its first public stocks trade between US$25 and US$27 — roughly in line […]
The University Pension Plan is appointing Aaron Bennett (pictured left) as its first chief investment officer. In his new role, Bennett will be responsible for establishing an innovative, risk-optimized investment strategy designed to offer retirement security to plan members and promote responsible investing, according to a press release. Read: UPP naming Christophe L’Ahelec director of external manager program […]
The Ontario Teachers’ Pension Plan is investing in an Australian insurance distribution company. The pension fund acquired a 33.4 per cent stake in Greenstone and is now an investor alongside the Caisse de dépôt et placement du Québec, which first invested in the Australian company in 2016. Read: AIMCo investing in Australian agriculture firm, CPPIB in […]