Nova Scotia Pension Services Corp. finished 2019 with almost $12 billion in assets under management and reported sharply diverging year-end results for the two pension plans it manages. The Nova Scotia Teachers’ Pension Plan, which ended its fiscal year on Dec. 31, 2019, had a 12.36 per cent net return, as reported in late April. The TPP […]
The current market environment has the potential for long-term effects on the defined benefit pension investment industry, according to a new report by Cerulli Associates. Broadly, investment consultants said they’ve been preparing their DB pension plan sponsor clients for a potential downturn for up to two years, noted the report. And, as plans have begun […]
What makes the fees and terms of one private equity deal better than another? A new study by Callan examined 90 private equity partnerships to compare their fees and terms structures with the aim of helping institutional investors better evaluate these funds. Notably, the funds studied tilted toward the buyout variety (76 per cent) and […]
The Healthcare of Ontario Pension Plan, along with three other large pension plans and other stakeholders, is forming the Global Peer Financing Association. The goal of the GPFA is to encourage and improve options for peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners, according to a press release. […]
Canadian defined benefit plan sponsors are holding an almost equal amount of fixed income and equity in their portfolios, according to the Pension Investment Association of Canada’s 2019 asset mix report. The report found the PIAC’s membership reported a total of more than $2.2 trillion under management last year, up from just under $2.1 trillion in 2018. As well, […]
QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., has issued $350 million of 1.747 per cent series-2 senior notes maturing July 24, 2030, through BCI QuadReal Realty. The issuance is BQR’s inaugural green bond offering. “On the back of a successful inaugural issuance and continuing low interest rate […]
Canadian defined benefit pension plans recovered some of their losses from the start of 2020 in the second quarter off the back of strong public equity gains, according to the Northern Trust Canada universe. With stimulus spending to tackle the economic impacts of the coronavirus pandemic taking effect in many countries, stock markets rebounded with double-digit […]
The Canada Pension Plan Investment Board is updating its policy on sustainable investing to reflect an increased conviction in the importance of environmental, social and governance risks and opportunities. “ESG considerations are inextricably linked to our ability to successfully achieve our investment objectives,” said Richard Manley, managing director and head of sustainable investing at the CPPIB, in a […]
The purchase offer for Cirque du Soleil from its secured creditors risks eliminating Quebec’s longstanding presence as a shareholder and causing losses of tens of millions of dollars to two of the province’s largest institutional investors. A US$1.2-billion takeover proposal by a group of debt holders, which was approved on Friday as the benchmark bid […]
Several prominent players in Canada’s pensions and benefits industries have signed onto the BlackNorth Initiative, pledging to take specific actions within their organizations to tackle anti-Black racism. “The persistent inequities across our country underscore our urgent, national need to address and alleviate racial, ethnic and other tensions and to promote the elimination of anti-Black systemic […]