The Investment Management Corp. of Ontario is taking on the Provincial Judges’ Pension Plan as its latest client. The pension plan is joining with $420 million in assets under management. With the Treasury Board of Canada Secretariat as its plan sponsor, the plan pays out about $44.3 million in annual pension payments to nearly 300 […]
Globally, many pension funds are divesting from carbon and fossil fuels, while others are staying the course and focusing on financial value and their fiduciary duties Simon Archer, partner at Goldblatt Partners LLP and co-director of Osgoode Hall Law School’s Centre for Comparative Research in Law and Political Economy: Political posturing aside, no one seriously […]
The world may be more digital than ever, but a physical presence can still sometimes make the difference between success and failure for pension plans For the OPSEU Pension Trust, establishing offices abroad was a logical step. Its private markets group, which is based in Toronto, was undertaking a lot of global investment activity, so […]
Changes to Quebec’s pension legislation, including a move away from solvency funding requirements and the introduction of a cost-sharing model, against the backdrop of a low interest rate environment has had a major influence on the City of Montreal’s pension investment strategy. The City manages six plans under one pooled portfolio. The assets from all […]
With the coronavirus pandemic causing pain for employers and employees across the country, many organizations want to help out those in need. But can pension funds go as far as making financial donations to charities? Last week, the Caisse de dépôt et placement du Québec announced it’s donating $300,000 to five organizations for coronavirus relief, […]
The Alberta Investment Management Corp. delivered a 10.6 per cent return in 2019, net of all fees, representing a net investment income of about $11.5 billion and bringing the fund’s total assets under management to $118.8 billion. While the results were positive, and well above the organization’s 2.5 per cent return in 2018, its total […]
The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and residential real estate finance industries. The PSP joins previous backer, private equity firm Stone Point Capital, which will remain SitusAMC’s largest shareholder. Read: PSP subsidiary starts development consultations for Toronto property […]
The Canada Pension Plan Investment Board is appointing Judy Wade as managing director and head of the San Francisco offices it set up in August 2019. In her new role, Wade will lead the CPPIB’s expansion into the Bay Area, furthering its presence in the U.S. In addition, Adam Grosser will join Wade in the San Francisco […]
Due to market volatility caused by the coronavirus, pension plans may be finding themselves offside their investment policies as their assets have drifted. Typically, pension funds have a strategic asset allocation policy, which specifies bands within each asset class that investments can move between, says Arun Muralidhar, an adjunct professor of finance at George Washington […]
Canada’s defined benefit plans have had a rough quarter. According to Aon’s median solvency ratio, DB plans fell to an average solvency of 89.1 per cent at the end of the first quarter, from 102.5 per cent at the end 2019. Mercer’s pension health index also dropped, from 112 per cent at the end of […]