The University of Toronto is the latest institution committing to the divestment movement, saying Wednesday it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate change. The commitment by its investment manager, the University of Toronto Asset Management Corp., includes divesting from all direct investments […]
The University of Toronto Asset Management Corp. is appointing Chuck O’Reilly as its next president and chief investment officer. O’Reilly, the UTAM’s senior portfolio manager and head of public equities, is replacing Daren Smith, who held both roles at the $13-billion pension, assets and endowment fund since 2016. Prior to joining the UTAM in 2011, […]
The University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a press release, the UTAM said while the pension return matched that of its benchmark reference portfolio, endowments underperformed by 0.2 per cent. However, it noted long-term performance of the portfolios […]
An insurance holding company backed by the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan is making its inaugural transaction, valued at US$1 billion. Constellation Insurance Holdings Inc. will acquire Ohio National Mutual Holdings Inc. and its wholly-owned subsidiary Ohio National Financial Services Inc., a deal that includes both member […]
The Canadian Investment Review’s Sustainable Investing Award will be presented to a pension plan that has shown leadership and/or significant progress when it comes to incorporating sustainability into the investment process. This will consider sound practices related to environmental, social and governance matters across asset classes and can include considerations related to people management within […]
The University of Toronto Asset Management Corp. is making significant progress toward its goals on climate change, according to its fourth annual responsible investing report. In terms of its goal to reduce the carbon footprint of its pension and endowment portfolios by at least 40 per cent compared to 2017 levels by the end of 2030, […]
The Canadian Investment Review launched the first annual Pension Leadership Awards in 2020 to recognize and award leading plan sponsors across several categories who are on the leading edge of pension investments. Over the past few months, a panel of expert judges has reviewed the nominations. We are pleased to announce the finalists for this […]
Canadian institutional investors representing more than $2.3 trillion in assets under management have signed a new statement on diversity and inclusion. The list of signatories on the joint statement, which was coordinated by the Responsible Investment Association, includes the Alberta Investment Management Corp., Bâtirente, the British Columbia Investment Management Corp., the Caisse de dépôt et […]
The Institutional Limited Partners Association has included the University of Toronto Asset Management Corp. in its environmental, social and governance roadmap and resources compilation. “Comprised of best practices that limited partners can consider implementing to advance ESG efforts at their organizations, the roadmap promotes the sharing of initiatives and resources on a global basis,” the […]
The University of Toronto Asset Management Corp. has earned a 13 per cent return on its pension portfolio for 2019, and a 12.9 per cent return on its endowment portfolio, net of all fees and expenses. While the 2019 results were strong, and beat the university’s target return of 6.2 per cent, they lagged the […]