CIR News – Benefits Canada.com

CPPIB sells 2.78% stake in India logistics firm

bmcgovern — Wed, 01 May 2024 19:00:57 +0000

The Canada Pension Plan Investment Board is selling 2.78 per cent of its stake in India-based supply chain and logistics operator Delhivery Ltd. The total value of the deal is roughly $110 million. Following the transaction, the CPPIB still holds a 3.18 per cent stake in the firm. The transaction also appeared in block deal […]

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Funded ratio of 100 largest U.S. corporate DB pension plans declines to 98.4% in fiscal 2023: report

bmcgovern — Wed, 01 May 2024 13:00:08 +0000

The funded ratio of U.S. corporate defined benefit pension plans declined to 98.5 per cent in fiscal 2023 from 99.4 per cent in 2022, according to a new report by Milliman Inc. The report, which reviews the financial disclosures of the 100 largest U.S. public corporate DB plans, found their average return on investments was […]

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Expert panel: Have hedge funds budged on hurdle rates?

bmcgovern — Tue, 30 Apr 2024 15:00:42 +0000

Even though it has been two years since the U.S. Federal Reserve started rapidly hiking interest rates, hedge fund managers aren’t more likely to have a hurdle rate in place now than they were during the zero interest-rate policy era. Yet institutional investors are pushing for change. There’s a strong carry component to many hedge […]

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Public meeting in Edmonton attracts hundreds amid talk of province’s CPP withdrawal

bmcgovern — Tue, 30 Apr 2024 13:00:51 +0000

Hundreds of Albertans turned out for a meeting in Edmonton last week to hear officials from the Canada Pension Plan Investment Board discuss the state of the national retirement plan, while acknowledging Alberta’s ongoing discussion about leaving it, according to reporting by the Edmonton Journal. The meeting attracted a crowd of about 400 people, during […]

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Survey finds 95% of U.S. public pension funds employ investment consultants

bmcgovern — Fri, 26 Apr 2024 19:45:21 +0000

More than 95 per cent of U.S. public pension funds employ at least one investment consultant, according to a new survey by Coalition Greenwich. The survey, which polled 708 individuals across 575 U.S. institutional investors with assets greater than US$150 million, found there has been a significant increase in the services of investment consultants, as […]

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73% of OPB plan members want ESG considerations included in investment decisions: survey

bmcgovern — Thu, 25 Apr 2024 13:00:08 +0000

Roughly seven in 10 (73 per cent) Ontario Pension Board plan members believe environmental, social and governance factors should play a critical role in the plan’s investment considerations, according to a new survey included in the investment organization’s inaugural ESG report. The survey, which polled roughly 10,000 plan members, found nearly two-fifths (39 per cent) of […]

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WISE Trust returns 7.9% in 2023, net assets increase to $4 billion

bmcgovern — Tue, 23 Apr 2024 19:00:50 +0000

The Workplace Insurance and Safety Employees Trust generated a net return of 7.9 per cent in 2023, with net assets reaching $4 billion, up from $3.8 billion in 2022, according to its latest report. In a press release, Christopher Brown, WISE Trust’s chief executive officer, said the results are a testament to its partnership with […]

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Expert panel: How institutional investors are adapting to a post-pandemic global economy

bmcgovern — Tue, 23 Apr 2024 13:00:12 +0000

Renowned American businessman and investor Charlie Munger once said, “You have to keep learning if you want to become a great investor. When the world changes you must change.” The world has changed and institutional investors will need to have a plan and be ready to face new challenges. The 30 years prior to the […]

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Average funded ratio of Canadian DB pension plans up 7% in Q1 2024: report

bmcgovern — Tue, 23 Apr 2024 13:00:03 +0000

The funded ratio of the average Canadian defined benefit pension plan, excluding the effect of asset smoothing, reached 124 per cent as at March 31, 2024, up seven per cent from the fourth quarter of 2023, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]

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AIMCo returns 6.9% in 2023, driven by equities, fixed income

bmcgovern — Mon, 22 Apr 2024 19:00:11 +0000

The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark. As of Dec. 31, 2023, the AIMCo’s total assets under management were $160.6 billion, compared to $158 billion in 2022. Its balanced fund generated a net return of eight per […]

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