An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]
The Alberta Investment Management Corp.’s investments declined four per cent during the second quarter of 2022, according to its quarterly report. During the quarter, the AIMCo’s net investment income dipped $9.8 billion, to $136.6 billion. In the year ending on June 30, 2022, its assets declined 6.8 per cent. Read: AIMCo returns 14.7% in record-breaking year In […]
An article on a ruling against the Blue Cross Life Insurance Co. of Canada and how it could affect long-term disability premiums was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ruling against Blue Cross Life Insurance could affect LTD premiums: lawyer 2. Brown and […]
The Caisse de dépôt et placement du Québec is entering exclusive negotiations to acquire France-based Akiem, a provider of freight locomotive leasing services in Europe. The offer is subject to customary consultation with employee representative bodies within Akiem and its current owner, the SNCF Group, according to a press release, which noted the transaction is subject […]
The Alberta Investment Management Corp. and the Canada Pension Plan Investment Board are reinvesting in a telecommunications infrastructure provider to support its acquisition of a U.S. digital network provider. BAI Communications Inc., a Toronto-based internet and telephone network service provider, is acquiring ZenFi Networks Inc, a New York-based digital infrastructure provider specializing in roaming services […]
The Alberta Investment Management Corp. is part of a joint venture acquiring a portfolio of U.K.-based residential apartment assets under construction. In a deal reached with Angelo, Gordon and Co., the joint venture, which also includes Ridgeback Capital Management, will secure five under-construction apartment complex properties. The portfolio includes properties in Birmingham, Cardiff and Sheffield, […]
After a record-breaking year, Alberta’s public sector investment fund manager is seeking to earn the trust of its client pension funds. “A combination of factors had undermined trust between AIMCo and some of our clients,” wrote Evan Siddall, chief executive officer of the Alberta Investment Management Corp., in the organization’s 2021 annual report. “Whatever the reasons, […]
At the Alberta Investment Management Corp., diversity, equity and inclusion has catapulted up the priority list when it comes to investment strategy. While DEI has long played a role in the decisions of the AIMCo and other institutional investors, says Alison Schneider, the organization’s vice-president of responsible investing, she credits the coronavirus pandemic for catalyzing […]
Pension plan sponsors can’t ignore the financial risks of climate change or respond to them with half-baked approaches that allow companies to continue pumping out pollution. To be credible, comprehensive and complete, strategies protecting Canadians’ retirement savings from the unprecedented risks of the climate crisis must include several key elements. A Paris-aligned commitment The Paris Agreement […]
Several of Canada’s largest pension funds have backed a proposal requesting that Amazon.com Inc. review how its actions against ongoing union organizing efforts align with its stated commitment to freedom of association and collective bargaining. The proposal by the Shareholder Association for Research and Education and the Catherine Donnelly Foundation was supported by the Alberta […]