The College of Arts and Technology pension plan’s assets dropped 2.3 per cent while its funded ratio on a going-concern basis remained at 124 per cent in 2022, according to its annual report. “With CAAT, members don’t have to worry about every market dip and blip,” wrote Derek Dobson (pictured), the multi-employer pension plan’s chief […]
The real estate arm of the Ontario Municipal Employees’ Retirement System is operating the most productive shopping centre in Canada, according to a new report from the International Council of Shopping Centers. Toronto’s Yorkdale Mall returned annual sales of US$24,000 per square metre of retail space in 2022, more than any other Canadian mall. The […]
A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]
The Saskatchewan Healthcare Employees’ Pension Plan is appointing Colette Wagner as a senior investment analyst. In the new role, she’ll oversee the asset managers responsible for the SHEPP’s allocations to fixed income, public and private equities, infrastructure, real estate and opportunistic investment. In addition, she’ll ensure these approaches are aligned with the $9.7-billion pension fund’s […]
The Alberta Investment Management Corp. is revealing details of how environmental, social and governance factors are used alongside traditional financial analysis in its investment strategy. According to its first standalone report on ESG integration, the AIMCo first screens potential investments against exclusion guidelines set forth by each of its clients, a group that includes nine […]
The real estate arm of the Ontario Municipal Employees’ Retirement System is acquiring a pharmaceutical manufacturing facility in Raleigh, NC. The Oxford Properties Group is purchasing the 30,000 square-metre facility that’s located beside a five-building office and life sciences campus it owns. According to a press release, the pension fund could expand the facility to […]
The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]
The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the value of the initial investment. The move follows a restructuring agreement that provides Orpea Groupe’s bondholders with control of the majority of its equity. As part of the terms, other […]
The Ontario Municipal Employees’ Retirement System is reinvesting in a U.K.-based online mental health-care company. The OMERS participated in a funding round that raised £20 million (about $33 million) for HelloSelf, which connects patients with psychologists and therapists through an online platform. In 2021, the OMERS invested £5.5 million (about $9.1 million) and served as […]
The OPSEU Pension Trust finished 2022 with net assets of $24.642 billion, down 2.2 per cent from the previous year, according to its latest annual results. “The most important thing is the funded status, which is at 100 per cent,” says Peter Lindley, president and chief executive officer of the OPTrust. “I think it’s quite […]