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The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

  • By: Staff
  • April 1, 2024 March 28, 2024
  • 15:00

While the growing demand for private credit will require additional disclosure by institutional investors, it’s yet to be seen whether it will resemble similar restrictions placed on traditional lenders such as banks, says Shane Terrillon, an investment consultant at Aon. “Private credit being able to step in and help diversify financing solutions more broadly is […]

The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]

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As banks continue to pull back on lending, the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan, the Ontario Municipal Employees’ Retirement System and the OPSEU Pension Trust are increasing their exposure to private credit, according to reporting by Reuters. The CPPIB, which manages $576 billion, said it will double its overall credit […]

  • By: Staff
  • January 29, 2024 February 1, 2024
  • 15:00
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The Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System are selling their respective interests in a Chicago toll road. The investment organizations, which each hold 33.3 per cent stakes in the Skyway Concession Co., are selling their interests to Atlas Arteria Ltd., an Australian toll road investor. SCC manages, operates and […]

  • By: Staff
  • September 15, 2022 September 15, 2022
  • 11:30
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The Ontario Teachers’ Pension Plan is acquiring the parent company of a Canadian reverse mortgage provider. The pension fund is buying HomeQ Corp., which owns the HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and several minor shareholders. While the financial details of the acquisition weren’t disclosed, a press release noted it’s part of the […]

  • By: Staff
  • July 5, 2022 July 5, 2022
  • 12:45

The pension industry is at a turning point, with the asset value of defined contribution plans growing, while defined benefit plans are shrinking. “In a decade’s time, you will have a situation where DC will be almost $50 trillion in size, but DB will be $10 trillion in size and there will be big changes […]