Amid concerns of energy independence and rising costs, institutional investors are increasing their investments in U.S. power plants and electricity-generating assets, said Aleksandar Andonov, associate professor of finance at the University of Amsterdam, during a webinar hosted by the International Centre for Pension Management. Andonov shared the results of a study he conducted in partnership […]
The Ontario Municipal Employees’ Retirement System venture capital arm is appointing Michael Yang as managing partner and head of ventures. Yang joined OMERS Ventures in 2019 to launch its Silicon Valley office and more recently took on the role of leading ventures efforts across North America. In the new role, he’ll be responsible for leading […]
The Canada Pension Plan Investment Board has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, according to a report by Reuters. Most of the employees were on the fund’s private equity team and were informed early last month, said the report, citing three […]
The Ontario Municipal Employees’ Retirement System is appointing Michael Hill as executive vice-president and global head of infrastructure, effective Sept. 5. Hill, who has more than 30 years of experience in global investments, joins the OMERS from the Canada Pension Plan Investment Board where he was head of sustainable energies for the Americas. In the […]
An article on American Express Canada’s onsite counselling service was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Amex Canada supporting employee well-being with onsite counselling, enhanced mental-health resources 2. Majority of millennial, gen Z workers more likely to stay with employers that provide benefits: […]
The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession, but says a wide range of investments makes it well-positioned for uncertain economic conditions. The CPPIB reported Wednesday it earned a net return of 1.3 per cent in its latest fiscal year as inflation and rising interest rates weighed on both […]
A pair of surveys on the state of Canadian workers’ mental health were among the most-read stories on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Survey finds 40% of Canadian gen Z employees at a mental-health ‘breaking point’ 2. Survey finds 40% of workers taking time off due […]
With eight billion people consuming the planet’s resources, assets such as clean energy and sustainable agriculture are becoming increasingly important to institutional investors, said John Cook, senior vice-president, portfolio manager and co-lead of the Greenchip team at Mackenzie Investments, during a session at Benefits Canada‘s 2023 DC Plan Summit. Each year, it takes roughly 13.5 billion tons […]
While a third (34 per cent) of U.S. defined contribution pension plan sponsors say they’re studying decumulation solutions and another 15 per cent are in the process of evaluating or implementing one more than a quarter (27 per cent) say decumulation isn’t a topic of interest or need, according to a new survey by consultancies […]
The Alberta Investment Management Corp. is reporting an annual return of negative 3.4 per cent for 2022, citing declines in public equities and fixed income. The investment organization exceeded its benchmark by 1.8 per cent, with total client assets under management at $158 billion, according to a press release announcing its annual results. Read: AIMCo […]