The Canada Pension Plan Investment Board’s latest annual report greenwashes its investment strategies, according to Shift Action for Pension Wealth and Planet Health. “[A close reading] of its 2023 annual report shows Canada’s national pension manager continues to obscure its exposure to and prolongation of the fossil fuel economy while failing to understand that its […]
The Nova Scotia Teachers’ Pension Plan’s funded status dipped from 82.5 per cent to 75.1 per cent on a going-concern basis in 2022, according to its annual report. The decrease in the funded ratio year over year was due to the asset losses in 2022 and to the fact the plan’s discount rate was maintained […]
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, […]
The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022. According to its annual report, the PSSP, a defined benefit pension plan for 41,000 current and former public sector employees in Nova Scotia, saw the value of its assets rise […]
The Ontario Pension Board, the administrator of province’s public service pension plan, generated a return of 9.4 per cent in 2021. In its yet-to-be released 2021 annual report, the OPB also reported its assets under management had grown to $33.8 billion, up from $31 billion the previous year. It also improved its solvency ratio by […]
The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its annual report. The defined benefit pension plan’s assets grew by 6.1 per cent last year, reaching $5.856 billion. Net investment returns, however, grew by 9.63 per cent, slightly higher than […]
The Investment Management Corp. of Ontario saw returns of 9.6 per cent in 2021, according to its annual report. The IMCO’s assets under management rose $5.7 billion during the year, reaching $79 billion. The year’s returns weren’t evenly distributed, as client pension plan gains ranged from 0.1 per cent to 11.2 per cent depending on […]
The Alberta Investment Management Corp. secured a return of 14.7 per cent in 2021, according to a press release. During the year, the AIMCo’s assets under management reached $168.3 billion, up from $146.6 billion in 2020. Following the record-breaking performance, its annualized total fund return rose to 7.4 per cent on a four-year basis and 8.6 per […]
The Ontario Municipal Employees Retirement System returned 15.7 per cent for 2021, a significant increase on its 2020 return. In its annual report, the OMERS said four key factors drove the outperformance relative to its benchmark, which was 6.6 per cent — its portfolio of public equities returned 20.7 per cent; its private equity businesses grew […]
The British Columbia Investment Management Corp. returned 16.5 per cent for its combined pension plan clients and increased its assets under management from $171.3 billion to 199.6 billion in the year ended March 31, 2021. In its annual report, the investment manager said the $28.3 billion increase of assets under management reflected investment gains of […]