annual results – Benefits Canada.com

IMCO returns 5.6% for 2023, driven by public equities

bmcgovern — Thu, 11 Apr 2024 13:00:26 +0000

The Investment Management Corp. of Ontario is reporting a net return of 5.6 per cent for 2023, with net assets increasing to $77.4 billion. The investment organization’s year-end report found public equities returned 18 per cent in 2023, followed by global credit (7.7 per cent), fixed income (5.9 per cent), private equity (5.7 per cent), […]

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Canada Post pension plan down 6.7% in 2022

Gideon Scanlon — Tue, 11 Jul 2023 13:00:20 +0000

Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its latest annual report “2022 was a turbulent year for financial markets,” said Jan Faryaszewski, chief financial officer at the Canada Post pension plan, in the report. “The DB component of the plan fell from $32.3 billion to $29.5 […]

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BCI’s net assets grow 3.5% in fiscal 2023, led by alternatives

Gideon Scanlon — Tue, 27 Jun 2023 16:30:38 +0000

The British Columbia Investment Management Corp. saw a return of 3.5 per cent and increased its assets under management from $228.6 billion to $233 billion during the fiscal year ending March 31, 2023. According to the investment organization’s annual results, the $3.9 billion increase reflected investment gains of $6.8 billion and $2.8 million in net […]

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Caisse failing to fulfill investment mandate, according to report

Gideon Scanlon — Thu, 22 Jun 2023 16:30:25 +0000

The Caisse de dépôt et placement du Québec isn’t fulfilling its mandate to achieve optimal investment returns within its investment framework, according to a new report by the Centre for Productivity and Prosperity, a public interest group funded by the Quebec government and the Walter J. Somers Foundation. “The CDPQ is performing well enough to […]

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University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

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Vestcor posts 3.63% loss for 2022

Gideon Scanlon — Thu, 11 May 2023 16:30:30 +0000

Vestcor Investment Management Corp., an organization that manages the investment and administration of 11 public sector pension plans in New Brunswick, saw its investment decline 3.63 per cent in 2022. During the year, Vestcor’s assets declined from about $21 billion to $20 billion, according to a press release, which credited the losses to the unusually […]

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N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report

Gideon Scanlon — Thu, 04 May 2023 16:30:40 +0000

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 […]

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CAAT remains 124% funded despite 2022 investment losses: annual report

Gideon Scanlon — Thu, 20 Apr 2023 16:00:54 +0000

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 […]

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IMCO returns -8.1% for 2022, buoyed by private assets

Jennifer Paterson — Thu, 13 Apr 2023 16:00:47 +0000

The Investment Management Corp. of Ontario is reporting that the weighted average net return of its clients’ portfolios was negative 8.1 per cent for the year ended Dec. 31, 2022, which narrowly beat its consolidated benchmark return of negative 8.4 per cent. Over the three years since assets have been managed according to the IMCO’s strategies, the annualized return […]

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AIMCo returns -3.4% for 2022, citing declines in public equities, fixed income

bwolfe — Mon, 10 Apr 2023 13:00:20 +0000

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 […]

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