The Canada Pension Plan Investment Board is investing $60 million in an infrastructure trust sponsored by the National Highways Authority of India. In 2021, the investment organization previously allocated $257 million to the National Highways Infra Trust during the platform’s initial public offering. Following the transaction, the CPPIB’s stake reached 25 per cent. The investment […]
As a fresh-faced elementary school student in 1977, Aaron Bennett wasn’t quite in the target demographic for the freshly launched Benefits Canada magazine. Still, Bennett — now the chief investment officer at Ontario’s University Pension Plan — has a pretty firm grasp on the concerns that would have occupied the minds of his predecessors as […]
The Canada Pension Plan Investment Board is appointing Kristina Fanjoy as senior managing director and chief financial officer. In the role, she’ll be responsible for the CPPIB’s financial policy and reporting strategy, as well as business planning, performance reporting and analytics, valuations, financial controls, accounting and tax governance. Read: CPPIB promoting Priti Singh to global […]
The Caisse de dépôt et placement du Québec is financing part of a renewable energy project in Japan. The investment organization is investing about $90 million in a green bond released by Vena Energy Ltd. The green bond’s proceeds will be used to finance a solar power project on Honshu, Japan’s largest and most populous […]
The Canada Pension Plan Investment Board is warning corporate board directors that any companies failing to consider climate risks, adopting multiple-year term lengths or lacking in female representation won’t receive its support during shareholder votes, according to a new report. “How we select investments and hold management accountable to manage these factors can enhance or erode […]
Six of the leading Canadian pension asset managers are sharing details of their energy transition strategies in a new report by the Investor Leadership Network. The report, which highlights the complexity of climate transition investing, received contributions from the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan […]
An article on Canada’s ranking in retiree well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada drops to No. 15 in retiree well-being global rankings: report 2. Court rules employers must include electronic tips under pensionable earnings 3. Expert panel: How employers can support […]
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 […]
The Canada Pension Plan Investment Board is acquiring a stake in a financial management company. The Universal Investment Group Llc, which operates several offices throughout Europe, has about €760 billion in assets under administration. Its administration, structuring and distribution solutions services are used by 470 institutional investors. It also offers advisory services related to securities, […]
The world’s largest pension funds saw assets increase by 8.9 per cent in 2021, according to a report by WTW’s the Thinking Ahead Institute. The report, which drew on data from the 300 largest pension funds in the world, found these funds’ combined assets under management reached US$23.6 trillion by the end of 2021. The […]