The Caisse de dépôt et placement du Québec is issuing $250 million to an organization that supports the institutional investment manager ecosystem in Quebec. The investment in the Quebec Emerging Managers Program works out to works out to $50 million each year for the next five years. Created in 2016, the program offers institutional investors access […]
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 […]
The funded position of a typical Canadian defined benefit pension plan improved on a solvency and accounting basis in March, according to a new report by Telus Health. During the month, the solvency of the typical Canadian DB plan rose by 0.4 per cent, finishing at 101.7 per cent of its value at the start […]
The International Monetary Fund is altering its expectations for global economic growth and inflation in 2023. During a recent press conference, the United Nation’s financial agency said it expects the world’s economy to grow by 2.9 per cent and the overall inflation rate to reach seven per cent this year. In January, it predicted the annual […]
The Ontario Municipal Employees’ Retirement System is appointing Ashish Goyal as executive vice-president and head of Asia-Pacific. In the new role, he’ll oversee investments across various asset classes in the Asia-Pacific region, reporting to Ralph Berg, the OMERS’ chief investment officer. He’ll continue to operate out of the pension fund’s Singapore office but will also […]
The real estate arm of the Ontario Municipal Employees’ Retirement System is acquiring a pharmaceutical manufacturing facility in Raleigh, NC. The Oxford Properties Group is purchasing the 30,000 square-metre facility that’s located beside a five-building office and life sciences campus it owns. According to a press release, the pension fund could expand the facility to […]
The 2023 federal budget, which was announced on Tuesday, includes several initiatives related to defined benefit pension plans and the broader institutional investment sector. The government said it would entrust the administration of a new federal investment fund to the Public Sector Pension Investment Board. “By partnering with PSP Investments, the Canada Growth Fund will […]
The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]
The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in February, according to a new report by Telus Health. During the month, the solvency of the average DB pension plan dipped by 0.7 per cent, falling to 101.3 per cent. The […]
The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the value of the initial investment. The move follows a restructuring agreement that provides Orpea Groupe’s bondholders with control of the majority of its equity. As part of the terms, other […]