Norway’s largest pension fund, Kommunal Landspensjonskasse, is divesting its holdings in five oil sands companies, four of which were Canadian. KLP’s stake in Canadian firms Cenovus Energy Inc., Husky Energy Inc., Imperial Oil Ltd., Suncor Energy Inc. and Russian company Tatneft PAO was a combined US$58 million, with US$33 million in equity and US$25 million in bonds. […]
The solvency positions of Canadian defined benefit pension plans declined slightly in the third quarter of 2019, according to new surveys from Aon and Mercer. Aon’s latest median solvency ratio survey reported a drop to 98.6 per cent from 99.3 per cent in the second quarter, while Mercer’s pension health index recorded 94 per cent […]
The Public Sector Pension Investment Board is closing the largest private construction loan in Washington, D.C. history alongside Hoffman-Madison Waterfront. The first phase of the wharf, a waterfront neighbourhood that includes residential, hotel, office, retail real estate and public spaces like waterfront parks and piers, opened in 2017. This latest loan is for the second phase of its development. […]
More than half (52 per cent) of institutional investors said they think a political or world event, such as Brexit, will impact portfolio performance over the next 12 months, according to a survey by Schroders. And that number is on the rise. The survey, which polled 650 institutional investors with a combined US$25.4 trillion in […]
After years of dramatic post-Soviet growth, Poland is a major contender in the global marketplace. However, it’s a mixed bag for institutional investors, who are finding both opportunities and limitations in the market. The country is holding up well in an increasingly challenging global environment where other economies are seeing growth slow, said Rachel Van Elkan, the […]
A group of institutional investors representing more than US$500 billion is calling on the U.S. Congress to vote down the Canada-United States-Mexico trade agreement to prevent extended monopoly rights for pharmaceutical companies in all three countries. The Interfaith Center on Corporate Responsibility, which represents more than 300 religious institutional investors, pension funds, foundations, asset managers […]
While institutional investors generally take for granted the overall global system in which they operate, these days they simply don’t have that luxury, said Jonathan Hausman, managing director and head of global strategic relationships at the Ontario Teachers’ Pension Plan, at an event hosted in Toronto on Wednesday by the Global Risk Institute. “I’d like […]
As the gap continues to widen between required infrastructure spending and actual dedicated funds, according to the G20, private infrastructure projects represent a strong opportunity for institutional investors. Speaking at TD Asset Management Inc.’s institutional investment symposium in Toronto on Wednesday, Matthew Press, the firm’s vice-president of infrastructure investments, said the funding gap in the G20 […]
The Principles for Responsible Investment has announced the winners of its inaugural awards. In the category of Active Ownership Project of the Year, Platform Living Wage Financials, a group of 11 financial institutions representing over 2.3 trillion euros in assets under management took the top spot, a case study posted on the PRI’s website said. […]
The market value of assets held by Canadian trusteed pension plans hit $1.97 trillion in the first quarter of 2019, an increase of five per cent from the last quarter of 2018, according to new data from Statistics Canada. Year over year, the market value of assets rose 3.6 per cent. The total includes assets […]