The Ontario Municipal Employees Retirement System is acquiring California-based medical management company Paradigm Outcomes. The existing majority owner, Summit Partners, will continue to be a shareholder. Paradigm, which provides medical management to the workers’ compensation industry in the United States, is OMERS’ latest health-care investment. The pension fund has also invested in Premise Health, Forefront Dermatology, […]
Canadian plan sponsors aren’t satisfied with the retirement products available for capital accumulation plans and aren’t especially confident their members will have the income they need in retirement, according to a new survey by Schroders. “Most people didn’t feel that what was out there was going to allow people to retire with a high enough income,” said […]
One of Canada’s largest pension fund managers says trillions of dollars should be shifted into investments that will counter global warming, in part because it’s crucial to long-term profits. Michael Sabia, president and chief executive officer of the Caisse de dépôt et placement du Québec, spoke Tuesday at a roundtable discussion on sustainable finance on the eve […]
Broad examples of divergence, across many asset classes and geographies, could be an indicator that markets are headed for more turmoil than the surface appearance currently indicates, according to a strategy note from Unigestion. Divergence refers to a phenomenon when segments of financial markets that tend to move in sync begin to do the opposite. In […]
The Ontario Teachers’ Pension Plan has made two new appointments to its executive team. Gillian Brown, who joined the pension fund in 1995, is senior managing director of capital markets. Her previous roles at Ontario Teachers’ include equity trader, portfolio manager and managing director of insurance linked, credit and equity products. Read: OTPP posts 3.2% return for first […]
Institutional investors that divested from fossil fuels in the past five years didn’t do so at the expense of returns, according to new data by Genus Capital Management Inc. The firm’s 2018 divestment report, which looked at the returns gained by its Fossil Free CanGlobe equity fund, showed it beat its own benchmark and the Canadian stock market […]
Horizons ETFs Management (Canada) Inc.’s marijuana life sciences index exchange-traded fund has reached $1 billion in assets under management. Indicated by the ticker symbol HMMJ, the fund is the first and largest of its kind to offer direct exposure to marijuana-related North American-listed companies as a cohesive index, according to a news release. Since it was […]
As the Canadian cannabis industry blazes a path of growth in the run-up to October’s legalization, so does the number of related publicly listed stocks trading on North America’s largest indexes. Getting in on the action, some of Canada’s public pension funds are starting to look for exposure to cannabis companies, according to a report […]
Gains from U.S. equities and shrinking liabilities led to healthier Canadian defined benefit pension plans at the beginning of September, according to Aon’s latest data. Its median solvency ratio, which tracks the plans it administers, rose one percentage point since Aug. 1, 2018, to 102.9 per cent. The number of plans that are fully funded also rose […]
While investing sustainably is still a relatively minor factor in institutional investment decisions, global investors expect it to continue to grow in importance, according to new research by Schroders. “Investors clearly recognize that investing sustainably is going to be more and more important going forward, but this approach is yet to sit at the heart of their […]