The Investment Management Corp. of Ontario saw returns of 9.6 per cent in 2021, according to its annual report. The IMCO’s assets under management rose $5.7 billion during the year, reaching $79 billion. The year’s returns weren’t evenly distributed, as client pension plan gains ranged from 0.1 per cent to 11.2 per cent depending on […]
In response to the ongoing war in Ukraine, more Canadian public sector institutional investors are announcing plans to exclude Russian assets from their portfolios. The Investment Management Corp. of Ontario and the Ontario Pension Board will divest their portfolios of existing Russian assets as soon as possible. Efforts to immediately divest are currently impossible as […]
A pair of stories on employee burnout and the ‘Great Resignation’ took the top spots over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Expert panel: How employers can help employees struggling with burnout 2. How can employers turn the ‘Great Resignation’ tide? 3. Employers expanding equity compensation programs to […]
A consortium including several of Canada’s largest institutional investors is acquiring an Australian energy network. The Alberta Investment Management Corp., the Healthcare of Ontario Pension Plan, the Investment Management Corp. of Ontario and the Public Sector Pension Investment Board have joined a consortium acquiring AusNet Services Ltd. The company, which has infrastructure assets worth about […]
More than 100 global institutional investors and asset managers are committing to a project that seeks to standardize environmental, social and governance metrics to provide a mechanism for comparative reporting in the private equity industry. The ESG Data Convergence Project, which was launched in September 2021, now includes commitments from the British Columbia Investment Management […]
The Investment Management Corp. of Ontario is increasing its exposure to private equity, with plans to increase its exposure to the asset class to more than $6 billion by 2026. This year, the investment organization made about $2.3 billion in private equity transactions after starting the year with $2.7 billion in private equity assets — or […]
Canada’s largest public pension plans are more heavily invested in private equity than other global public pension plans, according to a new report by British think tank the Official Monetary and Financial Institutions Forum. “What really distinguishes the Canadian model is this large exposure to private equity, which stands out from across the sample, . […]
The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]
The Investment Management Corp. of Ontario is joining the growing list of asset owners committing to reaching net-zero alignment in their investment portfolios by 2050 through joining the Paris Aligned Investment Initiative. “We are committed to playing our part in the design of a new financial system that can secure a net-zero future for the world […]
The Caisse de dépôt et placement du Québec is investing in a fund focused on supporting innovative technology companies. The New York-based White Star Capital, a multi-stage global technology investment platform, raised $360 million from investors during an investment round for its most recent flagship fund. The platform, which projected securing $300 million from investors, […]