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Two executives at the Pennsylvania-based Public School Employees Retirement System have survived an effort by trustees to oust them from their positions due to investment underperformance. On June 11, PSERS’ executive director Glen Grell and chief investment officer James Grossman were spared being put to a vote of no confidence after the vote was removed […]

  • By: Staff
  • June 15, 2021 June 15, 2021
  • 11:00

A number of Canadian institutional investors, including the British Columbia Investment Management Corp., the British Columbia Municipal Pension Plan, the Caisse de dépôt et placement du Québec and the Investment Management Corp. of Ontario, are among 457 signatories of a statement calling on governments around the globe to take accelerated action to combat the climate […]

  • By: Staff
  • June 15, 2021 June 15, 2021
  • 09:00

The Ontario Municipal Employees Retirement System is co-leading a US$2.75 billion ($3.3 billion) private placement to raise equity for Northvolt, a Swedish battery maker. Alongside the OMERS, four Swedish public sector pension funds, Goldman Sachs Asset Management and the Volkswagen Group also co-led the private placement. According to a press release, the equity injection will […]

  • By: Staff
  • June 14, 2021 June 14, 2021
  • 08:45
Canadian ESG-related investment assets surge to $3.2 trillion: report

The British Columbia Investment Management Corp. is becoming “more intentional about” its ongoing environmental, social and governance efforts in the wake of the coronavirus pandemic, says Jennifer Coulson, vice-president of ESG and public markets for the investment manager. Its 2020 annual report highlights the BCIs’ expansion of its carbon footprint reporting to include all asset classes […]

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The Canada Pension Plan Investment Board and partners have closed a $27 million series B funding round for Clir Renewables, a software start-up developing cloud-based renewable energy asset management and reporting software. Since it was founded in 2017, Clir has provided technology to support asset owners of renewable energy assets in 11 countries through its artificial intelligence-driven […]

  • By: Staff
  • June 7, 2021 June 7, 2021
  • 09:00
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The Canada Pension Plan Investment Board is investing 5.6 billion Indian rupees (about $93 million) to secure a 49 per cent equity stake in a regional retail centre in Kolkata, located in West Bengal. The nine-hectare mall will be a joint venture between the CPPIB and Phoenix Mills Ltd. Construction will begin this year in […]

  • By: Staff
  • June 2, 2021 June 2, 2021
  • 16:00

The University of Waterloo is committing to reducing the carbon footprint of its pension and endowment investment portfolios by 50 per cent by 2030, with the goal of achieving full carbon neutrality by 2040. “With this new commitment, the university is . . . aligning its investment practices with its teaching, research and operations on climate change, […]

  • By: Staff
  • June 2, 2021 June 2, 2021
  • 09:00
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Canada’s pension plan sponsors have a fiduciary responsibility to consider climate change in their financial decisions, according to Randy Bauslaugh, counsel for pensions and benefits and executive compensation at McCarthy Tétrault LLP, during a webinar hosted by the Canada Climate Law Initiative and the Canadian Pension & Benefits Institute. “The failure of plan administrators and […]

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The Caisse de Dépôt et Placement du Québec, the Indonesian Investment Authority, the Abu Dhabi Investment Authority and APG Asset Management have signed a memorandum of understanding to establish an infrastructure investment platform in the Southeast Asian nation. In the memorandum of understanding, the Indonesian sovereign wealth fund stated its intention to explore joint investment […]

  • By: Staff
  • May 27, 2021 May 27, 2021
  • 12:00
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A record return over the first full year of the pandemic has put the manager of Canada’s largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028. The Canada Pension Plan Investment Board reported that its funds earned 20.4 per cent net of […]