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The Ontario Teachers’ Pension Plan is setting new targets to accompany its plan to tackle climate change and curb greenhouse gas emissions tied to its multi-billion dollar portfolio. The pension fund said it aims to slash the carbon emissions intensity of its investments by 45 per cent by 2025 and by two-thirds by 2030, compared to its […]

Bâtirente is naming Éric Filion (pictured) as chief executive officer, effective Oct. 6. He’ll take over the position from Daniel Simard, who is retiring after 25 years as CEO. Simard will remain with Bâtirente as a special management advisor until June 30, 2022. Read: Bâtirente unveils new plan to optimize investments across all funds Since 2016, […]

  • By: Staff
  • September 17, 2021 September 20, 2021
  • 09:00

The Public Sector Pension Investment Board is becoming a signatory on a diversity, equity and inclusion pledge. The pension fund joined 179 investment organizations in signing the Diversity in Action Initiative from the Institutional Limited Partners Association, an organization dedicated to advancing the interests of limited partner sponsors. Since its launch earlier this year, 11 other Canadian […]

  • By: Staff
  • September 16, 2021 September 16, 2021
  • 12:45

Governance-related resolutions are receiving more overall votes from defined contribution pension plan members, but environmental issues are more engaging on a vote-per-measure basis, according to a new survey by two U.K.-based organizations. The study, by asset management firm Legal and General Investment Management Ltd. and fintech company Tumelo, found measures related to all levels of […]

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 12:00

The Ontario Teachers’ Pension Plan is appointing entrepreneur and venture capitalist Avid Larizadeh-Duggan to serve as the managing director of its Teachers’ Innovation Platform in Europe, the Middle East and Africa. In the new role, Larizadeh-Duggan will lead efforts to focus the platform on late-stage venture and growth equity investments in leading-edge technology companies based […]

  • By: Staff
  • September 9, 2021 September 9, 2021
  • 13:30

The Toronto Transit Commission Pension Plan is naming Anthony Tang as its portfolio manager of public markets. In the new role, Tang will oversee about 39 per cent of the $8-billion plan’s total assets under management. As of its most recent investment report, published in 2020, the TTC’s pension plan had about $3.12 billion under […]

  • By: Staff
  • September 7, 2021 September 7, 2021
  • 13:29

A report from the Chicago Police Department Pension Board Accountability Group is accusing the management of the Policemen’s Annuity and Benefit Fund of Chicago of providing little transparency to plan members and mismanaging funds. The pension board accountability group hired forensic auditor Christopher Tobe to conduct an audit. The report accuses the defined benefit plan’s board […]

  • By: Staff
  • September 7, 2021 September 7, 2021
  • 13:00
ESG influencing company strategy, increasing oil market vulnerability: reports

The Canada Pension Plan Investment Board is investing about $12.825 million in common shares of a Calgary-based oil and gas infrastructure service provider. The pension plan purchased common shares in CWC Energy Services Corp. from a third-party investment fund that represents about 17 per cent of total equity. The transaction comes as the CPPIB faces scrutiny […]

  • By: Staff
  • August 17, 2021 August 16, 2021
  • 09:00

Michel Charron has had a front-row seat for the revolution in the Canadian investment industry’s approach to environmental, social and governance issues. Following the foundation of the United Nation’s principles for responsible investment in 2008, his firm, PBI Actuarial Consultants Inc., immediately signed up. But the concept required explanation for some pension plan sponsors, he […]

At the end of 2020, a year of exceptionally volatile and unpredictable markets due to the coronavirus pandemic, the Colleges of Applied Arts and Technology pension plan was 119 per cent funded with $3.3 billion in funding reserves and its assets had grown to $15.8 billion from $13.5 billion on Jan. 1, 2020. “In the heart […]