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The Canada Pension Plan Investment Board earned 3.4 per cent during the third quarter of fiscal 2024, according to its latest quarterly report. By Dec. 31, 2023, the investment organization’s net assets were $590.8 billion, compared to $576 billion at the end of the previous quarter. The $14.6 billion increase in net assets consisted of […]

  • By: Staff
  • February 21, 2024 February 21, 2024
  • 10:00
OMERS’ portfolio company acquiring solar energy development platform

The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company Shizen Energy Inc. The solar power plant generates 31 megawatts, or enough energy to power 7,850 homes, according to a press release. The Caisse first invested $186 million in the energy […]

  • By: Staff
  • February 16, 2024 February 14, 2024
  • 15:00
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Guardian Capital Group Ltd. is acquiring U.S.-based asset manager Sterling Capital Management from Truist Financial Corp. The financial terms of the transaction include a payment of US$70 million on closing to purchase 100 per cent of the equity capital of Sterling, according to a press release, which noted the acquisition is expected to close in […]

  • By: Staff
  • February 15, 2024 February 15, 2024
  • 15:00
Copyright_Mikhail Tsikhanovich_123RF

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to a new report by the Canadian Centre for Economic Analysis. The report analyzed data related to the OMERS’ pension payments, operations and assets. It found members’ retirement income alone supported […]

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

Three of Canada’s largest pension plans are among the top 10 pension funds that generated the largest compound annualized returns between 2013 and 2022, according to a report by data platform Global SWF. The report, which measured the compound annual growth rate of pension funds’ single-year investment returns between fiscal 2013 and fiscal 2022, found […]

  • By: Staff
  • February 14, 2024 February 14, 2024
  • 09:00
Canadian ESG-related investment assets surge to $3.2 trillion: report

A majority (91 per cent) of Canadian institutional investors say climate change is a leading concern within the environmental, social and governance space, according to a new survey by Millani. The survey, which polled more than 30 institutional investors with a total of $4.5 trillion in assets under management, found 47 per cent of respondents also […]

  • By: Staff
  • February 13, 2024 February 13, 2024
  • 15:00

Vestcor Inc. is appointing Sean Hewitt as president and chief executive officer, effective mid-April. He’ll succeed John Sinclair, who announced his retirement last November after leading the investment organization for 20 years. Read: New Brunswick’s Vestcor CEO John Sinclair to retire Hewitt has nearly 20 years of progressive experience within the pension and investment industries […]

  • By: Staff
  • February 12, 2024 February 14, 2024
  • 15:00

The Caisse de dépôt et placement du Québec has renewed the mandate of president and chief executive officer Charles Emond for a five-year period concluding Feb. 6, 2029. In a press release, Jean St-Gelais, chair of the Caisse’s board of directors, noted during the last four years under Emond’s leadership, the investment organization “has delivered […]

  • By: Staff
  • February 9, 2024 February 9, 2024
  • 15:00

Well hello there! We may have met during one of Benefits Canada’s and the Canadian Investment Review’s many events throughout the year, but if we haven’t, I’m usually helming our daily online news coverage from behind the scenes, while contributing to the monthly print magazine. You’ll be seeing me in this space for the next few […]

While Blair Richards understands why the industry is moving away from defined benefit pension plans, he worries about what may be lost in the process. When Richards — the chief investment officer at the Halifax Port ILA/HEA pension plan — joined the institutional investor 40 years ago, DB plans were an attractive hiring and retention […]