The OPSEU Pension Trust is selling its stake in an environmental waste management company. The OPTrust, which first bought an equity stake in Environmental 360 Solutions Inc. in 2020, is one of several institutional investors selling its shares to Blackrock Inc.’s alternatives fund. Environmental 360 Solutions Inc. is an end-to-end environmental management solutions provider to municipal […]
Driven by a combination of institutional investor interest and companies’ need to seek alternative funding, global private credit increased more than six-fold since the 2008/09 financial crisis, surpassing US$1.3 trillion in 2022, according to a new survey by Coalition Greenwich. The survey, which polled 220 institutional investors in Europe, North America, Japan and the U.K., […]
Misconduct can devastate the value of an investment. A recent study on the pervasiveness and scope of corporate fraud by Alexander Dyck, professor of finance and economic analysis at the University of Toronto’s Rotman School of Management, found securities fraud by U.S. companies costs investors about US$830 billion each year. For Canadian institutional investors, participating […]
The Canadian Investment Review is pleased to announce the finalists of the 2022 Pension Leadership Awards. This year, the awards will be handed out in four categories, with three finalists selected for each. Read: Who are the finalists of the 2021 Pension Leadership Awards? This year’s finalists are: Investment Officer of the Year Duncan Burrill, chief executive officer, Canadian […]
Several European pension plans are backing a lawsuit against Shell Corp. alleging its board is mismanaging climate risk and breaching company law. The lawsuit, launched by U.K.-based climate advocacy organization ClimateEarth, alleges Shell’s board of directors is failing to manage the material and foreseeable risks posed to the company by climate change. It also accuses […]
Canada requires clear, consistent guidance on the integration and reporting of sustainability factors into investment decisions, according to a new report from the United Nations-based principles for responsible investment. “There are currently no consistent regulatory requirements for sustainability reporting that apply to all investors and issuers across Canada,” noted the report. “Without such a tool, […]
The Ontario Municipal Employees’ Retirement System is appointing Daniel Fournier as the next executive chair of its real estate arm, Oxford Properties Group. Fournier will begin the new role in April following the departure of Michael Turner, who has been in the position since 2018. After the transition, Turner will remain with the organization, helping […]
The Canada Pension Plan Investment Board’s assets returned 1.9 per cent during the third quarter of fiscal 2023, according to its latest quarterly report. By Dec. 31, 2022, the investment organization’s net assets reached $536 billion, up from $529 billion at the end of September. The $7-billion increase consisted of $10 billion in net income, less $3 […]
An article on how much money Canadians think they’ll need in retirement was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canadians believe they need $1.7 million in savings to retire: survey 2. FSRA promoting retirement planning with Pension Awareness Day 3. Survey finds 59% of […]
Amid the unprecedented events of the last three years, the Colleges of Applied Arts and Technology pension plan has remained on course with its investment strategies, according to Asif Haque, the plan’s chief investment officer. “We held our focus on the key goal of the CAAT’s investment program. . . . The plan’s diversified asset […]