The Public Sector Pension Investment Board says it dumped a significant portion of its shares in two giant technology companies during the first half of 2021. In a report to the U.S. Securities Exchange Commission, the investment organization showed the total number of shares it held in Apple Inc. decreased by 680,541 during the first […]
The Ontario Municipal Employees’ Retirement System is reporting a net investment return of negative 0.4 per cent — or a loss of $500 million — for the first half of 2022. During the period, the OMERS earned a net investment return of six per cent — or a gain of $6.7 billion — after reporting […]
An article on HSBC Bank Canada’s new benefits offerings was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. HSBC adding coverage for fertility treatments, surrogacy, gender affirmation 2. Employee placed on unpaid leave over mask refusal not entitled to reasonable notice: Alberta court 3. LifeWorks acquiring […]
The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group, aims to acquire operating hotels in European gateway cities and resort destinations. The investment organization has committed €475 million (about $624 million) […]
The Caisse de dépôt et placement du Québec generated an average return of negative 7.9 per cent for the first half of 2022. The investment organization reached the mid-year point with $392 billion in net assets, down from $420.2 billion at the end of the previous quarter. This $28.2 billion decrease consisted of a net […]
The Ontario Municipal Employees’ Retirement System is investing in an Arizona-based solar energy business. In a deal reached with Clairvest Group Inc., the institutional investor secured a minority stake in NovaSource Power Services, which provides solar panel servicing for industrial and residential customers and manages 20 gigawatts of solar assets. Following the transaction, Clairvest will […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.2 per cent for the six-month period ended June 30, 2022. The 12-month total fund net return was 8.3 per cent while net assets grew to $242.5 billion, according to a press release, which noted the five- and 10-year annualized total fund […]
The Canada Pension Plan Investment Board is reporting net assets of $523 billion for the first quarter of fiscal 2023, down from $539 billion at the end of the previous quarter. The $16 billion decrease consisted of a net loss of $23 billion and $7 billion in net transfers from the Canada Pension Plan, according […]
An article on Canadian employers increasing salaries and offering remote work to attract talent was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canadian employers increasing salaries, offering remote work to attract talent: survey 2. Expert panel: How national dental care could impact group benefits […]
While one expert says the two approaches work most effectively together, the other highlights the importance of complete divestment. Adam Scott, director at Shift Action for Pension Wealth and Planet Health: The common framing of engagement versus divestment is a false dichotomy. They aren’t mutually exclusive approaches — both are essential tools for pension managers, […]