Michael Wissell, the Healthcare of Ontario Pension Plan’s recently appointed chief investment officer, is stewarding the $114.4-billion plan’s growth while preserving its historic drivers of success. This mandate isn’t a simple one. On one hand, the HOOPP boasts a solvency ratio of 120 per cent and uses a liability-driven investment model that helped its 10-year […]
Diversified pooled fund managers saw median losses of 4.1 per cent in the first quarter of 2022, according to LifeWorks Inc.’s performance universe. While Canadian equities increased 3.8 per cent on the S&P/TSX composite index, the median return for Canadian equity managers was just three per cent. Significant losses were seen in the U.S., with the […]
The Ontario Teachers’ Pension Plan is entering a joint venture to develop offshore wind projects. In a deal reached with Corio Generation Ltd., the Ontario Teachers’ will receive a 50 per cent stake in the joint venture in exchange for a US$1 billion investment. The funds will be used to develop 14 fixed bottom and floating […]
Canada’s institutional investors saw assets decline by 4.61 per cent in the first quarter of 2022, according to the BNY Mellon Canadian master trust universe. With respect to non-traditional asset classes, real estate delivered the highest performance, with a quarterly median return of 4.65 per cent. Among traditional asset classes, Canadian equities performed best. During the […]
The Caisse de dépôt et placement du Québec is providing US$150 million in financing to a U.S. fibre optic network company. Everstream Solutions operates a 43,000 kilometre fibre optic network and 63 data centres in the U.S. The capital, provided by the Caisse through its subsidiary CDPQ Revenu Fixe VIII Inc., will be used to increase […]
The Ontario Pension Board, the administrator of province’s public service pension plan, generated a return of 9.4 per cent in 2021. In its yet-to-be released 2021 annual report, the OPB also reported its assets under management had grown to $33.8 billion, up from $31 billion the previous year. It also improved its solvency ratio by […]
Directors, trustees and investment managers at Canada’s largest public pension funds are deeply involved in the fossil fuel sector, according to a new report by Shift Action for Pension Wealth and Planet Health. It found 56 staff members from the largest public sector pension plans hold 76 different corporate director roles at 39 different fossil […]
The Ontario Teachers’ Pension Plan’s private equity arm is leading an investment round for a European health-care benefits provider. Teachers’ Venture Growth was the lead investor in a €183-million funding round for Alan, which provides companies with a range of health-care services, including health insurance. Its clients are based in Belgium, France and Spain. Following […]
In spite of overall losses, Canadian defined benefit pension plans saw their financial positions improve on a solvency and accountancy basis in April, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic that of a typical pension saw its assets decline by 5.3 per cent over the month. Despite this, the […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]