The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and residential real estate finance industries. The PSP joins previous backer, private equity firm Stone Point Capital, which will remain SitusAMC’s largest shareholder. Read: PSP subsidiary starts development consultations for Toronto property […]
The Canada Pension Plan Investment Board is appointing Judy Wade as managing director and head of the San Francisco offices it set up in August 2019. In her new role, Wade will lead the CPPIB’s expansion into the Bay Area, furthering its presence in the U.S. In addition, Adam Grosser will join Wade in the San Francisco […]
Due to market volatility caused by the coronavirus, pension plans may be finding themselves offside their investment policies as their assets have drifted. Typically, pension funds have a strategic asset allocation policy, which specifies bands within each asset class that investments can move between, says Arun Muralidhar, an adjunct professor of finance at George Washington […]
Canada’s defined benefit plans have had a rough quarter. According to Aon’s median solvency ratio, DB plans fell to an average solvency of 89.1 per cent at the end of the first quarter, from 102.5 per cent at the end 2019. Mercer’s pension health index also dropped, from 112 per cent at the end of […]
With a world in turmoil, some of Canada’s public pension plans and investment managers are considering how they can use their economic clout to help. The British Columbia Investment Management Corp. realized there was a responsibility in its staff working from home because of the coronavirus. Normally, staff are encouraged each year to take a day of […]
The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board have completed the purchase of all 30,000,000 common shares of AltaGas Canada Inc. Through the all-cash transaction, which was announced in October 2019, each share was sold for $33.50, coming to a total of $1.005 billion. AltaGas will now be known as TriSummit Utilities Inc. The two pension […]
The Ontario Teachers’ Pension Plan posted a net return of 10.4 per cent for 2019, bringing net assets to $207.4 billion. Its $20.2 billion in investment income represents an organizational best, said Jo Taylor, the pension fund’s president and chief executive officer, on a conference call Tuesday morning, outperforming the 2018 return of 2.5 per cent after a volatile year in […]
To stay on the cutting edge of environmental, social and governance integration, institutional investors have to expand their focus beyond the factors that are material to a company’s operations today and look ahead at what’s around the corner. According to a report by the World Economic Forum, this is becoming an integral part of investors’ analysis. “To […]
The Ontario Teachers’ Pension Plan, alongside Morrison & Co. on behalf of the Utilities Trust of Australia, is acquiring the Infrastructure Fund’s ownership stake in the Sydney Desalination Plant. As a result of the transaction, Ontario Teachers’ ownership of SDP will increase to 60 per cent, while UTA’s interest, managed by Morrison & Co, will […]
The Healthcare of Ontario Pension Plan reported a strong 2019, posting a 17.14 per cent return for the year and hitting a funded status of 119 per cent on a smoothed basis. The fund outperformed its benchmark by 2.08 per cent — or just over $1.65 million — and far surpassed 2018’s return of 2.2 […]