The pullback from traditional lenders in the real estate market is poised to create a serious need for capital. “To a certain extent, banks [and other large capital providers] have generally been overexposed to real estate,” said Ken McKinnon, senior managing director and equity partner at Institutional Mortgage Capital, during a session at the Canadian […]
The limited availability of retirement income solutions is giving physicians in Canada a compelling reason to join a new multi-employer pension plan, said Simone Reitzes, managing director of the Medicus Pension Plan, during a session at the Canadian Investment Review’s 2024 Defined Benefit Investment Forum. As part of Reitzes’ engagement with potential new plan members […]
The Alberta Investment Management Corp. has laid off 19 employees and cut their positions, including the role of running its diversity, equity and inclusion program. An AIMCo spokesperson said in an email Tuesday that despite the job cuts, the company remains committed to an equitable and inclusive workplace. Read: Alberta government fires AIMCo CEO, board, […]
The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums. Officials told reporters that beginning this year, mutual funds should increase holdings of onshore stocks, called […]
The Public Sector Pension Investment Board is appointing Patrick Charbonneau as its new chief investment officer, effective February 3, 2025. He’ll oversee portfolio design and beta management activities, the fund’s overall investment strategy and the treasury function. Charbonneau succeeds Alexandre Roy, senior managing director of total fund management at the investment organization, who served as […]
The Public Sector Pension Investment Board is reporting its London-based office real estate asset is fully leased. “We are delighted that 22 Bishopsgate has reached full occupancy, marking a significant milestone for this asset,” said Stéphane Jalbert, managing director and head of Asia-Pacific and Europe, real estate investments at PSP Investments, in a press release. […]
The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the fourth quarter of 2024 and 12 per cent since the start of the year to 129 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]
Dutch civil worker pension fund Stichting Pensioenfonds ABP is selling its entire stake in Tesla Inc., according to a report by Business Insider. The investment organization sold 2.8 million shares in the electric vehicle manufacturer last September. A separate report by Bloomberg indicated ABP’s Tesla stake was valued at approximately US$585 million. Read: Shareholders approve […]
The cryptocurrency-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses could push states to become more open to crypto and lead public pension funds and treasuries to buy into it. Many bitcoin enthusiasts and investors are quick to say government-backed currencies are prone to devaluation and increased government buy-ins will stabilize […]
Canada’s public pension funds should rethink the billions of dollars they’ve invested in natural gas infrastructure amid the global push to reduce emissions, says a new report from a climate advocacy group. The report by Shift Action for Pension Wealth and Planet Health says nine of Canada’s largest public pensions have invested in 22 gas-related […]