The Community Foundation of Prince Edward Island is selecting Vestcor Inc. as its investment manager. The CFPEI, which was first incorporated in 1993, oversees more than 200 community foundations in Canada representing several endowments, flow-through legacy and agency funds. Read: Vestcor returns 12.2% in 2024, net assets increase to $23.1BN According to its 2024 annual […]
The Canada Pension Plan Investment Board is selling its 49 per cent stake in Island Star Mall Developers Private Ltd. to Phoenix Mills Ltd. and its affiliates. The investment organization is expecting the net proceeds from the sale to reach nearly $871 million. The asset was established by the CPPIB and Phoenix Mills in 2017 […]
An article on how employers can ensure their benefits offerings are used and understood by employees was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. The ‘ghost benefits’ gap: How employers can ensure their offerings are used, understood […]
A world of increased uncertainty over fiscal situations is leading to a market more conducive to fixed income and international equities, says Indrani De, head of global investment research at FTSE Russell. The firm’s most recent asset allocation insights report found a global market that’s seeing steepening yield curves amid economic uncertainty brought on by […]
Michael Yang has left his role as managing partner and head of ventures at the Ontario Municipal Employees’ Retirement System. The departure comes at a time when the investment organization is adopting a strategic shift to focus its investment activity on the domestic market. Yang is based in San Francisco and helped launch the OMERS’ […]
Pension assets grew to US$61.5 trillion by the end of 2024, with a nominal growth rate of 8.5 per cent since the end of 2023, according to a new report from the Organisation for Economic Co-operation and Development. The final tally for 2024 beat the previous record of $59.7 trillion in 2021, due to significant […]
The global real estate arm of the Ontario Municipal Employees’ Retirement System is breaking ground in a purpose-built rental project located in Scarborough, Ont. As part of the project’s development, Oxford Properties Group received a $650 million rental housing construction loan through the Canada Mortgage and Housing Corporation’s apartment construction loan program. The development will […]
An article on the legal considerations for employers when terminating remote workers was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What employers need to know when terminating employees in remote-working arrangements 2. Employers can support caregivers with […]
The Public Service Superannuation Plan is reporting a one-year investment return of 7.03 per cent, which pushed its net investment income to $562 million during the fiscal year ending March 31, 2025. The investment performance beat the actuarial assumed rate of return of 6.50 per cent but didn’t clear its policy benchmark’s return of 9.21 […]
The Healthcare of Ontario Pension Plan is appointing Linda Halley as chief risk officer. Halley has been at the HOOPP for 24 years with different roles overseeing operational planning, financial reporting and accounting. Most recently, she was interim chief financial officer at the investment organization. She replaces departing risk leader Saskia Goedhart. Read: HOOPP appointing […]