The New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System signed an agreement with the Royal Bank of Canada to publicly disclose its financing ratio of low-carbon energy to fossil fuels. The investment organizations are mandating RBC, as well as Citigroup Inc. and JPMorgan Chase & Co., to adhere […]
Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad. The totals for acquisition dispositions of office assets in 2023 were “extremely low” compared to the previous year, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd., […]
The Canada Pension Plan Investment Board is investing up to $40 million in the creation of a real estate investment platform dedicated to purpose-built student accommodation opportunities in Europe. The new group is being created through the CPPIB’s acquisition of Nido Living (which will be a wholly owned but independently-operated portfolio company), as well as its […]
An article on considerations for plan sponsors ahead of the rollout of a new generation of obesity drugs was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. What plan sponsors should know ahead of rollout of new obesity drugs in Canada 2. What’s […]
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]
The Caisse de dépôt et placement du Québec is appointing Rana Ghorayeb as executive vice-president and head of real estate, effective April 29, 2024. She’ll oversee the overall Ivanhoé Cambridge portfolio and investment team, which has assets of over $77 billion. Ghorayeb joined the Caisse in 2012 and previously served as president and chief executive officer of Otéra […]
With the introduction of new sustainability and climate disclosure guidelines — IFRS S1 and IFRS S2 — from the International Sustainability Standard Board in January, institutional investors now have the opportunity to gain alignment in measuring environmental, social and governance risks associated with their investment portfolios. Read: Research finds pensions struggle to determine metrics for ESG […]
The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]
The funded position of a typical defined benefit pension plan rose both on a solvency basis (2.8 per cent) and an accounting basis (2.3 per cent) during February, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 103.6 per cent in February, up from 100.8 per […]
The decision by the Canada Pension Plan Investment Board this month to reduce 10 per cent of its China equity team based in Hong Kong is a positive move. It highlights a shift in the CPPIB’s approach to China, which previously saw the Canadian pension fund fend off accusations that its past investment activity in […]