The Canada Pension Plan Investment Board says it earned a net return of 9.3 per cent for its latest fiscal year. The board says the fund totalled $714.4 billion in net assets as at March 31, up from $632.3 billion a year earlier. The increase included $59.8 billion in net income and $22.3 billion in […]
The Ontario Pension Board is appointing Andrew Tambone as chief investment officer. In the role, Tambone will be responsible for overseeing the OPB’s relationship with its asset manager the Investment Management Corp. of Ontario and its investment portfolio performance. He’ll join the OPB in July and will succeed current CIO Chris Kautzky. Read: OPB making […]
The estimated funded status of the 100 largest U.S. public defined benefit pension plans rose to 102.9 per cent in April, up slightly from 102.7 per cent at the end of March, according to a new report by Milliman Inc. It found an increase in discount rates shaved US$10 billion off liabilities and helped offset […]
Amid a new cycle of market volatility caused by U.S. tariffs, institutional investors are facing a dilemma when selecting active or passive management strategies for their public equities portfolios, says John Wilson, founding principal, co-chief executive officer and managing partner at Ninepoint Partners LP. “People are looking for strategies that offer lower correlation to give […]
The Canadian annuity purchase market recorded $700 million in transactions during the first quarter of 2025, according to a new report by Telus Health. It noted a “notable deceleration” in the volume of transactions after what a record-breaking year, which isn’t uncommon for the first quarter of a new year. The last quarter of 2024 […]
In its 2025 budget on Thursday, the Ontario government proposed an additional $5 billion in funding to a provincial infrastructure bank that leverages public sector pension investments. The Building Ontario Fund, which was announced in the province’s 2023 fall economic statement, supports the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and […]
An U.S. investment manager’s decision to open a Canadian office could pave the way for multinational employers to consider the safety of transgender employees in the U.S., says one expert. In a note to investors last month, Aristides Capital LLC founder and managing member Claire Brown, who is currently based in Ohio, confirmed she won’t […]
The Public Sector Pension Investment Board is creating a new long-term strategic partnership with BCE Inc. The new partnership, named Network FiberCo, will accelerate the development of fibre infrastructure in underserved U.S. markets through telecommunications firm Ziply Fiber. PSP Investments is allocating a potential commitment of more than US$1.5 billion. The business partnership is expected […]
Roughly six in 10 (59 per cent) institutional investors view their asset manager as a strategic partner in their work, according to a new survey by Crisil Coalition Greenwich. The survey, which polled 372 global institutional investors, also found money managers oversee, on average, 62 per cent of institutional assets, with the highest level reported […]
Defined benefit pension plans sponsored by Fortune 1000 companies entered 2023 with an aggregate funded position of 100.1 per cent, remaining almost unchanged at a level of 99.1 per cent by year-end, according to a report by WTW. The report, which analyzed the funded status and asset allocations of more than 400 plan sponsors, found […]