Natasha Trainor has overseen the pension strategy at NAV Canada for nearly half a decade and she’s made her imprint by adding a novel review process. “We went through an exercise over the past few years of looking at each asset class and coming up with what we called asset class designs,” says the organization’s […]
The British Columbia Investment Management Corp. is focusing on robust corporate governance, the protection of shareholder rights and effective oversight of environmental, social and governance risks and opportunities as part of its latest proxy voting guidelines. In a press release, Jennifer Coulson, senior managing director and global head of ESG at the BCI, said proxy […]
The Caisse de dépôt et placement du Québec is acquiring Innergex Renewable Energy Inc. in a deal worth roughly $10 billion. The transaction will see common shareholders receive $13.75 per share, which represents a 58 per cent premium from the company’s current share price. In a press release, Emmanuel Jaclot, executive vice-president and head of […]
In the face of uncertainty around the business and political relationship between Canada and the U.S., Canadian institutional investors aren’t considering allocation strategy changes just yet. Kim Hart, principal investment consulting at Eckler Ltd., says immediate discussions with Canadian plan sponsors show they aren’t looking to move away from U.S. investments or to decrease allocations […]
Florida’s new attorney general filed a federal court lawsuit against Target Corp., claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives that prompted a backlash and hurt sales, ultimately costing shareholders. Before it scaled back its DEI efforts last month, Target was long considered a corporate advocate for the rights […]
An article on the Ontario Municipal Employees’ Retirement System’s 2024 financial results 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. OMERS returns 8.3%, grows net assets to $138.2BN in 2024 2. Fewer millennials, gen Z employees on […]
Canadian asset owners representing about $53 billion in holdings say they’re disappointed that Canada’s financial institutions have left net-zero emissions initiatives and are calling for them to follow through on climate commitments. The 34 signatories to an open letter include the Trottier Family Foundation, the Canada Post Pension Plan, United Church of Canada and the […]
The Caisse de dépôt et placement du Québec is reporting a 9.4 per cent investment return as at Dec. 31, 2024, pushing its total net assets to $473 billion. The positive investment result was credited to the performance of public equities (25.5 per cent), private equity (17.2 per cent), infrastructure (9.5 per cent) and fixed […]
The Ontario Municipal Employees’ Retirement System is reporting a return of 8.3 per cent as at Dec. 31, 2024. The investment organization surpassed its 7.5 per cent benchmark for 2024 by achieving $10.6 billion in investment returns during the year. Its net assets grew from $128.6 billion in 2023 to $138.2 billion at the end […]
The Caisse de dépôt et placement du Québec is selling 2.5 million shares in Intact Financial Corp. for a gross price of $278.60 per share. The transaction is expected to produce gross cash proceeds of roughly $696,500,000 from the offering. Overall, the deal represents 1.4 per cent of the issued and outstanding common shares in […]