The Ontario Teachers’ Pension Plan is making three key appointments to its executive team, effective immediately. Its appointing Bernard Grzinic as executive managing director of capital markets, Steve Saldanha as executive managing director of total fund management and Robert Sturgeon as senior managing director of global investment strategy. Read: Ontario Teachers’ making key appointments to […]
Eastman Kodak Co. is disbanding a team that manages the firm’s US$1.6 trillion of pension investments and moving its management to Boston-based investment consulting firm NEPC. In a statement, the organization said as at Dec. 31, 2022, the fair value of plan assets was approximately $3.7 billion, with the projected benefit obligation of the plan […]
The average projected solvency ratio for Ontario defined benefit pension plans was 119 per cent as of Dec. 31, 2023, up two per cent from Sept. 30, 2023, according to a new report by the Financial Services Regulatory Authority of Ontario. It found the median projected solvency ratio exceeded 100 per cent for 12 consecutive […]
Stocks and bonds helped pension funds find positive results in the fourth quarter of 2023, according to the performance universe of pension managers’ pooled funds from Telus Health. The report is based on a universe of fund managers overseeing approximately $470 billion in assets under management, including $230 billion in pension fund assets. Read: Average Canadian […]
The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]
The Ontario Municipal Employees’ Retirement System returned 4.6 per cent in 2023, or $5.6 billion, in investment income in 2023, according to its latest year-end report. It found as of Dec. 31, 2023, the plan’s net assets stood at $128.6 billion, up from $124.2 billion in 2022. It also reported a funded status of 97 per […]
Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]
Canadian-based mining companies that are betting on the global energy transition saw a surge of investor interest in 2023, according to the latest edition of the TSX Venture 50 list. The annual ranking of top performers on Canada’s main venture exchange, released by the Toronto Stock Exchange on Wednesday, shows 2023 was a blockbuster year […]
The Colleges of Applied Arts and Technology pension plan is promoting Sabeen Purewall (pictured left) to vice-president of solutions and partnerships and Graham Stone (pictured right) to acting vice-president of pension solutions, effective Feb. 22, 2024. In their new roles, Purewall will oversee strategic partnerships to help organizations with talent attraction and retention tactics, while […]
The Caisse de dépôt et placement du Québec is acquiring an equity stake in North American port terminal and logistics operator QSL International Ltd. The investment organization first invested in QSL in 2021 through loan deals. The deal is expected to close in mid-2024 and details of the transaction weren’t disclosed. “We are proud to take […]