Institutional investors expect market volatility, high inflation and rising interest rates to spur portfolio de-risking policies over the next two years, according to a new survey by Aeon Investments. The survey, which polled pension plan sponsors, insurers and asset managers with about US$545 in combined assets under management, found 81 per cent said they expect […]
An article on Saskatchewan’s Public Employees Benefits Agency transition to a not-for-profit corporation was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Saskatchewan’s pension and benefits administrator transitioning to not-for-profit model 2. University Pension Plan’s assets declined 9.1% in 2022, led by public equities 3. Survey […]
The British Columbia Investment Management Corp. and the Canada Pension Plan Investment Board are backing an acquisition in the agricultural industry. Bunge Ltd., an oilseed and grain trader that generated US$67.23 billion in revenue in 2022, will take over privately held rival Viterra Ltd. Under the terms of a definitive agreement, Viterra shareholders will receive […]
The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in May, according to a new report by Telus Health. During the month, the solvency of the average DB plan dipped by 0.6 per cent, falling to 101.4 per cent. The balance […]
Environmental, social and governance investing is a powerful tool that can reveal systemic issues impacting all parts of institutional investors’ portfolios, said Aaron Bennett, chief investment officer of the University Pension Plan, during the 2023 Responsible Investment Association conference last week. Some of these issues can accrue over time — and, when they finally manifest, they can […]
Salvatore Iacono will succeed John Sullivan as president and chief executive officer of Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, effective November. Iacono joined the real estate investment organization in 2018 and is currently its executive vice-president of operations. In the position, he’s responsible for overseeing the retail, office and mixed-use […]
The Caisse de dépôt et placement du Québec is underwriting $75 million of bonds issued to finance a portion of the construction of a new bridge in Quebec. The underwriting will cover a significant portion of a $380-million issuance from Groupe Nouveau Pont Île-Aux-Tourtes Inc. It will be used to fund the construction of the […]
The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]
“Everyone on stage agrees on one thing — [environmental, social and governance] integration is just smart,” said moderator Francisca Quinn, co-founder and president of Quinn and Partners Inc., during a panel at the 2023 Responsible Investment Association conference last week. She was joined by representatives of two Canadian public sector investment organizations with very different […]
The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces. The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to […]