The Nova Scotia Public Service Superannuation Plan achieved a return of 5.5 per cent, net of fees, for its 2017/18 fiscal year, according to its latest annual report. In dollar terms, the plan generated $343 million in total investment income, bringing the plan’s total net assets to $6.4 billion at March 31, 2018. During the last […]
The OPSEU Pension Trust is setting out a climate change action plan, including eight areas of focus that aim to make the pension fund more resilient and agile in taking on the problem. “Climate change is one of the most significant challenges facing us today,” said Hugh O’Reilly, president and chief executive officer of OPTrust, in a […]
In the wake of the tragic shooting at a high school in Parkland, Fla., earlier this year that left 17 dead and sparked a renewed and vigorous debate about gun control, certain members of the investment world took swift action. BlackRock Inc., the world’s largest institutional investor with US$6.3 trillion under management as of the […]
Whether the aim is to reduce material risk, align pension investments with the organization’s overall philosophies or address a moral imperative, no pension fund wants to go through the trouble of diving in only to find its assets aren’t as green as it thought. With no standardized metric in existence, the word “green” could have […]
A recent report from the C.D. Howe Institute suggests that in addition to levying a bevy of tariffs on some of America’s biggest trading partners, U.S. President Donald Trump is using the uncertainty he’s creating in order to gain further leverage at the global negotiating table. “Under the Trump administration, U.S. trade policy has been […]
Vestcor Investment Management Corp. posted an eight per cent return on total assets under active management in 2017, up from 6.2 cent the year before. Formerly the New Brunswick Investment Management Corp., Vestcor provides administration services for 11 public sector pension plans, as well as global investment management services to nine public sector clients with […]
The Ontario Teachers’ Pension Plan has appointed Ziad Hindo as its new chief investment officer. Since joining Ontario Teachers’ in 2000, Hindo has been responsible for the investments division and overall investment portfolio, most recently in the capital markets department. In the new role, he’ll report directly to the plan’s president and chief executive officer, Ron Mock, who has been filling in as […]
The Caisse de dépôt et placement du Québec is investing $50 million in Canadian construction company Pomerleau Inc. The investment, which makes the Caisse a minority shareholder in the company, aims to allow Pomerleau to follow through with its expansion strategy targeting new opportunities for growth, as well as to innovate, equip itself with better tools […]
The recent summit in Singapore between U.S. President Donald Trump and North Korean ruler Kim Jong Un has raised mixed reactions from the investment world. “No doubt, you’ve heard the criticisms of the outcome [of the summit], that the agreements signed by President Trump and Kim Jong Un are too vague, that no new commitments came […]
While 68 per cent of global institutional investors said they consider responsible investing to be important to their organization to some degree, 40 per cent said they’ve already developed a policy for making investment decisions and another 14 per cent said they’re in the process of doing so, according to a new survey by Aon. Its […]