The Ontario Teachers’ Pension Plan is selling its 60 per cent stake in the Sydney Desalination Plant to the Utilities Trust of Australia. The UTA, which previously owned 40 per cent of the plant, will now take full ownership of the facility, which can produce up to 250 million litres of drinking water per day. […]
Size matters when it comes to Canada’s much-vaunted model of pension investment. Sebastien Betermier, an associate professor of finance at McGill University’s Desautels Faculty of Management, says the in-house capabilities and direct, private-asset investment that characterize the approach pioneered by the Maple 8 aren’t replicable by just any pension fund. “You need to be really […]
Hudson’s Bay Co. is returning its former stores to landlords, effectively ending a British Columbia billionaire’s fight to take over the collapsed retailer’s leases. Franco Perugini, HBC’s senior vice-president of real estate and legal, said in an email to the Canadian Press that the company is disclaiming the leases it had for 25 properties that […]
Five of Canada’s largest pension funds earned high marks for their public reporting efforts, according to a new report from Top1000funds.com and CEM Benchmarking Inc. It ranked pension funds on their costs, governance, performance and responsible investment efforts. Canada’s pension system received an average overall score of 92 out of 100, a one-point increase from […]
The Ontario Teachers’ Pension Plan is appointing Christopher Metrakos as executive managing director of infrastructure and natural resources, effective immediately. In this role, he’ll be responsible for guiding strategy, portfolio and asset management activities globally. Metrakos joined the Ontario Teachers’ in 2014 and was most recently its senior managing director of natural resources. Read more People […]
An article on how Canadian institutional investors are approaching risk management amid increasing political tension with the U.S. 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. Expert asks whether institutional investors are prepared for risks in evolving […]
The Canada Pension Plan Investment Board is investing US$1 billion in energy firm ArcLight Capital Partners LLC’s AlphaGen, one of the largest independent power portfolios in the U.S. The investment will secure the CPPIB a strategic minority position in the power generation facility operator. The accelerating demand for electricity will make these assets play a […]
An article on Symcor Inc.’s approach to supporting employees going through menopause 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. Symcor hosting menopause awareness session, supporting employees with benefits, resources 2. Millennials, gen Z workers staying in […]
The Ontario Teachers’ Pension Plan is appointing Dale Burgess executive managing director of equities, effective immediately. Burgess has been at the investment organization since 1996 and has already been in this role on an interim basis since February, overseeing the equities investment department globally. Read: Ontario Teachers’ names Kevin Kerr as executive managing director, portfolio […]
The Ontario Teachers’ Pension Plan is completing the acquisition of an industrial facility in Houston alongside real estate investment advisor Sagard Real Estate. The financial details of the transaction weren’t disclosed. The deal represents the first transaction as part of a new partnership between the investment organization and the real estate firm. “As we look […]