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Copyright_Li Hong_123RF

The market value of assets held by Canadian employer pension plans increased to $2.12 trillion in the third quarter of 2020, according to a new report by Statistics Canada. It found while private sector assets saw a year-over-year increase of 4.6 per cent to $654.3 billion, public sector assets nearly reached $1.47 trillion. Stocks posted the largest increase at […]

  • By: Staff
  • February 25, 2021 February 25, 2021
  • 10:00
Copyright_Wittaya Doktanyong_123RF

The British Columbia Investment Management Corp. is committing to five-year climate-related targets for its public markets program. The pension fund is targeting a cumulative $5-billion investment in sustainability bonds and a 30 per cent reduction of carbon exposure in its global public equities portfolio by 2025, according to a press release, which noted the targets […]

  • By: Staff
  • February 24, 2021 February 25, 2021
  • 15:00
97928423-123RF

CGI Inc. is buying back and cancelling 4.2 million of its class-A subordinate voting shares from the Caisse de depot et placement du Québec for $400 million. The technology-consulting company said it will pay $95.13 per share, a slight discount to where the shares closed on the Toronto Stock Exchange last week at $98.07. CGI […]

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The Caisse de dépôt et placement du Québec is reinvesting $25 million in the Quebec Emerging Managers Program. The investment is part of a $110-million contribution and will promote the growth of Quebec’s emerging managers and support its asset management ecosystem, according to a press release, which noted the Caisse’s initial $25-million investment was in […]

  • By: Staff
  • February 19, 2021 February 19, 2021
  • 09:00
Copyright_Michal Balada_123RF

A coalition of Canadian university endowments and pension plans are launching a new initiative to engage investee corporations on climate change risks. The initiative will engage with North American public companies held in university endowment and pension portfolios and will focus on sectors including finance, transportation, energy and utilities and manufacturing, according to a press […]

  • By: Staff
  • February 19, 2021 February 19, 2021
  • 09:00
Pension funds increasing in-house asset management: survey

Canada’s pension funds are shifting asset management functions in-house while becoming more strategic about oversight of external managers, according to a new survey from CIBC Mellon. It found pension funds are increasing the portion of assets and investment activities managed in-house to 28 per cent from 22 per cent, with the majority of pension funds […]

  • By: Staff
  • February 10, 2021 February 16, 2021
  • 15:00
Ontario Teachers’ sells mall shares amid GameStop rally, invests in low-carbon company

The Ontario Teachers’ Pension Plan is cashing in on the recent GameStop Corp. stock rally, after selling its shares in a U.S.-based retail real-estate company that saw its value skyrocket as a result. In late January, the Ontario Teachers’ sold its 16.4 per cent share in Macerich Co. for nearly US$500 million, according to data […]

  • By: Staff
  • February 5, 2021 February 16, 2021
  • 15:00
PSP investing in real estate, Caisse in accessibility aids

The Public Sector Pension Investment Board is entering a $700-million joint venture investing in single-family rentals in the U.S. The new venture with Pretium Partners will initially fund units across major markets in the southeastern and southwestern U.S., according to a press release. Read: PSP selling stake in European rail lessor, investing in health-care technology […]

  • By: Staff
  • February 1, 2021 February 16, 2021
  • 09:00
OMERS’ portfolio company acquiring solar energy development platform

A portfolio company of the Ontario Municipal Employees Retirement System’s infrastructure arm is entering a purchase agreement to acquire a 10-gigawatt solar project development platform. Through the deal, U.S.-based Leeward Renewable Energy will acquire the platform from First Solar Inc., which includes 773 megawatts of projects in California and the southern U.S. that are expected to […]

  • By: Staff
  • January 26, 2021 February 16, 2021
  • 15:00
Ontario Teachers’ committing to net-zero emissions by 2050

The Ontario Teachers’ Pension Plan is committing to achieving net-zero greenhouse gas emissions by 2050. The commitment includes the establishment of concrete targets for portfolio emissions as well as increased investments in climate solutions, according to a press release, which noted the Ontario Teachers’ will also ensure portfolio companies manage and report their emissions annually. […]

  • By: Staff
  • January 22, 2021 February 16, 2021
  • 15:00