private equity – Benefits Canada.com

AIMCo returns 6.9% in 2023, driven by equities, fixed income

bmcgovern — Mon, 22 Apr 2024 19:00:11 +0000

The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark. As of Dec. 31, 2023, the AIMCo’s total assets under management were $160.6 billion, compared to $158 billion in 2022. Its balanced fund generated a net return of eight per […]

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Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture

bmcgovern — Fri, 19 Apr 2024 19:00:26 +0000

The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The Ontario Teachers’ acquired the senior luxury residence operator in 2015 through a transaction by its subsidiary BayBridge Seniors Housing Inc., which includes more than 30 assets in British Columbia and Ontario. […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 19 Apr 2024 13:00:14 +0000

A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Organon launching initiative to support women’s career, health journey in the workplace 2. Survey finds 38% of Canadian employees […]

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CAAT returns 9.5% for 2023, led by global, emerging market equities

bmcgovern — Thu, 18 Apr 2024 13:30:10 +0000

The Colleges of Applied Arts and Technology pension plan saw a net return of 9.5 per cent for 2023, with net assets of $20.1 billion, up from $18.2 billion in 2022, according to its latest annual report. As of Jan. 1, 2024, the investment organization maintained a healthy funding level of 124 per cent on a going-concern […]

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Feds seeking to boost domestic investments by Canadian institutional investors: budget

bmcgovern — Wed, 17 Apr 2024 13:00:53 +0000

In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]

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Demand for data centres rising as institutional investors seek to diversify real estate portfolios: expert

bmcgovern — Tue, 16 Apr 2024 15:00:01 +0000

Data centres are becoming an important asset for institutional investors seeking to diversify their real estate portfolios. The data centre asset class was valued at an estimated US$301.8 billion as of 2023, according to researcher P&S Intelligence, which also noted the value is expected to increase to US$622.4 billion by the end of 2030. Indeed, […]

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IMCO returns 5.6% for 2023, driven by public equities

bmcgovern — Thu, 11 Apr 2024 13:00:26 +0000

The Investment Management Corp. of Ontario is reporting a net return of 5.6 per cent for 2023, with net assets increasing to $77.4 billion. The investment organization’s year-end report found public equities returned 18 per cent in 2023, followed by global credit (7.7 per cent), fixed income (5.9 per cent), private equity (5.7 per cent), […]

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Where do Canadian institutional investors stand on calls for increased domestic investments?

bmcgovern — Thu, 04 Apr 2024 13:00:53 +0000

A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]

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Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator

bmcgovern — Mon, 01 Apr 2024 19:00:47 +0000

The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

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Ontario continues work on infrastructure bank, target-benefit pension plan framework

bwolfe — Wed, 27 Mar 2024 19:00:26 +0000

In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank, renamed the Building Ontario Fund, was announced in the province’s 2023 fall economic statement and will support the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and […]

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