The Canada Pension Plan Investment Board is investing US$425 million in an Indian content technology platform company. Following an initial equity investment of US$50 million in VerSe Innovation Private Ltd.’s previous funding round, the CPPIB was a lead investor in the latest round with a further US$375 million. Founded in 2007, the organization operates Dailyhunt, […]
While Quebec’s Auditor General Guylaine LeClerc says the Caisse de Dépôt et Placement du Québec’s exposure to international and private markets is increasing fraud and corruption risks, the institutional investor is describing its strategy as “essential.” “Diversification, both in terms of geography and asset classes, is essential to meet the return needs of our depositors over […]
The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. New multi-employer pension plan coming for incorporated physicians 2. Employees want flexible working, better benefits to return to workplace: survey 3. After a strong 2021, […]
The Healthcare of Ontario Pension Plan generated an 11.28 per cent return in 2021, led by its public and private equity portfolios. “It was a strong year — we had a return of 11.28 per cent and hit an all-time high for our assets,” says Jeff Wendling, the pension fund’s president and chief executive officer. […]
The Ontario Teachers’ Pension Plan investments returned 11.1 per cent in 2021, with its result driven by the strong performance of its private equity portfolio. The Ontario Teachers’ total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. Its private equity portfolio returned 29.9 per cent for […]
With today marking the second anniversary of the coronavirus pandemic, it isn’t surprising that a pair of articles on the pandemic’s lasting impact were among the most read stories over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Two years later: Canada’s DB, DC pension plans weathering the […]
The Caisse de dépôt et placement du Québec’s venture capital hub is partnering with seven venture capital funds representing $8.6 billion in assets under management. Espace CDPQ, which targets innovative businesses in the credit sector, will partner with five Canadian firms — Accelia Capital, Amplify Capital, BKR Capital, Fonds Ecofuel and Framework Venture Partners — […]
The OPSEU Pension Trust is reporting a net investment return of 15.3 per cent for 2021, a result driven by strong private equity performance. In its 2021 funded status report, the OPTrust said its private equity portfolio generated a net return of 52.2 per cent. By comparison, public equities provided a net return of 12.9 […]
In response to the ongoing conflict between Russia and Ukraine, the Alberta Investment Management Corp. and the British Columbia Investment Management Corp. are divesting from Russian assets. “As Alberta’s investment manager, this decision is both values- and value-driven,” said a press release. “It reflects a change in the price of geopolitical risk and sustained impairment […]
The Ontario Municipal Employees Retirement System returned 15.7 per cent for 2021, a significant increase on its 2020 return. In its annual report, the OMERS said four key factors drove the outperformance relative to its benchmark, which was 6.6 per cent — its portfolio of public equities returned 20.7 per cent; its private equity businesses grew […]