The Alberta Investment Management Corp. is backing an acquisition deal that will see Singapore-based Cyan Renewables buy Australian offshore marine services provider MMA Offshore Ltd. in a deal worth U.S.$714 million. According to a press release, the AIMCo participated in the acquisition through its investment in Cyan. MMA shareholders stand to obtain a 31 per […]
Liquidity status is helping some of Canada’s biggest pension funds meet the challenges of a volatile investment market thanks to exceptional liquidity status, according to a new report by Fitch Ratings Inc. The report, which compared the credit ratings and portfolios of seven of the largest Canadian pension funds with approximately $2.1 trillion in net […]
The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the second quarter of 2024 and nine per cent since the start of the year to 126 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans rose […]
Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according to a new report by Coalition Greenwich. The study, based on interviews more than 150 of the largest tax-exempt funds in Canada, found in 2023, these investors reported that, on average, six […]
The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to a report by Mercer. The report, which tracked 450 DB pension plans, found the median solvency ratio was 118 per cent, as at June 28, 2024, the same as at […]
The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5 per cent the previous fiscal year, according to its latest annual report. The report, which reflects the results from the investments of its six largest pension clients — the BC Hydro Pension […]
A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]
While many of the investment strategies and resources at the disposal of the Maple 8 — Canada’s eight largest public pension plans that represent more than $2.1 trillion in assets under management — are out of reach for medium- and small-sized plan sponsors in the country, the path carved by the most sophisticated investment organizations […]
Chelsea Kittleson joined British Columbia’s Municipal Pension Plan at a time of change for the investment organization. The MPP’s executive director, who joined the plan sponsor in November 2023, has used her investment and operations background to implement and oversee a three-year strategic plan that includes long-term sustainable investment goals. Read: B.C. Municipal Pension Plan appointing […]
A majority (77 per cent) of Tesla Inc. shareholders voted in support of restoring the landmark US$44.9 billion all-stock pay package for chief executive officer Elon Musk, despite public calls against the compensation by a pension fund and a sovereign wealth fund, according to a report by the Associated Press. The shareholder vote, held at […]