When two U.S. banks failed this month, among the investors who lost millions were U.S. public sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. Since the pension funds are diversified investors whose holdings in Silicon Valley Bank and Signature Bank were small portions of their portfolios, experts aren’t […]
The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in February, according to a new report by Telus Health. During the month, the solvency of the average DB pension plan dipped by 0.7 per cent, falling to 101.3 per cent. The […]
The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the value of the initial investment. The move follows a restructuring agreement that provides Orpea Groupe’s bondholders with control of the majority of its equity. As part of the terms, other […]
The market value of assets held by Canadian trusteed pension funds rose 2.3 per cent in the third quarter of 2022, hovering around $2.1 trillion, according to a new report by Statistics Canada. Public sector plan assets rose 2.7 per cent to $1.7 trillion, while private sector assets increased by 0.6 per cent to $420.9 billion. The report also […]
The answer is complicated because environmental, social and governance investing is a relatively new risk, not all ESG factors are material for every industry and the return profile ultimately depends on whether a policy successfully incorporates material factors into investment decisions. Chris Reynolds, manager of pension policy at Canada Post Corp. ESG investing, often referred […]
The OPSEU Pension Trust finished 2022 with net assets of $24.642 billion, down 2.2 per cent from the previous year, according to its latest annual results. “The most important thing is the funded status, which is at 100 per cent,” says Peter Lindley, president and chief executive officer of the OPTrust. “I think it’s quite […]
Shift Action for Pension Wealth and Planet Health is describing the Canada Pension Plan Investment Board’s acquisition of a significant stake in one of California’s largest oil producers as “alarming.” “These claims are alarming as none of the technologies mentioned offer credible pathways for meaningfully reducing Aera’s carbon emissions quickly enough or aligning Aera with CPPIB’s net-zero […]
What’s the right definition of risk in financial markets? Finding the answer to this question has become even more important because the number of retail traders is at a record high. Over the past 10 years, between 10 per cent and 15 per cent of all U.S. trades have come from retail accounts. So far […]
The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. The Fitzrovia DevCore Fund, which is the first fund set up by Fitzrovia Real Estate Inc., targets properties close to public transit and proximate to major centres of employment in Toronto and […]
The Ontario Municipal Employees’ Retirement System’s assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. “Our significant allocations to private investments and focus on short-term credit over long-term bonds protected OMERS from the worst period of market losses incurred by investors since the 2008 global financial crisis,” said […]