The Ontario Teachers’ Pension Plan is acquiring a 40 per cent stake in Caruna, Finland’s largest electricity supplier. The pension will acquire a 20 per cent stake in the utility from First Sentier Investors and in a separate transaction, the Ontario Teachers’ and investment firm KKR & Co. Inc. will jointly acquire a 40 per cent holding […]
Canada’s largest pension plans are reporting mixed financial results from a year marked by the coronavirus pandemic. The Caisse de dépôt et placement du Québec reported a 7.7 per cent return on its depositors’ funds in 2020, representing $24.8 billion in investment results. As at Dec. 31, 2020, the Caisse’s net assets totalled $365.5 billion, up […]
Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]
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 […]
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 […]
Scotiabank is renewing its lease for up to 1.1 million square feet of space in two buildings, including the iconic Scotia Plaza, located in the heart of downtown Toronto, which is owned and operated by the Alberta Investment Management Corp. and KingSett Capital Inc. The bank has renewed 560,000 square feet of space in Scotia […]
The Canada Pension Plan Investment Board is one of three investors entering a partnership with real estate developer SKR to develop, own and operate a purpose-built rental multi-family project in São Paulo, Brazil. The 220-unit mixed-use project is expected to be completed in 2023, according to a press release. Other investors include Cyrela Brazil Realty […]
The Canada Pension Plan Investment Board is forming a joint venture with Greystar Real Estate Partners to pursue multi-family real estate development opportunities in target markets in the U.S. The CPPIB has invested US$350 million in equity to the joint venture for a 90 per cent stake and Greystar has allocated US$39 million for the remaining 10 per cent. Greystar will manage […]
A rally on the stock market in the fourth quarter helped boost the strength of Canadian defined benefit pension plans to end 2020, according to a new report by Mercer Canada. The consulting firm said its pension health index, which represents the solvency ratio of a hypothetical DB plan, rose to 114 per cent at […]
The Caisse de dépôt et placement du Québec is investing an additional US$1 billion in Invenergy Renewables, a developer and operator of wind and solar projects across North America. The commitment, in the form of new investment facilities, will support Invenergy’s expanded development activities and continued growth, according to a press release. The Caisse began […]