UTAM – Benefits Canada.com

U of T pension assets grew by 4.7 per cent in the first half of 2021: UTAM report

Gideon Scanlon — Tue, 05 Jul 2022 16:15:25 +0000

The pension plan for the faculty and staff of the University of Toronto grew from $6.3 billion to $6.6 billion in the first six months of 2021. For the second half of the year, the assets were officially in the custody of the University Pension Plan, though the day-to-day management of portfolios remained UTAM’s responsibility well into […]

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UTAM committing to fully divesting from fossil fuels by 2030

mdunne — Thu, 28 Oct 2021 13:00:18 +0000

The University of Toronto is the latest institution committing to the divestment movement, saying Wednesday it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate change. The commitment by its investment manager, the University of Toronto Asset Management Corp., includes divesting from all direct investments […]

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UTAM naming Chuck O’Reilly as new president, CIO

Gideon Scanlon — Tue, 06 Jul 2021 19:00:30 +0000

The University of Toronto Asset Management Corp. is appointing Chuck O’Reilly as its next president and chief investment officer. O’Reilly, the UTAM’s senior portfolio manager and head of public equities, is replacing Daren Smith, who held both roles at the $13-billion pension, assets and endowment fund since 2016. Prior to joining the UTAM in 2011, […]

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UTAM posts 11.7% pension return for 2020

bwolfe — Wed, 05 May 2021 13:00:25 +0000

The University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a press release, the UTAM said while the pension return matched that of its benchmark reference portfolio, endowments underperformed by 0.2 per cent. However, it noted long-term performance of the portfolios […]

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Holding company backed by Caisse, Ontario Teachers’ making first acquisition, CPPIB investing in Brazil water infrastructure

bwolfe — Thu, 25 Mar 2021 05:00:23 +0000

An insurance holding company backed by the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan is making its inaugural transaction, valued at US$1 billion. Constellation Insurance Holdings Inc. will acquire Ohio National Mutual Holdings Inc. and its wholly-owned subsidiary Ohio National Financial Services Inc., a deal that includes both member […]

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Learn more about the Sustainable Investing Award finalists

mschmit — Wed, 25 Nov 2020 09:23:19 +0000

The Canadian Investment Review’s Sustainable Investing Award will be presented to a pension plan that has shown leadership and/or significant progress when it comes to incorporating sustainability into the investment process. This will consider sound practices related to environmental, social and governance matters across asset classes and can include considerations related to people management within […]

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UTAM making progress toward goals on climate change

mschmit — Fri, 30 Oct 2020 11:15:09 +0000

The University of Toronto Asset Management Corp. is making significant progress toward its goals on climate change, according to its fourth annual responsible investing report. In terms of its goal to reduce the carbon footprint of its pension and endowment portfolios by at least 40 per cent compared to 2017 levels by the end of 2030, […]

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Pension Leadership Award finalists announced

mschmit — Wed, 14 Oct 2020 04:13:17 +0000

The Canadian Investment Review launched the first annual Pension Leadership Awards in 2020 to recognize and award leading plan sponsors across several categories who are on the leading edge of pension investments. Over the past few months, a panel of expert judges has reviewed the nominations. We are pleased to announce the finalists for this […]

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Canadian pension plans sign new investor statement on diversity and inclusion

mschmit — Thu, 01 Oct 2020 04:32:33 +0000

Canadian institutional investors representing more than $2.3 trillion in assets under management have signed a new statement on diversity and inclusion. The list of signatories on the joint statement, which was coordinated by the Responsible Investment Association, includes the Alberta Investment Management Corp., Bâtirente, the British Columbia Investment Management Corp., the Caisse de dépôt et […]

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UTAM included in ILPA’s ESG best practices compilation

mschmit — Tue, 30 Jun 2020 03:12:34 +0000

The Institutional Limited Partners Association has included the University of Toronto Asset Management Corp. in its environmental, social and governance roadmap and resources compilation. “Comprised of best practices that limited partners can consider implementing to advance ESG efforts at their organizations, the roadmap promotes the sharing of initiatives and resources on a global basis,” the […]

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