Uncategorized – Benefits Canada.com

Ontario Teachers’ selling stake in Irish national lottery operator, Caisse repurchasing shares in Couche-Tard

Jennifer Paterson — Thu, 03 Aug 2023 14:00:01 +0000

The Ontario Teachers’ Pension Plan is entering into a definitive agreement to sell its majority shareholding in Ireland’s national lottery operator. The pension fund is selling Premier Lotteries Ireland Ltd., which is headquartered in Dublin, to La Française des Jeux, a lottery and online gaming operator for an undisclosed amount. As part of the transaction, PLI’s other […]

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Navacord, Belay Advisory partnering to expand national presence

lbailey — Fri, 14 Jul 2023 17:36:42 +0000

Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]

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Oxford Properties acquiring Banff hotel; OMERS, CPPIB funding Indian infrastructure acquisitions

Gideon Scanlon — Tue, 20 Jun 2023 16:30:58 +0000

The Ontario Municipal Employees’ Retirement System’s real estate arm is jointly acquiring a hotel in Banff National Park, Alta., alongside Accor, a French hospitality business. Oxford Properties Group and its partner will acquire the Rimrock Resort Hotel, a 333-room hotel in the Bow Valley. It’s the first hotel the real estate investor has acquired since […]

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University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

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PSP Investments returns 4.4% led by infrastructure investments

Gideon Scanlon — Thu, 08 Jun 2023 16:30:01 +0000

The Public Sector Pension Investment Board is reporting a net return of 4.4 per cent for fiscal 2023. As of March 31, 2023, the investment organization had $243.7 billion in net assets under management, up 5.7 per cent from $230.5 billion at the end of the previous fiscal year. It also reported a 10-year annualized […]

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2023 GIC coverage: Saving the global economy from conventional thinking

Gideon Scanlon — Tue, 06 Jun 2023 11:59:39 +0000

If Irish economist David McWilliams is to be believed, overconfident fools are tampering with the global economy. “If I were an American, Canadian or — God forbid — a British economist, . . . I’d come here today armed with graphs and charts and all that malarkey,” he said during the keynote session at the […]

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2023 GIC coverage: The good, the bad and the ugly sides of regime shifts

Gideon Scanlon — Tue, 06 Jun 2023 11:55:28 +0000

“Let me start by pointing out the obvious: the last few years have been exhausting,” said Mina Krishnan, multi-asset portfolio manager at Schroders, during a session on regime shifts at the Canadian Investment Review’s 2023 Global Investment Conference. “We’ve had the [coronavirus] pandemic, the war in Ukraine, the energy crisis and Brexit.” As a result […]

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CPPIB’s annual report greenwashing investment strategies, says watchdog

Gideon Scanlon — Thu, 01 Jun 2023 16:30:40 +0000

The Canada Pension Plan Investment Board’s latest annual report greenwashes its investment strategies, according to Shift Action for Pension Wealth and Planet Health. “[A close reading] of its 2023 annual report shows Canada’s national pension manager continues to obscure its exposure to and prolongation of the fossil fuel economy while failing to understand that its […]

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AIMCo acquiring stake in Calgary-based geothermal energy subsidiary

Gideon Scanlon — Tue, 23 May 2023 16:30:44 +0000

The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]

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