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Ontario Teachers’ investing in online education platform, plant-based food development company

The Ontario Teachers’ Pension Plan has raised $375 million in a series D funding round for Applyboard Inc., an online platform that connects students to teachers in virtual classrooms around the world. Read: Ontario Teachers’ investing in legal tech company, supporting franchise operator’s expansion Founded in 2015, the Kitchener, Ont.-based education company is now valued at […]

  • June 17, 2021 June 17, 2021
  • 12:30

U.S. public sector pension retains top executives despite trustee revolt

Two executives at the Pennsylvania-based Public School Employees Retirement System have survived an effort by trustees to oust them from their positions due to investment underperformance. On June 11, PSERS’ executive director Glen Grell and chief investment officer James Grossman were spared being put to a vote of no confidence after the vote was removed […]

  • June 15, 2021 June 15, 2021
  • 11:00

Canadian pension funds calling for co-ordinated world response to climate crisis

A number of Canadian institutional investors, including the British Columbia Investment Management Corp., the British Columbia Municipal Pension Plan, the Caisse de dépôt et placement du Québec and the Investment Management Corp. of Ontario, are among 457 signatories of a statement calling on governments around the globe to take accelerated action to combat the climate […]

  • June 15, 2021 June 15, 2021
  • 09:00

OMERS in equity funding for Swedish battery manufacturer

The Ontario Municipal Employees Retirement System is co-leading a US$2.75 billion ($3.3 billion) private placement to raise equity for Northvolt, a Swedish battery maker. Alongside the OMERS, four Swedish public sector pension funds, Goldman Sachs Asset Management and the Volkswagen Group also co-led the private placement. According to a press release, the equity injection will […]

  • June 14, 2021 June 14, 2021
  • 08:45

81% of investment industry employees want hybrid work model after pandemic: survey

A majority of employers and employees in the investment industry want flexible working arrangements to continue post-coronavirus pandemic, according to a new survey by the Chartered Financial Analyst Institute. The survey, which polled more than 4,600 global investment professionals, found 81 per cent of respondents said they’d like to work remotely at least part of the […]

  • June 1, 2021 June 2, 2021
  • 15:00

CUPE seeking third-party review of OMERS following 2020 investment losses

The Ontario arm of the Canadian Union of Public Employees is seeking a third-party review of the Ontario Municipal Employees Retirement System’s investment strategies, returns and internal performance after the pension fund reported billions of dollars in losses for 2020. The report looked into how the OMERS — which counts 125,000 Ontario CUPE members among […]

  • May 25, 2021 May 31, 2021
  • 11:00

Aon, Willis Towers Watson selling some assets to Gallagher on way to merger

Aon and Willis Towers Watson have reached an agreement to sell Willis Re and a set of Willis Towers Watson’s corporate risk and broking, as well as health and benefits services, to Arthur J. Gallagher & Co. for $US3.57 billion. The agreement resolves questions raised by the European Commission and is intended to address certain […]

  • May 13, 2021 May 19, 2021
  • 15:00

Employees working harder, more loyal to employers amid pandemic: survey

While the coronavirus pandemic has caused elevated workloads and exhaustion among employees, it’s also resulted in improved loyalty to employers and a stronger sense of purpose in the workforce, according to a new survey by KPMG in Canada. It found 49 per cent of Canadian full-time employees had a workload that was “much or somewhat more” […]

  • April 28, 2021 April 28, 2021
  • 15:00

BCI developing climate-change, decision-making tools for institutional investors

The British Columbia Investment Management Corp. is partnering with the University of Victoria-led Pacific Institute for Climate Solutions to co-develop decision-making tools and frameworks for integrating climate change risk evaluation and climate mitigation opportunities into investment portfolios. “Acting in the best financial interests of our clients requires us to think long-term about the opportunities and […]

  • April 28, 2021 April 28, 2021
  • 09:00

Employee mental health top well-being issue for 72% of Canadian employers: survey

Employee mental health is the top well-being issue in Canada, according to 72 per cent of employers, surveyed for Aon’s 2021 global well-being survey. Work-life balance followed closely behind at 69 per cent, followed by burnout (52 per cent), virtual work environment and working environment/culture (both at 39 per cent), as the top well-being issues […]

  • April 26, 2021 April 26, 2021
  • 09:00