The Caisse de dépôt et placement du Québec is participating in a $225 million Series D funding round of AlayaCare, a Montreal-based at-home health-care software provider. The company’s artificial intelligence-based software is used by more than 500 health-care organizations around the world. In the past two years, it’s seen its U.S.-based business grow seven-times over. […]
The Pension Investment Association of Canada is urging the U.S. Securities and Exchange Commission to adopt new rules mandating enhanced disclosures of climate risks and other environmental, social and governance factors. In a letter submitted by Natasha Trainor, PIAC’s chair, the association said it supports regulatory proposals that would require businesses to disclose more information on […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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” […]