The Canada Pension Plan Investment Board is appointing Ben Meng as managing director and head of investment portfolio management, effective immediately. Most recently, Meng was executive vice-president, chair of Asia-Pacific and the executive sponsor of sustainability at Franklin Templeton. Prior to that, he was chief investment officer at the California Public Employees’ Retirement System. Read: […]
Institutional investors are looking for bond dealers to invest more in increased automation supported by more data and more application programming interfaces, according to a new survey from Coalition Greenwich. The survey, which polled 67 buy-side corporate bond traders located in the U.S. and Europe, found nearly half (47 per cent) want to see improved […]
The OPSEU Pension Trust is reporting a return of 9.6 per cent in 2024, according to its latest year-end report. It found, as at Dec. 31, 2024, the plan’s net assets stood at $26.8 billion, up from $25 billion in 2023. The organization also reported a funded status of 100 per cent for the 16th […]
While more than two-thirds of global companies say they’ve implemented a formal policy requiring employees to be in the office for a minimum number of days each week, fewer than five per cent of organizations say they completely prohibit remote work, according to a new survey by WTW. It found most companies require employees to […]
The Healthcare of Ontario Pension Plan is reporting a 9.7 per cent return as at Dec. 31, 2024, with net assets increasing to $123 billion, up from $112.6 billion in 2023. Public equities (17.9 per cent) and private equities (17.9 per cent) accounted for the highest returns in 2024 within the HOOP’s portfolio. Infrastructure (12.3 […]
Between 2018 and 2023, prescription drug expenditures in private drug plans grew at a compound annual growth rate of 7.1 per cent, according to a new report by the Patented Medicine Prices Review Board. It found in 2023, prescription drug expenditures for private plans rose by 12.9 per cent, returning to the pre-pandemic growth trend. […]
Canadian government bond yields declined further in February based on the impact to growth from tariff policy from the U.S. on Canadian exports materializing, according to a new report from FTSE Russell. Tariff risk is weighing down the entire Canadian segment including government bonds and Canadian credit. However, the risk that reciprocal tariffs may push […]
Rio Tinto Group is appointing Ayman Alvi as general manager of benefits. Alvi was previously vice-president of global pension and benefits at Scotiabank. Prior to that, he was a senior manager and consulting actuary at KPMG in Canada, a manager at PricewaterhouseCoopers, an actuarial associate at WTW and a senior pension specialist at Fidelity Canada. […]
The Ontario Teachers’ Pension Plan’s venture growth arm is leading a US$175 million Series F investment round for artificial intelligence, data and analytics software company Quantexa. The latest funding round, which gives the U.K.-based company a valuation of $2.6 billion, also includes existing investor British Patient Capital. Ara Yeromian, managing director at the Teachers’ Venture […]
More than half (55 per cent) of Canadian women employees say hybrid working has given them opportunities at work they wouldn’t have otherwise had, according to a new survey by International Workplace Group. The survey, which polled more than 500 women, found two-fifths (42 per cent) said that hybrid working arrangements have empowered them to […]