The Ontario Teachers’ Pension Plan is investing in an Australian insurance distribution company. The pension fund acquired a 33.4 per cent stake in Greenstone and is now an investor alongside the Caisse de dépôt et placement du Québec, which first invested in the Australian company in 2016. Read: AIMCo investing in Australian agriculture firm, CPPIB in […]
Governance-related resolutions are receiving more overall votes from defined contribution pension plan members, but environmental issues are more engaging on a vote-per-measure basis, according to a new survey by two U.K.-based organizations. The study, by asset management firm Legal and General Investment Management Ltd. and fintech company Tumelo, found measures related to all levels of […]
The Alberta Teachers’ Retirement Fund said its new agreement with the Alberta Investment Management Corp. is aligning the best interests of both organizations, following several months of negotiations. According to a press release from the Alberta Teachers’, the agreement ensures the teachers’ board maintains full control over the strategic investment policy for the pension plans’ […]
Microsoft Corp. is pushing back its return-to-office date in the U.S. indefinitely amid rising uncertainty due to the ongoing coronavirus pandemic. While the technology company had originally planned to reopen its Redmond, Wash., headquarters and other U.S. offices on Oct. 4, those plans have “shifted,” according to a company blog post written by Jared Spataro, […]
The Ontario Teachers’ Pension Plan is appointing entrepreneur and venture capitalist Avid Larizadeh-Duggan to serve as the managing director of its Teachers’ Innovation Platform in Europe, the Middle East and Africa. In the new role, Larizadeh-Duggan will lead efforts to focus the platform on late-stage venture and growth equity investments in leading-edge technology companies based […]
The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the 20 largest pension funds in the world in terms of assets under management, according to a new report from the Thinking Ahead Institute. The not-for-profit investment research organization’s report, which was based on figures from the end of 2020, ranked […]
The Alberta Investment Management Corp. has reached an investment management agreement with the Alberta Teachers’ Retirement Fund Board following a protracted period of negotiation. The agreement will see the Alberta Teachers’ assets, valued at $19.1 billion in its 2020 annual report, transferred to the custody of the AIMCO. According to Rod Matheson, the Alberta Teachers’ […]
Nearly four in 10 (39 per cent) U.S. employers said they don’t expect their organization will return to the workplace and end coronavirus pandemic-related policies and programs until the second quarter of 2022, according to new a survey by Willis Towers Watson. The survey, which tracked more than 900 American employers’ coronavirus pandemic reopening and vaccination […]
The Toronto Transit Commission Pension Plan is naming Anthony Tang as its portfolio manager of public markets. In the new role, Tang will oversee about 39 per cent of the $8-billion plan’s total assets under management. As of its most recent investment report, published in 2020, the TTC’s pension plan had about $3.12 billion under […]