The Alberta Investment Management Corp. and the Caisse de depot et placement du Quebec both beat benchmark index returns for the first half of 2021. As of June 30, 2021, the AlMCo earned a year-to-date total fund return of 7.3 per cent, surpassing its benchmark by 3.5 per cent, according to a press release. “Client portfolios […]
The number of institutional investors using thematic sustainable investment strategies grew by about 20 per cent between 2016 and 2020, according to a new study by the U.K.-based data and analytics firm Coalition Greenwood. Sustainable thematic investment strategies are ones that target areas of investment where social or environmental needs create business opportunities. According to […]
The Canada Pension Plan Investment Board is investing in a German ceramics manufacturing business. The CPPIB joined the U.K.-based alternative investment management group BC Partners to jointly acquire CeramTec. For its 50 per cent share in the company, the pension fund paid €800 million ($1.18 billion). Read: CPPIB investing in oilfield drilling company, Caisse in SAP […]
After the market rollercoaster ride of 2020, investors’ expectations have shifted considerably, and many are now looking for returns of 10.6 per cent above inflation from their investments in 2021, fuelling speculation that many employees may want to retire early, according to Eckler Ltd.’s latest capital accumulation plan income tracker. Indeed, the report noted rising […]
The University Pension Plan is naming Christophe L’Ahelec the director of its external manager program. L’Ahelec, who advised the UPP on the implementation of its investment activities in the months leading up to the plan’s launch in July, previously served as a senior principal at the Ontario Teachers’ Pension Plan. In that role, he was […]
The Canada Pension Plan Investment Board is investing about $12.825 million in common shares of a Calgary-based oil and gas infrastructure service provider. The pension plan purchased common shares in CWC Energy Services Corp. from a third-party investment fund that represents about 17 per cent of total equity. The transaction comes as the CPPIB faces scrutiny […]
Willis Towers Watson is selling its global reinsurance business, Willis Re, to Arthur J. Gallagher & Co. for US$3.25 billion. The transaction is set to close by the end of the first quarter of 2022 and there’ll be an earnout payable in 2025 of up to US$750 million in cash, subject to certain adjustments. Read: […]
The Financial Services Regulatory Authority of Ontario is seeking feedback on proposed guidance detailing how and when it publishes information about enforcement proceedings and investigations, including those related to pension plans and administrators. According to the draft guidance, this includes the use of news releases and public postings of enforcement actions on the FSRA’s website […]
The vast majority (95 per cent) of Canadian employers said enhancing the employee experience is a top priority, compared to just 61 per cent that said the same prior to the coronavirus pandemic, according to a new survey by Willis Towers Watson. The survey also found a positive employee experience is a key driver of […]
The Investment Management Corp. of Ontario is naming Rossitsa Stoyanova as its next chief investment officer. The announcement comes just weeks before the organization’s current CIO Jean Michel, who announced plans to leave this spring, is scheduled to depart. Stoyanova will officially succeed Michel on Sept. 11, 2021. Stoyanova was previously a managing director and […]