The Canadian Pension Plan Investment Board is entering a co-investment partnership with the Government of Singapore Investment Corp. and Boston Properties Inc. to acquire $1 billion in office properties. The CPPIB and Boston Properties will each invest $250 million in the venture, which will target offices in Boston, Los Angeles, New York, San Francisco, Seattle and […]
Almost three-quarters (73 per cent) of Canadian employees said they believe their employers perform strongly on social issues, such as health and safety or equity for women and people of colour, according to a new survey by Leger on behalf of Argyle Public Relationships Inc. The survey, which polled nearly 1,000 working Canadians, found 70 […]
Group Health Group Holdings Inc. is acquiring a minority interest in CDAT Software Inc., the British Columbia-based maker of Oliver benefits administration software. In June, GroupHEALTH acquired a 75 per cent stake in Canadian Benefits Investment & Insurance Group Inc., a B.C.-based provider of group benefits and wealth management services. And in March, Germany-based Munich Re announced […]
The Canada Life Assurance Co. is acquiring ClaimSecure Inc., a health-care management firm that provides health and dental claim management services. The acquisition increases the number of plan members served by Canada Life by 1.25 million individuals, including plan members and their dependants, with annual claims payments of more than $1.2 billion, according to a […]
The Canada Pension Plan Investment Board is investing $1 billion in Amazon.com Inc.’s chief rival in the Indian e-commerce sector. The Flipkart Group, which was founded in 2007, boasted the largest share of India’s e-commerce market in 2020, significantly ahead of its closest rival Amazon. The CPPIB investment is part of a total US$3.6 billion funding round for […]
The coronavirus pandemic has increased health-care costs in the U.S., while shifting how and where employees access care, according to a new report by PricewaterhouseCoopers. It projected that the costs of medical treatment in the U.S. will increase by 6.5 per cent in 2022, slightly lower than this year (seven per cent). “The pandemic’s long […]
The funded position for an average Canadian defined benefit pension plan improved slightly on both a solvency and accounting basis in June, according to a new report by LifeWorks Inc. (formerly Morneau Shepell Ltd.) The average solvency ratio was 109.3 per cent in June, compared to 108.2 per cent in May. On an accounting basis, the average […]
The Canada Pension Plan Investment Board has reached a deal to sell half of its shares of a Washington-based energy company to the Ontario Teachers’ Pension Plan. According to the terms of the deal, the CPPIB will sell half of its 31.6 per cent stake in Puget Holdings to the Ontario Teachers’ and the other […]
The Alberta Investment Management Corp. is appointing James Barber as executive vice-president of public equities, effective July 14. He joins the AIMCo from AMP Investment Partners, where he was co-founder and managing partner. Previously, Barber served as chief investment officer of equities at Russell Investments and held roles at SEI Investments Co. in the U.K. […]
The University of Toronto Asset Management Corp. is appointing Chuck O’Reilly as its next president and chief investment officer. O’Reilly, the UTAM’s senior portfolio manager and head of public equities, is replacing Daren Smith, who held both roles at the $13-billion pension, assets and endowment fund since 2016. Prior to joining the UTAM in 2011, […]