The Ontario Municipal Employees’ Retirement System is appointing Alexander Fraser as executive vice-president and global head of private equity, effective March 17. He’ll succeed Michael Graham, who retired from the position earlier this year, and will oversee the OMERS’ global private equity business, which manages roughly $27.5 billion in assets. Most recently, Fraser was a […]
The Public Sector Pension Investment Board is buying a 7.51 per cent ownership stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. The price for the strategic stake in the Greater Toronto Area highway asset will cost roughly $2.39 billion payable at closing and a deferred payment to be made […]
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. […]