Pensions
Alberta Threatens Breakaway From Canada Pension Plan
Provincial leaders want more independence from the federal government and commissioned a report to study potential financial terms of a separate fund.
Tag: Canada
Pensions
Ontario Teachers’ Pension Plan CIO Ziad Hindo to Step Down at Year’s End
The C$249.8 billion pension fund has named Stephen McLennan acting head of investments.
Asset Allocation
CDPQ Reports 4.2% Return for 1H 2023
Canada’s second-largest pension fund raised its portfolio’s asset value to C$424.2 billion.
Asset Allocation
Ontario Teachers’ Pension Reports 1.9% Return for 1H 2023
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
Risk
CPPIB Loses 0.8% in Q1 Fiscal 2024
Despite the investment loss, net transfers helped raise the Canadian pension giant’s asset value to C$575 billion.
Pensions
Fully Funded Status of Canadian DB Plans Keeps Rising in Q2
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
Newsmakers
Ontario Teachers’ Pension Taps New Asia-Pacific Head
Bruce Crane has managed the Canadian pension fund’s infrastructure and natural resources investments in the region since 2020.
Asset Allocation
PSP Investments Reports 4.4% Return in Fiscal 2023
The Canadian pension investment manager raised its net AUM to $182.3 billion.
Pensions
Canadian Pension IMCO Loses 8.1% in 2022
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
Regulation
Canada Passes Pension Bankruptcy Protection Bill
Bill will make plan members top priority when a company becomes insolvent.
Asset Allocation
Ontario Pension to Invest Nearly $17 Billion in Green Investments by 2030
The strategy is part of Healthcare of Ontario’s plan to get its portfolio to net-zero greenhouse gas emissions by 2050.
Asset Allocation
CPPIB, Silver Lake Acquire Qualtrics for $12.5 Billion
Canadian pension giant and private equity firm will buy out SAP’s majority stake for $18.15 per share.
Pensions
Fixed Income Weighs Down CDPQ to 5.6% Loss in 2022
Canada’s second-largest pension blames loss on “worst simultaneous stock and bond market correction” in half a century.
Manager Selection
CPPIB Names Jon Webster COO
Canadian pension giant also taps Maximilian Biagosch as global head of real assets.
Pensions
Canadian DB Pension Plans Lost Estimated 10.3% in 2022
The median loss was the highest reported since the 2008 financial crisis.