Public Equities Spur 10.2% Return for University Pension Plan Ontario in 2023
The asset class gained 19.5% for the UPP investment portfolio after losing 14.1% a year earlier.
The asset class gained 19.5% for the UPP investment portfolio after losing 14.1% a year earlier.
Emond, who became CEO in 2020, will remain until at least February 2029.
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
The Canadian pension giant is integrating Ivanhoé Cambridge and Otéra Capital, also announcing the April departure of Ivanhoé Cambridge CEO Nathalie Palladitcheff.
Interest rates and market volatility continue to pose a significant risk for many plans.
The Colleges of Applied Arts and Technology Pension Plan also identified a widening pension gap between generations.
Cherki will oversee a team of 40 and manage the pension fund’s C$29.3 billion real estate portfolio.
The pension giant also sold a buyout fund portfolio for C$2 billion and German wind assets for C$374 million.