The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark. As of Dec. 31, 2023, the AIMCo’s total clients assets under management were $160.6 billion, compared  to $158 billion in 2022. Its balanced fund generated a net return of eight […] The post AIMCo returns 6.9% in 2023, driven by equities, fixed income appeared first on Benefits Canada.com ..read more

The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The Ontario Teachers’ acquired the senior luxury residence operator in 2015 through a transaction by its subsidiary BayBridge Seniors Housing Inc., which includes more than 30 assets in British Columbia and Ontario. […] The post Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture appeared first on Benefits Canada.com ..read more

A group of institutional investors is voicing concerns about the rise of virtual-only shareholder meetings they say risk eroding shareholder democracy. In an open letter released Thursday, the coalition of 38 investors led by the B.C. General Employees’ Union called on S&P/TSX 60 companies to publicly disclose how they’ll ensure shareholders’ statutory and common law […] The post Virtual-only meetings erode shareholder democracy: institutional investor group appeared first on Benefits Canada.com ..read more

A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Organon launching initiative to support women’s career, health journey in the workplace 2. Survey finds 38% of Canadian employees […] The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com ..read more

The Colleges of Applied Arts and Technology pension plan saw a net return of 9.5 per cent for 2023, with net assets of $20.1 billion, up from $18.2 billion in 2022, according to its latest annual report. As of Jan. 1, 2024, the investment organization maintained a healthy funding level of 124 per cent on a going-concern […] The post CAAT returns 9.5% for 2023, led by global, emerging market equities appeared first on Benefits Canada.com ..read more

In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […] The post Feds seeking to boost domestic investments by Canadian institutional investors: budget appeared first on Benefits Canada.com ..read more

In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […] The post FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan appeared first on Benefits Canada.com ..read more

Data centres are becoming an important asset for institutional investors seeking to diversify their real estate portfolios. The data centre asset class was valued at an estimated US$301.8 billion as of 2023, according to researcher P&S Intelligence, which also noted the value is expected to increase to US$622.4 billion by the end of 2030. Indeed, […] The post Demand for data centres rising as institutional investors seek to diversify real estate portfolios: expert appeared first on Benefits Canada.com ..read more

The Caisse de dépôt et placement du Québec is reporting $53 billion in low-carbon assets, including $15 billion in Quebec, representing an overall increase of $35 billion in low-carbon assets since 2017, according to the investment organization’s latest sustainable investing report. It found the investment organization has more than $330 billion in assets with a […] The post Caisse reports more than $53 billion in low-carbon assets appeared first on Benefits Canada.com ..read more

The Canada Pension Plan Investment Board is expanding the role of its wholly owned subsidiary Reventus Power as its dedicated global offshore wind platform. The investment organization will consolidate its existing direct and indirect offshore wind holdings into Reventus Power to build on the business’ existing global footprint and support the sector’s significant growth opportunities. To […] The post CPPIB expands role of global offshore wind platform appeared first on Benefits Canada.com ..read more