January 2020

24Jan

Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds

Morneau Shepell (MSI.TO) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the fourth quarter and for year 2019. According to the report, in the fourth quarter of 2019, diversified pooled fund managers posted a median return of 2.6 per cent before management fees. Since the beginning of the year, the return has been 15.8 per cent. "Both stock and bond markets posted very positive returns in 2019. The bond market posted a...

January 24, 2020
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14Jan

Canada. Fusion Pharmaceuticals Announces Investment from Canada Pension Plan Investment Board (CPPIB)

Fusion Pharmaceuticals Inc., a clinical-stage precision oncology company developing next-generation radiopharmaceuticals, today announced an investment commitment of up to US$20 million from Canada Pension Plan Investment Board (CPPIB). CPPIB joins Fusion’s existing group of top-tier investors adding to the US$105 million Series B announced in April 2019. The financing will primarily be used to expand the use of the Company’s Fast-Clear™ Linker Technology platform by investing in new partnerships and targeting molecules to create novel targeted alpha therapeutics, and...

January 14, 2020
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December 2019

10Dec

Canada’s second largest pension fund gets deadly serious about climate crisis

As world leaders converge at this week’s climate summit in Madrid to debate how best to shift to a net zero-economy, Michael Sabia is leaving the helm of Canada’s second-largest pension plan having firmly placed Quebec’s retirement savings at the forefront of the global movement for low-carbon investing. Sabia, who recently announced he’s stepping down from the Caisse de dépôt et placement du Québec (CDPQ) in early 2020, ushered in a fundamental change in how the $326 billion Quebec...

December 10, 2019
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03Dec

Canadian Pensions Acquire Stake in Mexican Construction Firm

The Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan have agreed to acquire stakes in Mexican construction engineering company Impulsora del Desarrollo y el Empleo en América Latina (IDEAL). Under the terms of the deal, CPPIB and Ontario Teachers’ will launch a tender offer on the Mexican stock exchange for shares in IDEAL at 43.96 pesos ($2.25) per share. CPPIB will come away with a 23.7% stake in IDEAL, while Ontario Teachers will own 16.3% of...

December 3, 2019
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November 2019

04Nov

Canada. Are automatic DC plan features affecting the pension gender gap?

With cohorts in the workforce behaving differently as they prepare for retirement, it’s important for plan sponsors to consider these differences along gender and generational lines. At Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27, Jean Young, senior research associate at the Vanguard Center for Investor Research, shared a survey that found women (60 per cent) are slightly more likely than men (58 per cent) to participate in voluntary retirement plans. However, women have a...

November 4, 2019
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October 2019

29Oct

Canada. Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds

Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the third quarter of 2019. According to the report, in the third quarter of 2019, diversified pooled fund managers posted a median return of 1.5 per cent before management fees. Since the beginning of the year, the return has been 12.8 per cent. "In general, markets posted positive returns in the third quarter, despite higher volatility. The FTSE Canada Universe Bond...

October 29, 2019
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September 2019

13Sep

Canada. Pension plans should not invest in companies that harm working people

Of all the gains unions have made for workers, the ability to retire with dignity and a pension is perhaps the most valued. Last year employers and employees in Canada contributed over $70 billion to registered pension plans. It is big money. Still, just over a third of workers are covered by RPPs as most rely on the more modest Canada Pension Plan and Old Age Security. The inequality among retirees created by different pension benefits is obvious. There...

September 13, 2019
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09Sep

Canada Pension Plan Investment Board Invests in India-Based Logistics Provider Delhivery Pvt Ltd

Canada Pension Plan Investment Board (CPPIB) has invested US$115 million in Delhivery Pvt Ltd, broadening its exposure to the logistics sector in India. Delhivery, one of India's leading third-party logistics providers, operates in more than 2,000 cities (more than 17,500 pincodes) offering a full range of supply chain services. "The continued strong growth of e-commerce has generated significant opportunities in India's express logistics space for long-term investors such as CPPIB, and we are pleased to partner with a...

September 9, 2019
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05Sep

Samsung Securities Signs MOU with Canadian Pension Fund for Infrastructure Investment

Samsung Securities Co. has joined hands with a foreign pension fund for the first time in the domestic investment banking industry to expand its reach in global infrastructure investment. The company announced on Sept. 4 that it has signed a memorandum of understanding (MOU) on mutual business partnership with Montreal-based institutional investor Caisse de depot et placement du Quebec (CDPQ) at the company’s head office in Quebec, Canada, on Sept. 3 (local time). Founded in 1965, CDPQ...

September 5, 2019
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August 2019

15Aug

Canada. CPPIB earned 1.1 per cent in most recent quarter, CPP Fund now tops $400 billion

The Canada Pension Plan Investment Board says it earned a return of 1.1 per cent, net of its costs in its most recent quarter. Chief executive Mark Machin says the investments achieved solid net income in local-dollar terms, but the Canadian dollar strengthened in June and dampened the returns. The result for the quarter ended June 30 came as its net assets grew to $400.6 billion, up from $392.0 billion at the end of the previous quarter. The increase...

August 15, 2019
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