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RBC Investor & Treasury snags J.P. Morgan executive for sales role
trueFrancis Jackson will join RBC Investor & Treasury Services in a senior sales role.
BCE longevity swap harbinger of deals to come
trueBCE Inc. this month announced it would transfer pension liabilities in a longevity insurance swap in what sources said was the first such move by a corporate defined benefit plan outside of the U.K. and could be a harbinger of similar moves among large DB plans in Canada.
ATB Financial looking for global custodian for pension plan
trueATB Financial Pension Plan, Edmonton, issued an RFP for a global custodian for the C$385 million ($305 million) defined benefit plan.
CPPIB, FSBA to oppose Apple's executive pay package, support proxy access
trueCanada Pension Plan Investment Board and the Florida State Board of Administration plan to vote against Apple Inc.'s pay plan for CEO Tim Cook and other top executives, according to their proxy voting disclosures.
Quebec's Caisse, U.K. pension funds take 40% stake in Eurostar International
trueA group of U.K. pension funds and Canadian pension fund manager Caisse de Depot et Placement du Quebec, Montreal, will acquire a total 40% share in Eurostar International, the high-speed rail link between London and Paris, and London and Brussels.
Healthcare of Ontario Pension Plan returns 17.71% in 2014; funded status at 130%
trueHealthcare of Ontario Pension Plan returned 17.71% on its investments in 2014, on the strength of its liability-driven investing strategy.
Bell Canada transfers C$5 billion in pension liabilities to Sun Life in longevity swap
trueBell Canada Pension Plan on Tuesday said it transferred C$5 billion (US$4 billion) in pension liabilities for current retirees to Sun Life Financial under a longevity insurance agreement.
Ontario Municipal Employees returns 10% in 2014
trueOntario Municipal Employees Retirement System returned a net 10% in 2014 vs. a net 6% return a year earlier.
Quebec's Caisse returns 12% in 2014, surpassing its benchmark
trueCaisse de Depot et Placement du Quebec on Wednesday reported a 12% investment return in 2014, generating C$23.3 billion (US$18.7 billion) in net assets.
CIBC Asset Management taps 3 managers as subadvisers
trueCIBC Asset Management hired AllianceBernstein Canada, Foyston, Gordon & Payne and Wellington Management Canada as subadvisers to five pooled investment strategies.
Canada Pension Plan grabs 3.3% return for quarter
trueCanada Pension Plan, Ottawa, saw a 3.3% nominal investment return in the quarter ended Dec. 31, helping increase assets to C$238.8 billion (US$191.9 billion).
Fiera names chief of new U.S. subsidiary
trueBenjamin S. Thompson was named president and CEO of Fiera Capital Global Asset Management, a new U.S. asset management subsidiary of Montreal-based Fiera Capital.
Caisse, Claridge set up joint venture to invest in Israeli technology
trueCaisse de Depot et Placement du Quebec and Claridge, the family investment office of the Bronfman family, are creating a joint venture to invest in Israel’s civil technology.
Air Canada pension surplus soars; airline might opt out of funding pact
trueAir Canada on Wednesday said it had an estimated C$780 million (US$618 million) surplus in its defined benefit plans as of Jan. 1.
Saskatchewan Healthcare Employees on lookout for CIO
trueSaskatchewan Healthcare Employees’ Pension Plan is seeking a chief investment officer for the C$5.2 billion (US$4.15 billion) defined benefit plan.