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Canada to consider additional voluntary contributions to Canada Pension Plan
trueThe Canadian government will hold consultations this summer “with experts and stakeholders” about whether to allow voluntary additional contributions to the C$264.6 billion ($220.3 billion) Canada Pension Plan, Ottawa, said Joe Oliver, Canada finance minister.
Air Canada to opt out of pension funding agreement as surplus tops C$1 billion
trueAir Canada will opt out of a 2013 agreement with the Canadian government and Air Canada employees that required the airline to contribute an average of C$200 million ($166 million) annually to its pension funds through 2020.
Ontario Teachers gives CEO interim CIO title
trueRon Mock, president and CEO of the Ontario Teachers' Pension Plan, will take over as interim chief investment officer of the C$154.4 billion ($128.5 billion) pension fund when current CIO Neil Petroff retires June 1.
Canada Pension Plan posts record 18.3% fiscal-year return
trueCanada Pension Plan had a net 18.3% return on investments in the 12 months ended March 31, the plan's fiscal year, 1.3 percentage points above its custom benchmark.
Canada Pension Plan, BC Partners net nearly $1 billion in Suddenlink sale
trueCanada Pension Plan Investment Board and a private equity fund managed by BC Partners on Wednesday announced it had agreed to sell its combined 70% stake in the parent of cable TV provider Suddenlink to France-based telecommunications operator Altice.
GIC, CPPIB form joint venture for $263 million purchase of Seoul mall
trueGIC, the Singapore sovereign wealth fund, and Canada Pension Plan Investment Board announced Monday they had formed a joint venture partnership to acquire the D-Cube retail mall in Seoul from Daesung Industries for $263 million.
Quebec's Caisse takes different path on energy
trueCaisse de Depot et Placement du Quebec, Montreal, which oversees investments of Quebec's public pension funds, is focusing on distribution instead of production as a way to gain returns from energy when oil prices are sinking.
CFA Institute's excellence award goes to Fiera Capital's CEO
trueJean-Guy Desjardins, chairman and CEO of Canadian money manager Fiera Capital Corp., has three things in common with Keith Ambachtsheer, director emeritus of the Rotman International Centre for Pensions Management.
Canadian pension funds return 6.6% in first quarter
trueCanadian defined benefit funds returned 6.6% on their investments in the first quarter, the eighth straight quarter of positive returns, based on RBC Investor & Treasury Services’ quarterly survey.
Ontario Teachers CEO calls alternative investments 'too expensive'
trueOntario Teachers’ Pension Plan, Toronto, is starting to step back from investing in alternative investments such as real estate and infrastructure because they are “too expensive.”
Barrick shareholders reject executive compensation resolution
trueBarrick Gold Corp. shareholders overwhelmingly voted on Tuesday against the company's executive compensation resolution.
Ontario Legislature passes bill for cost-benefit analysis of proposed supplemental plan
trueOntario's Finance Ministry will conduct a cost-benefit analysis of the province's proposed supplemental defined benefit plan as part of a bill approved Wednesday by the Ontario Legislature.
Canadian pension funds line up against Barrick Gold executive compensation
trueThe C$238.8 billion ($194.9 billion) Canada Pension Plan Investment Board, C$154.4 billion Ontario Teachers' Pension Plan and C$114 billion British Columbia Investment Management Corp. said they will vote against Barrick Gold Corp.'s non-binding say-on-pay vote for its executive compensation.
OPTrust investments return 12% in 2014, nearly double custom benchmark
trueOPTrust, which manages assets of the Ontario Public Service Employees Union Pension Plan, returned 12% in 2014, vs. its custom benchmark’s 6.2% return and its 2013 return of 11.7%.
Canadian government considering lifting public share limits for federal pension funds
trueThe Canadian government will hold public consultations with the country’s federal pension funds to consider eliminating the current 30% limit for holding voting shares of an individual company.