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Ontario Legislature clears way for supplemental pension plan
trueThe Ontario Legislature Thursday passed the province's 2014-'15 budget, which sets off the process of creating a provincial pension plan to supplement the C$219.1 billion (US$203.3 billion) Canada Pension Plan.
AIMCO's de Bever points to 'next frontier' of investing
trueLeo de Bever, CEO of the C$70 billion (US$65.2 billion) Alberta Investment Management Corp. told participants at a financial analysts conference Thursday that pension funds and other institutional investors need to get out of their comfort zones to take advantage of “the next frontier” of long-term ...
OPTrust promotes 2 to private markets co-heads
trueGavin Ingram and Sandra Bosela were promoted to co-heads of private markets at OPTrust.
Ontario Teachers chooses VP for infrastructure
trueKen Manget was named vice president of infrastructure at the C$140.8 billion (US$131.1 billion) Ontario Teachers’ Pension Plan, Toronto.
CPPIB buys into Belgian parking lot company
trueCanada Pension Plan Investment Board, Toronto, will acquire a 39% stake in Brussels-based European parking lot manager Interparking for €376 million ($508 million).
PSP Investment Board returns 16.3% for fiscal year
truePublic Sector Pension Investment Board, Montreal, returned 16.3% for the fiscal year ended March 31, exceeding its 13.9% policy benchmark, said a recently released annual report.
St. Thomas More College in hunt for consultant
trueSt. Thomas More College is searching for an investment consultant for its C$15.4 million (US$14.45 million) investment portfolio, which includes endowment funds.
Canada's PSP invests more than 1% of its portfolio in New Zealand property
truePublic Sector Pension Investment Board, Montreal, purchased the AMP Property Portfolio, a portfolio of New Zealand real estate valued at more than NZ$1 billion (US$880 million).
Canadian pension funds putting down roots abroad
trueMore large Canadian pension funds and the crown corporations that manage their assets are opening offices beyond their borders, looking to enhance their alternative investments outside of Canada.
Mercer: Canada pension plan funding improves slightly in 2nd quarter
trueCanadian defined benefit pension plans’ funding improved marginally in the second quarter but was down slightly from the start of the year, based on a Mercer (Canada) report released Wednesday.
Canadian pension plans' funded status ticks up in 2nd quarter
trueCanadian defined benefit pension plans administered by Aon Hewitt had a median funded status of 96% as of June 26, up 0.6 percentage points from March 31 and up 19 percentage points from the end of the second quarter 2013.
New Ontario Cabinet post charged with creating supplemental pension plan
trueMitzie Hunter was named associate minister of finance for the province of Ontario, a new Cabinet-level position responsible for the creation of a supplementary provincial pension plan.
PAG, CPPIB acquire Commerz Japan real estate business
truePAG, an Asia-focused alternatives investment manager, and Canada Pension Plan Investment Board have acquired Tokyo-based Commerz Japan Real Estate Finance Corp. from Commerzbank AG.
CPPIB makes first Indian infrastructure investment
trueCanada Pension Plan Investment Board on Monday announced it would commit US$166 million to engineering firm Larsen & Toubro's Mumbai-based infrastructure subsidiary, L&T Infrastructure Development Projects.
Public Sector Pension Investment Board picks interim CEO
trueJohn Valentini on Monday was named interim president and CEO of the C$95 billion (US$88.5 billion) Public Sector Pension Investment Board, Montreal.