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University of British Columbia faculty eyes fossil-fuel divestment for endowment
trueUniversity of British Columbia Faculty Association members early next year will vote on whether to ask the university's board of governors to divest its C$1.35 billion (US$1.19 billion) Vancouver-based endowment's holdings in fossil-fuel stocks within five years.
CPPIB commits additional $400 million to China real estate joint venture
trueCanada Pension Plan Investment Board committed an additional US$400 million to Goodman China Logistics Holding, the board’s joint venture with real estate investment manager Goodman Group, to develop logistics projects in China.
AIMCo taps former Pyramis head to succeed Leo de Bever as CEO
trueKevin Uebelein was named CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., effective Jan. 5.
Toronto launches actuary search for 5 frozen DB plans
trueToronto is searching for a firm to conduct an actuarial valuation of the city’s five frozen defined benefit plans.
U.S. real estate still attractive to foreign institutional investors
trueForeign capital is flooding into U.S. real estate despite lower return expectations.
Canada Pension Plan returns 3.4% in latest quarter
trueCanada Pension Plan returned a gross 3.4% in the quarter ended Sept. 30, its fiscal second quarter, helping raise plan assets to C$234.4 billion (US$206.9 billion).
Ontario Teachers names Hong Kong director for Asia equity investments
trueDan Kiang joined Ontario Teachers' Pension Plan in Hong Kong as a director in relationship investing, focused on direct equity investments across Asia.
Sprott adds senior portfolio manager
truestrong>Whitney George was named senior portfolio manager at Sprott Asset Management.
Towers Watson: Benchmark index for pension plans drops in 5 of 7 markets
trueIndex results for benchmark corporate pension plans in five major regions fell in the third quarter because of falling interest rates and modest investment returns, said Towers Watson's quarterly report.
Pyramis: U.S. investors have different take on alternatives than Europe, Asia
trueU.S. institutional investors' views on investing in alternatives has diverged from their investing brethren in Europe and Asia, said a new survey by Pyramis Global Advisors.
Ontario Teachers aims to clean up with new investment
trueThe C$140.8 billion (US$125.5 billion) pension fund acquired a 30% stake in CSC ServiceWorks, Plainview, N.Y., which leases coin-operated laundry machines and gas station tire pumps throughout North America and Europe. The stake was bought from private equity manager Pamplona Capital Management by ...
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.
University of Guelph seeks consultant for asset/liability study
trueUniversity of Guelph (Ontario) is searching for an investment consultant to conduct an asset/liability study of its three defined benefit plans with a combined C$854 million (US$757 million) in assets.
Caisse invests in Manulife's new home
trueCaisse de Depot et Placement du Quebec, Montreal, and Manulife Financial reached agreement to build a new home for the combined staff of Manulife and Standard Life Investments' Canadian operations, which Manulife is acquiring.
Cambridge Global Asset Management elevates portfolio manager to co-CIO
trueBrandon Snow was promoted to principal and co-chief investment officer at Cambridge Global Asset Management, effective immediately, said Neal Kerr, senior vice president, investment management, at parent company CI Investments.