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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.
University of British Columbia drops BlackRock from balanced fund option
trueUniversity of British Columbia removed BlackRock as a manager of the balanced fund option in its defined contribution plan.
Canadian rate cut to affect corporate pension funding
trueThe Bank of Canada's cut in its overnight lending rate is yet another blow to Canadian corporate pension plans already struggling with mark-to-market accounting rules and investments hurt by the country's sagging economy.
Quebec Construction Industry Pension Plan seeks actuary
trueCommission de la Construction du Quebec, Montreal, is searching for an actuary for the C$15.9 billion (US$12.8 billion) Quebec Construction Industry Pension Plan.
Canada Pension Plan takes 25% stake in Australian toll-road project
trueCanada Pension Plan Investment Board, Toronto, on Monday said it will take a 25% ownership stake in a tunnel tollway to be built northwest of Sydney, for A$525 million (US$411 million).