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CPPIB, Caisse to open offices in Mumbai
trueCanada’s two largest public pension fund managers will open offices in Mumbai as part of agreements announced Thursday by Canadian Prime Minister Stephen Harper during meetings with Indian Prime Minister Narendra Modi in Toronto.
Quebec's Caisse acquires 4 Mexican toll roads for C$3.01 billion
trueCaisse de Depot et Placement du Quebec, Montreal, agreed to acquire a combined 49% equity stake in four Mexican toll highways, including the Acapulco Tunnel, from Mexican infrastructure manager Empresas ICA for C$3.01 billion ($2.4 billion).
Saskatchewan farmland ownership review could prohibit pension fund investment
truePension funds and other institutional investors will be prohibited from purchasing farmland in Saskatchewan while the provincial government reviews its farmland ownership rules, Lyle Stewart, Saskatchewan agricultural minister, said Monday.
Hearings don't clarify details of Ontario's proposed supplemental pension fund
trueThe debate has been heard over what the final version of the Ontario Retirement Pension Plan, the province's proposed supplemental retirement plan, should resemble, but details on what the pension fund will ultimately look like when it debuts in January 2017 remain undetermined.
CPPIB teams up with Permira to acquire Informatica
trueCanada Pension Plan Investment Board, Toronto, and private equity firm Permira on Tuesday announced they agreed to acquire data software provider Informatica for $5.3 billion.
Canaccord Genuity CEO dies following illness during Hawaii triathlon
truePaul Reynolds, CEO at Canadian brokerage and investment bank Canaccord Genuity Group, died Wednesday, three days after falling ill while competing in a triathlon near Kona, Hawaii.
Canadian workers' compensation plan looking for consultant to assist in OCIO search
trueWorkplace Health, Safety and Compensation Commission, St. John’s, Newfoundland and Labrador, is searching for an investment consultant to help the C$1 billion ($796 million) workers’ compensation plan choose an outsourced CIO provider.
Aon Hewitt: Canadian pension plans continue to see funding declines
trueThe median funded status of Canadian defined benefit plans administered by Aon Hewitt was 89% as of Tuesday, down 1.6 percentage points from the end of 2014 and the first time the level fell below 90% since September 2013.
Canada Pension Plan, U.K. pension funds buy stake in Associated British Ports
trueA group of U.K. pension funds and the Canada Pension Plan Investment Board, Toronto, will acquire a 30% stake in Associated British Ports.
Ontario Teachers returns 11.8% in 2014, surpassing benchmark by 170 basis points
trueOntario Teachers' Pension Plan, Toronto, returned 11.8% on its investments in 2014, above its custom benchmark's 10.1% return, powered by private equity and infrastructure performance.
Nunavut Trust signs Northern Trust as global custodian
trueNunavut Trust hired Northern Trust as global custodian for the trust's C$1.6 billion ($1.27 billion) in assets.
CIO of Ontario Teachers fund retiring June 1
trueNeil Petroff, executive vice president and chief investment officer of the C$141 billion ($112 billion) Ontario Teachers' Pension Plan, Toronto, will retire on June 1, the pension plan announced Monday.
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.