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Canada Pension Plan assets rise 13.4% in fiscal year
Canada Pension Plan had C$183.3 billion (US$180.3 billion) in assets for the fiscal year ended March 31, up 13.4% from 12 months earlier, on the strength of C$16.2 billion in net investment income.
Ontario Teachers to replace retiring Leech as CEO
Ron Mock was named president and CEO of the C$129.5 billion (US$127.5 billion) Ontario Teachers' Pension Plan, Toronto, effective Jan. 1, 2014.
CPPIB launches Tokyo real estate venture with GE Capital
Canada Pension Plan Investment Board, Toronto, and GE Capital Real Estate created the Tokyo Office Venture, a partnership that invests in midsize offices in the Japanese capital's central business district.
2 investors file proposal to separate chairman, CEO roles at News Corp.
Christian Brothers Investment Service and the C$96.7 billion (US$97.5 billion) British Columbia Investment Management Corp., Victoria, filed a joint shareholder proposal calling for establishment of an independent chairman of News Corp.'s board of directors.
Ontario Public Service Employees fund returns 10.1% in 2012
Ontario Public Service Employees Union Pension Trust, Toronto, returned 10.1% in 2012.
Quebec pension fund invests in U.S. multifamily real estate
Ivanhoe Cambridge — the real estate arm of the C$35 billion Caisse de Depot et Placement du Quebec — is snapping up multifamily real estate at a fast clip, and it's not done yet.
Alberta Public Service Pension Board hunting for investment consultant
Alberta Public Service Pension Board, Edmonton, is searching for an investment consultant for the C$7.2 billion (US$7.02 billion) defined benefit plan, according to Maureen Gander, plan board manager.
Former Canadian banker settles with SEC over using CPPIB insider information
A former Canadian investment banker who consulted the C$172.6 billion (US$168.8 billion) Canada Pension Plan Investment Board, Toronto, on investment ideas will pay $340,000 to the SEC to settle charges that he used that information for insider trading.
Canada fund to consider 'outsiders' for investment board
The C$172.6 billion (US$170.2 billion) Canada Pension Plan Investment Board could appoint non-Canadian residents to the board in a proposal included in the Canadian Department of Finance's 2013 Economic Action Plan.
Embracing Canada's idea
The Canadian federal government's new proposed budget has a constructive idea pension funds and other fiduciary institutions should consider for strengthening their governance structure.
AMI acquired by Toron Investment Mangement
Toron Investment Management will acquire AMI Partners, according to James Porter, partner and managing director at Toron.
University of Western Ontario looking to add global small-cap manager
University of Western Ontario, London, is searching for a global small-cap equity manager for its defined contribution plans.
CPPIB, Florida State Board support Agrium board members
Canada Pension Plan Investment Board, Toronto, and Florida State Board of Administration, Tallahassee, have voted their Agrium Inc. shares in support of all the company's 12 directors, refusing to go along with a shake-up of the board by JANA Partners.
P&I Research Center adds information on public Canadian funds
The P&I Research Center now contains the assets and asset allocations of public Canadian pension funds in the P&I/Towers Watson 300 ranking. The pension plans have more than US$600 billion in assets. The average asset allocation for 2011 was 39.7% public equities, 33.8% fixed income, 26.3% ...
Canada Pension Plan considers 'outsiders' for board seats
The C$172.6 billion (US$170.2 billion) Canada Pension Plan Investment Board, Toronto, could appoint non-Canadian residents to the board if a proposal included in the Canadian Department of Finance's 2013 Economic Action Plan ultimately is approved.