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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.
Canada may ban pension funds from investing in sponsor's stock
trueCanadian corporate pension plans would be banned from investing directly in their sponsoring company stock under a draft of federal regulatory changes announced late last month.
Canada officially launches pooled DC plans for employees in private sector, territories
truePooled registered pension plans now can be offered to Canadian businesses and employees working in federally regulated industries as well as residents of Canadian territories.
CIBC adds equity portfolio managers
trueScott Vali was named vice president and equity portfolio manager at CIBC Asset Management, and Sara Shahram was named associate portfolio manager, equities.
Mercer: Canadian pension plan funding drops in third quarter
trueCanadian defined benefit plans’ funding fell in the third quarter, based on the Mercer (Canada) Pension Health index, because of declines in long-term interest rates coupled with an increase in the estimated cost of purchasing annuities.
Aon Hewitt: Canadian DB plans' funding status slips
trueCanadian defined benefit plans administered by Aon Hewitt saw their funded status slip in the past three months, to a median 91.1% as of Sept. 26 from 96%.
TMX names new CEO
trueLou Eccleston was named CEO of TMX Group, operator of the Toronto and Montreal stock exchanges among other Canadian equity, fixed-income and energy trading venues.
Canada offers lessons for CalPERS, other U.S. funds
trueI was a member of a task force created in the late 1980s by the government of Ontario to recommend how the province's public-sector pension plans might be restructured for better performance.
Woman behind new Ontario pension plan getting a lot of help
trueThe woman overseeing Ontario's creation of a supplemental pension plan might not have direct pension fund experience, but the committee she oversees is packed with it, allowing her to do what she does best.
Quebec mulls shared-risk structure for municipal pension plans
trueQuebec municipal defined benefit plans could change to a shared-risk structure from a final-salary pension framework under legislation to be considered by the province's National Assembly next month.
Ontario Public Service Pension Plan rides global equity returns in 2013
trueOntario Public Service Pension Plan rode strong equity gains to boost its overall assets to C$21 billion (US$18.9 billion) in 2013.
CalPERS pledges to disclose carbon footprint in investment portfolio
trueCalPERS on Thursday became one of the initial signatories to a new global carbon pledge, committing to measure and publicly disclose the carbon footprint of its investment portfolio.
Saskatchewan agency looking for firm to provide daily valuation of DC options
trueSaskatchewan Public Employees Benefits Agency issued an RFP for a firm to review the daily unit valuation of investment options in the province's public defined contribution plan, the C$6.5 billion (US$5.9 billion) Saskatchewan Public Employees' Pension Plan.