Responsible

OTPP and CDPQ's Half-Year Results

The Ontario Teachers’ Pension Plan (OTPP) announced net assets top $200 billion in first half of 2019:Ontario Teachers’ Pension Plan (Ontario Teachers’) today announced its net assets reached $201.4 billion as of June 30, 2019, a $10.3 billion increase from December 31, 2018. The total-fund n ...

BCI Gains 6.1% in Fiscal 2019

The British Columbia Investment Management Corporation (BCI) announced an annual combined pension return, net of costs, of 6.1 per cent for the fiscal year ended March 31, 2019, versus a combined market benchmark of 4.5 per cent. This generated $2.0 billion in added value for BCI’s pension plan c ...

OTPP and NYSCRF on Climate Change

The Ontario Teachers' Pension Plan (OTPP) released its inaugural Climate Change Report on Friday:Ontario Teachers’ Pension Plan (Ontario Teachers’) today announced the launch of its inaugural Climate Change Report, written in accordance with the recommendations made by the Financial Stability B ...

Canada's Final Report on Sustainable Finance

On Friday, the Expert Panel on Sustainable Finance led by Rotman Dean Tiff Macklem released its report. Barbara Zvan, OTPP's Chief Risk & Strategy Officer, was kind enough to share a summary with me:As the effects of climate change continue to evolve rapidly worldwide; so too are policy, market and ...

PSP Investments Gains 7.1% in Fiscal 2019

Today, the Public Sector Pension Investment Board (PSP Investments) announced its fiscal 2019 results:The Public Sector Pension Investment Board (PSP Investments) announced today that it ended its fiscal year March 31, 2019, with net assets under management (AUM) of $168.0 billion, compared to $153 ...

CDPQ Warms Up to Solar

Today, the Caisse de depot et placement du Quebec (CDPQ) announced a loan of $260 million or £150 million to Lightsource BP, whose major stakeholder is British Petroleum (BP):The facility will initially be used to finance a diversified portfolio composed of over 100 solar projects located across v ...

CAAT Pension Holds Steady in 2018

Benefits Canada reports, CAAT pension plan holds steady with 2018 return of 0.5%:After a year of turbulent markets, the Colleges of Applied Arts and Technology pension plan has released its 2018 annual report, noting assets held steady compared to 2017 at about $10.8 billion, with a slight return o ...

2019's Most Responsible Investors

The Responsible Asset Allocator Initiative (RAAI) released its 2019 ranking of the most responsible asset allocators:The study, developed in partnership with the Fletcher School at Tufts, analyzed 197 funds comprising $21 trillion in assets to identify 25 institutions that set a global standard f ...

OTPP Gains 2.5% in 2018

Martha Porado of Benefits Canada reports, Ontario Teachers’ posts 2.5% return for 2018 amid volatile investment environment:The Ontario Teachers’ Pension Plan posted a net return of 2.5 per cent for 2018, down from 2017’s net return of 9.7 per cent.The pension fund outperformed its benchma ...

Fully Funded OPTrust Gains 1% in 2018

Benefits Canada reports, OPTrust remains fully funded, lowers discount rate in ‘worst year for markets’:In addition to remaining fully funded and lowering its discount rate, the OPSEU Pension Trust returned one per cent in 2018.This compares to a 9.5 per cent return in 2017, six per cent in 201 ...