North America

CANADA - Justice John Ground has ruled some of union CUPE's complaints against the Ontario Municipal Employees Retirement System (OMERS) will go to trial.

CANADA - Enbridge Energy Partners has sold 5.4 million Class C units worth nearly C$250m to CDP Infrastructures Fund, a subsidiary of the C$122bn Caisse de dépôt et placement du Québec.

CANADA - The Canada Pension Plan (CPP) grew by $600m for the quarter ending June 30, 2006, despite an investment rate return of -2.6% or $2.5bn.

CANADA - Canadian buy-side institutions are embracing electronic equity trading with the typical institution estimating it would direct one third of its total trade volume to electronic and portfolio trading systems in three years time.

CANADA - Canadian pension funds' posted a -3.1% return in the second quarter of 2006, ending an impressive run of over three years of positive returns, RBC Dexia Investor Services has found.

CANADA - Office of the Superintendent of Financial Institutions (OSFI) superintendent Nicholas Le Pan has resigned with two years still remaining on his contract.

CANADA - Nova Scotia Association of Health Organizations (NSAHO) CEO Robert Cook described the decision of four unions to file grievances against the organisation over pension fund issues as "surprising", given that all four unions held seats on the C$2bn...

CANADA - Man Investments has opened a Canadian subsidiary specialising in alternative investment products for institutional investors and private clients.

CANADA - The four largest health care unions in Nova Scotia have filed grievances against their employers, alleging they used the unions' pension fund surpluses for their own benefit.

CANADA - The Association of Municipalities of Ontario (AMO) claimed Bill 206 has fundamentally changed the organisation's role in the C$41bn Ontario Municipal Employees' Retirement System (OMERS).