Professional Pensions www.professionalpensions.com Pension funds keep Canadian M&A activity afloat <p><!--summary start--> CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC. <!--summary end--></p> https://www.professionalpensions.com/news/1009023/pension-funds-canadian-activity-afloat https://www.professionalpensions.com/news/1009023/pension-funds-canadian-activity-afloat Tue, 1 Nov 2011 15:07:07 +0000 Canadian longevity risk transfer market could hit $20bn <p><!--summary start--> CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds. <!--summary end--></p> https://www.professionalpensions.com/news/2120273/canadian-longevity-risk-transfer-market-hit-usd20bn https://www.professionalpensions.com/news/2120273/canadian-longevity-risk-transfer-market-hit-usd20bn Wed, 26 Oct 2011 16:06:00 +0000 OTPP, Illinois TRS invest in NXT Capital <p><!--summary start--> CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital. <!--summary end--></p> https://www.professionalpensions.com/news/2120201/otpp-illinois-trs-invest-nxt-capital https://www.professionalpensions.com/news/2120201/otpp-illinois-trs-invest-nxt-capital Wed, 26 Oct 2011 14:20:38 +0000 Canadian funds post sharpest loss since 2008 <p><!--summary start--> CANADA - Canadian pensions marked their lowest quarterly returns since the start of the financial crisis on the back of world-wide market uncertainty, said RBC Dexia. <!--summary end--></p> https://www.professionalpensions.com/news/1010001/canadian-funds-post-sharpest-loss-2008 https://www.professionalpensions.com/news/1010001/canadian-funds-post-sharpest-loss-2008 Mon, 24 Oct 2011 15:39:22 +0000 CPPIB and Oxford Properties build new RBC headquarters <p><!--summary start--> CANADA - CPP Investment Board (CPPIB) and Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, have teamed up to build the Royal Bank of Canada's new Toronto headquarters. <!--summary end--></p> https://www.professionalpensions.com/news/2117665/cppib-oxford-properties-build-rbc-headquarters https://www.professionalpensions.com/news/2117665/cppib-oxford-properties-build-rbc-headquarters Mon, 17 Oct 2011 14:06:31 +0000 OMERS launches venture capital unit <p><!--summary start--> CANADA - The Ontario Municipal Employees Retirement System (OMERS) has launched a new venture capital arm that will play "a unique role in the industry" by providing funding to North American companies throughout their investment lifecycle. <!--summary end--></p> https://www.professionalpensions.com/news/2115271/omers-launches-venture-capital-unit https://www.professionalpensions.com/news/2115271/omers-launches-venture-capital-unit Thu, 6 Oct 2011 15:22:05 +0000 OTPP completes Flexera Software acquisition <p><!--summary start--> CANADA/US - The Ontario Teachers' Pension Plan has completed its acquisition of a majority stake in Flexera Software. <!--summary end--></p> https://www.professionalpensions.com/news/2114232/otpp-completes-flexera-software-acquisition https://www.professionalpensions.com/news/2114232/otpp-completes-flexera-software-acquisition Tue, 4 Oct 2011 11:50:28 +0000 CPPIB forms joint venture for US shopping mall investment <p><!--summary start--> CANADA/US - Canada Pension Plan Investment Board CPPIB) has entered a joint venture with General Growth Properties to acquire a stake in two US shopping malls. <!--summary end--></p> https://www.professionalpensions.com/news/1010486/cppib-forms-joint-venture-shopping-mall-investment https://www.professionalpensions.com/news/1010486/cppib-forms-joint-venture-shopping-mall-investment Wed, 21 Sep 2011 17:52:01 +0000 OTPP signs up to UN PRI <p><!--summary start--> CANADA - The Ontario Teachers' Pension Plan (OTPP) has signed up to the United Nations-backed Principles for Responsible Investment Initiative (PRI). <!--summary end--></p> https://www.professionalpensions.com/news/2109562/otpp-signs-pri https://www.professionalpensions.com/news/2109562/otpp-signs-pri Thu, 15 Sep 2011 14:25:35 +0000 Caisse pours C$200m into local insurer <p><!--summary start--> CANADA - The Caisse de dépôt et placement du Québec has invested C$200m ($201m) in local insurer Industrial Alliance, Insurance and Financial Services as part of its strategy to invest more heavily in Québec-based companies. <!--summary end--></p> https://www.professionalpensions.com/news/2108725/caisse-pours-cusd200m-local-insurer https://www.professionalpensions.com/news/2108725/caisse-pours-cusd200m-local-insurer Tue, 13 Sep 2011 10:40:00 +0000 Week on the web <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/2108078/web https://www.professionalpensions.com/news/2108078/web Fri, 9 Sep 2011 11:01:44 +0000 OMERS closes V.Group acquisition <p><!--summary start--> CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has closed on its previously announced acquisition of V.Group for $520m. <!--summary end--></p> https://www.professionalpensions.com/news/1007773/omers-closes-vgroup-acquisition https://www.professionalpensions.com/news/1007773/omers-closes-vgroup-acquisition Tue, 6 Sep 2011 11:23:53 +0000 Canada funds sue Sino-Forest <p><!--summary start--> CANADA - Two pension funds have filed a C$6.5bn ($6.5bn) class action lawsuit against China-based timber company Sino-Forest and its auditor Ernst & Young. <!--summary end--></p> https://www.professionalpensions.com/news/1004160/canada-funds-sue-sino-forest https://www.professionalpensions.com/news/1004160/canada-funds-sue-sino-forest Mon, 5 Sep 2011 15:00:00 +0000 CPPIB forms joint venture with Asian logistics firm <p><!--summary start--> CANADA/JAPAN - The Canada Pension Plan Investment Board (CPPIB) and Global Logistic Properties (GLP) have formed a joint venture to invest in the country's logistics network. <!--summary end--></p> https://www.professionalpensions.com/news/2105840/cppib-forms-joint-venture-asian-logistics-firm https://www.professionalpensions.com/news/2105840/cppib-forms-joint-venture-asian-logistics-firm Thu, 1 Sep 2011 10:57:00 +0000 Canada's Caisse up 3.6% in first half <p><!--summary start--> CANADA - The Caisse de dépôt et placement du Québec has returned 3.6% in the first half of the year bringing total assets to C$157.9bn ($160.6bn), but officials showed caution over the state of the economy going forward. <!--summary end--></p> https://www.professionalpensions.com/news/2103449/canada-caisse-36-half https://www.professionalpensions.com/news/2103449/canada-caisse-36-half Mon, 22 Aug 2011 12:57:00 +0000 OMERS buys seven-acre Toronto complex <p><!--summary start--> CANADA - The Ontario Municipal Employees Retirement System (OMERS) has acquired a 7.4 acre multi-purpose site in Toronto including a conference hall, office space, hotel and parking. <!--summary end--></p> https://www.professionalpensions.com/news/2103111/omers-buys-seven-acre-toronto-complex https://www.professionalpensions.com/news/2103111/omers-buys-seven-acre-toronto-complex Fri, 19 Aug 2011 14:35:07 +0000 CPP up $5bn in fiscal Q1 <p><!--summary start--> CANADA - The Canada Pension Plan (CPP) ended the first quarter of fiscal 2012 with net assets of C$153.2bn (US$154bn), an increase of C$5bn from the previous quarter. <!--summary end--></p> https://www.professionalpensions.com/news/2101218/cpp-usd5bn-fiscal-q1 https://www.professionalpensions.com/news/2101218/cpp-usd5bn-fiscal-q1 Thu, 11 Aug 2011 14:58:58 +0000 CPPIB invests $300m in US residential real estate <p><!--summary start--> CANADA/US - The Canada Pension Plan Investment Board has entered the US residential real-estate market with eight separate transactions worth more than $300m. <!--summary end--></p> https://www.professionalpensions.com/news/2099426/cppib-invests-usd300m-residential-real-estate https://www.professionalpensions.com/news/2099426/cppib-invests-usd300m-residential-real-estate Thu, 4 Aug 2011 11:17:26 +0000 OMERS buys Scottish shipping firm in $520m deal <p><!--summary start--> CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has signed a deal to acquire Scotland-based shipping services company V.Group for $520m. <!--summary end--></p> https://www.professionalpensions.com/news/1010778/omers-buys-scottish-shipping-firm-usd520m-deal https://www.professionalpensions.com/news/1010778/omers-buys-scottish-shipping-firm-usd520m-deal Thu, 28 Jul 2011 12:13:31 +0000 OTPP swaps Syndey Airport for European opportunities <p><!--summary start--> CANADA/AUSTRALIA/EUROPE - The Ontario Teachers' Pension Plan has struck a deal with MAp Airports to exchange its interest in Sydney Airport and a cash payment for MAp's interests in Brussels Airport and Copenhagen Airport. <!--summary end--></p> https://www.professionalpensions.com/news/2095338/otpp-swaps-syndey-airport-european-opportunities https://www.professionalpensions.com/news/2095338/otpp-swaps-syndey-airport-european-opportunities Wed, 20 Jul 2011 11:18:57 +0000 CIBC buys stake in American Century Investments <p><!--summary start--> CANADA/US - The Canadian Imperial Bank of Commerce (CIBC) has acquired a 41% stake in US asset management firm American Century Investments in a move to increase its international asset management offerings. <!--summary end--></p> https://www.professionalpensions.com/news/1017363/cibc-buys-stakes-american-century-investments https://www.professionalpensions.com/news/1017363/cibc-buys-stakes-american-century-investments Fri, 15 Jul 2011 15:33:00 +0000 CPPIB, PSP Investments and Apax partner in $6.3bn buyout <p><!--summary start--> CANADA/US - Apax Partners, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board have teamed up to purchase Kinetic Concepts in a $6.3bn deal. <!--summary end--></p> https://www.professionalpensions.com/news/1021233/cppib-psp-investments-apax-partner-usd63bn-buyout https://www.professionalpensions.com/news/1021233/cppib-psp-investments-apax-partner-usd63bn-buyout Thu, 14 Jul 2011 11:34:49 +0000 OTPP to vie for Chilean utilities stake <p><!--summary start--> CHILE/CANADA - The Ontario Teachers' Pension Plan plans to bid to increase its stakes in two Chilean water utilities. <!--summary end--></p> https://www.professionalpensions.com/news/2093345/otpp-vie-chilean-utilities-stake https://www.professionalpensions.com/news/2093345/otpp-vie-chilean-utilities-stake Tue, 12 Jul 2011 17:50:35 +0000 OMERS boosts contribution rate to plug deficit <p><!--summary start--> CANADA - The Ontario Municipal Employees Retirement System will increase its contribution rate in 2012 as part of a pre-agreed plan for yearly rate hikes in the three years to 2013. <!--summary end--></p> https://www.professionalpensions.com/news/2086073/omers-boosts-contribution-rate-plug-deficit https://www.professionalpensions.com/news/2086073/omers-boosts-contribution-rate-plug-deficit Wed, 6 Jul 2011 11:30:00 +0000 Comment: The first of many buy-in/buyout deals for North America <p><!--summary start--> It's been a busy month for the North American de-risking market. In March, Global Pensions reported the start of the buy-in/buyout market in the US was imminent, and likely to emerge before the end of the year. It appears we were right. <!--summary end--></p> https://www.professionalpensions.com/opinion/2076098/comment-buyout-deals-north-america https://www.professionalpensions.com/opinion/2076098/comment-buyout-deals-north-america Mon, 6 Jun 2011 16:52:00 +0000 CPPIB-led consortium takes stake in gas transportation network <p><!--summary start--> CANADA/NORWAY - A consortium of investors including the Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 24.1% stake in Norway's Gassled Joint Venture. <!--summary end--></p> https://www.professionalpensions.com/news/1005741/cppib-led-consortium-takes-stake-gas-transportation-network https://www.professionalpensions.com/news/1005741/cppib-led-consortium-takes-stake-gas-transportation-network Mon, 6 Jun 2011 12:47:17 +0000 CPPIB acquires 50% of Australian shopping centre <p><!--summary start--> AUSTRALIA/CANADA - The Canada Pension Plan Investment Board has bought a 50% stake in an Australian shopping centre for A$455m ($488m). <!--summary end--></p> https://www.professionalpensions.com/news/2075166/cppib-acquires-australian-shopping-centre https://www.professionalpensions.com/news/2075166/cppib-acquires-australian-shopping-centre Wed, 1 Jun 2011 11:29:08 +0000 Week on the web <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/1001743/web https://www.professionalpensions.com/news/1001743/web Fri, 27 May 2011 11:11:19 +0000 Acadian lands $104m for new managed volatility approach <p><!--summary start--> CANADA - A Canadian pension plan has invested $104m in the new version of Acadian Asset Management's managed volatility strategy that mixes developed and emerging equities, the firm said. <!--summary end--></p> https://www.professionalpensions.com/news/2073017/acadian-lands-usd104m-managed-volatility-approach https://www.professionalpensions.com/news/2073017/acadian-lands-usd104m-managed-volatility-approach Mon, 23 May 2011 14:03:00 +0000 CPP reaches record high in fiscal 2011 <p><!--summary start--> CANADA - The Canada Pension Plan (CPP) ended the fiscal year with a C$20.6bn ($21bn) increase in assets under management, marking an all-time high for the fund. <!--summary end--></p> https://www.professionalpensions.com/news/2072539/cpp-reaches-record-fiscal-2011 https://www.professionalpensions.com/news/2072539/cpp-reaches-record-fiscal-2011 Fri, 20 May 2011 11:17:00 +0000 Week on the Web: What stories have you missed out on this week? <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/2072537/web-stories-missed https://www.professionalpensions.com/news/2072537/web-stories-missed Fri, 20 May 2011 11:14:05 +0000 Video: Nortel paved path for buyouts across Canada <p><!--summary start--> UK/ CANADA - Last week's passage of the Ontario budget gave approval for the Nortel pension plan to put through what could be North America's first pension buyout. Ronald Olsen, vice president at Sibson Consulting, who assisted the plan with its proposal, said receiving legislative approval has opened the door for a wave of buyouts across the country. <!--summary end--></p> https://www.professionalpensions.com/news/2072378/video-nortel-paved-path-buyouts-canada https://www.professionalpensions.com/news/2072378/video-nortel-paved-path-buyouts-canada Thu, 19 May 2011 15:53:00 +0000 CPPIB takes holdings in German, US shopping centres <p><!--summary start--> CANADA/GERMANY/US - The Canada Pension Plan Investment Board (CPPIB) has acquired holdings in a string of shopping centres in Germany and the US. <!--summary end--></p> https://www.professionalpensions.com/news/2070787/cppib-takes-holdings-german-shopping-centres https://www.professionalpensions.com/news/2070787/cppib-takes-holdings-german-shopping-centres Fri, 13 May 2011 12:41:00 +0000 UFCW hires RBC Dexia as custodian <p><!--summary start--> CANADA - The United Food and Commercial Workers Pension Plan has hired RBC Dexia Investor Services as custodian for its multi-employer pension plan. <!--summary end--></p> https://www.professionalpensions.com/news/2070750/ufcw-hires-rbc-dexia-custodian https://www.professionalpensions.com/news/2070750/ufcw-hires-rbc-dexia-custodian Fri, 13 May 2011 11:54:06 +0000 OTPP deeper in the red as members age <p><!--summary start--> Despite delivering strong investment returns during 2010 the C$107bn ($112.6bn) Ontario Teachers' Pension Plan continues to face a C$17.2bn funding shortfall. Helen Morrissey speaks to OTPP's president and CEO Jim Leech about how the plan is addressing the situation <!--summary end--></p> https://www.professionalpensions.com/feature/2068904/otpp-deeper-red-age https://www.professionalpensions.com/feature/2068904/otpp-deeper-red-age Fri, 6 May 2011 18:39:18 +0000 Caisse consolidates real estate subsidiaries <p><!--summary start--> CANADA - The Caisse de dépôt et placement du Québec has consolidated its real estate subsidiaries under the banner of the Ivanhoe Cambridge Group. <!--summary end--></p> https://www.professionalpensions.com/news/2045554/caisse-consolidates-real-estate-subsidiaries https://www.professionalpensions.com/news/2045554/caisse-consolidates-real-estate-subsidiaries Thu, 21 Apr 2011 14:50:21 +0000 Fully-funded HOOPP returns 13.68% <p><!--summary start--> CANADA - The Healthcare of Ontario Pension Plan (HOOPP) returned 13.68% in 2010, ending the year with C$35.7bn ($37.3bn) in net assets. <!--summary end--></p> https://www.professionalpensions.com/news/2042736/-funded-hoopp-returns-1368 https://www.professionalpensions.com/news/2042736/-funded-hoopp-returns-1368 Tue, 12 Apr 2011 11:20:00 +0000 Pension funds make C$1bn bid for TimberWest <p><!--summary start--> CANADA - The Public Sector Pension Investment Board and British Columbia Investment Management Corporation have agreed to acquire TimberWest Forest Corp for C$1.03bn ($1.07bn). <!--summary end--></p> https://www.professionalpensions.com/news/2042717/pension-funds-cusd1bn-bid-timberwest https://www.professionalpensions.com/news/2042717/pension-funds-cusd1bn-bid-timberwest Tue, 12 Apr 2011 10:44:44 +0000 More Canadian funds turn to DC <p><!--summary start--> CANADA - Canadian private pension funds have hit a "tipping point" with more than half converting defined benefit plans to defined contributions for current or future employees, a Towers Watson survey found. <!--summary end--></p> https://www.professionalpensions.com/news/1020034/canadian-funds-dc https://www.professionalpensions.com/news/1020034/canadian-funds-dc Thu, 7 Apr 2011 11:52:06 +0000