Pension Pulse

James Bradshaw of the Globe and Mail reports  Ontario Teachers’ Pension Plan earns 6.7% return, marks down private equity and real estate assets: Ontario Teachers’ Pension Plan earned a 6.7-per-cent return in 2025 but missed its internal benchmark for performance by a wide margin as it marked down struggling private equity and real estate assets. The plan’s investment gains were bolstered by its publicly traded stock portfolio, which increased in value by 15 per cent, as well as its holdings in gold. Its smaller venture growth arm was up 30 per cent on rising valuations at companies such as SpaceX and Databricks . But Teachers’ private equity portfolio lost 5.3 per cent, against an 18-per-cent benchmark that is weighted toward public stocks. And its real estate portfolio lost 3.1 per cent. Overall, Teachers fell short of its 11.7-per-cent benchmark by 5 percentage points - a difference of $12-billion of potential investment income. Chief executive officer Jo Taylor att...

Monte Steward of Connect Canada CRE reports  La Caisse Invests $240M in Cologix’s MTL 8 Data Centre: La Caisse has provided $240 million in senior financing for Cologix’s MTL8 colocation data centre in Montreal. The global investment group announced the financing agreement with Cologix, a North American network-neutral interconnection and hyperscale edge data-centre company. Construction of the facility’s structure and building envelope has been completed, and the AI-ready data centre is now in service. La Caisse supplied the entire debt financing to support Cologix’s continued investment in the site. Located in Technoparc Montréal near Montreal–Pierre Elliott Trudeau International Airport, the MTL8 facility will deliver 21 megawatts of capacity and is powered by hydroelectricity. The site integrates with Cologix’s interconnection network across its 11 other Montreal facilities. In 2025, the MTL8 data centre achieved LEED Gold certification, confirming its sus...

James Bradshaw of the Globe and Mail reports  CAAT CEO Derek Dobson resigns, agrees to repay $1.6-million vacation payout: The CAAT Pension Plan is parting ways with chief executive officer Derek Dobson, who has agreed to repay a controversial $1.6-million vacation payout he received last year as he ends his nearly 17-year tenure at the helm of the plan. CAAT said in a statement on Friday that “Mr. Dobson has tendered his resignation and will leave CAAT effective immediately” as part of a settlement agreement that “brings closure to his employment at the plan.” Mr. Dobson was placed on administrative leave last month after concerns about his leadership and the board’s oversight of his actions caused upheaval in the senior ranks of the $23-billion fund, ultimately leading to a governance crisis that has prompted an overhaul of the plan’s management. The terms of the settlement agreement were not disclosed. “Both Mr. Dobson and the CAAT board of trustees acknowledge the ...