Showing posts from 2022

OMERS Aims to Triple Asian Assets Within Eight Years

David Ramli of Bloomberg reports Ontario pension aims to triple Asian assets within eight years: The Ontario Municipal Employees Retirement System aims to triple its assets in Asia-Pacific over the next eight years from the C$13 billion ($9.5 billion) it’s already deployed in the region, according to its President and Chief Executive Officer Blake Hutcheson. Speaking at the Milken Institute Asia Summit on Thursday, Hutcheson said the Canadian pension fund was in “full diversification mode.” “So far we’re very focused on India and Australia in two areas -- infrastructure and real estate -- and basically computer screen investing in the rest of Asia and Southeast Asia from an equities standpoint,” he said. The Ontario pension, also known as Omers, had C$119.5 billion in assets as of June 30. It posted a 0.4% loss for the first six months of the year partly due to a fall in public stocks. On Thursday, OMERS CEO Blake Hutcheson took part in a panel discussion at the Milken Instit

CPP Investments' 2022 Report on Sustainable Investing

Barbara Shecter of the National Post reports CPPIB flexes its muscle in board rooms around the world to stem climate change: The Canada Pension Plan Investment Board, which invests on behalf of the country’s CPP pension scheme, used its influence as a major institutional investor to push 35 companies to make “material“ commitments and improvements to climate-related disclosures and practices in the past year, according to its latest report on sustainability investing made public Wednesday. Officials at Canada’s largest pension voted against 65 directors at 35 companies where they “concluded the board failed to demonstrate adequate consideration of physical and transition related impacts from climate change,” the report said. CPPIB, which invests in public and private companies including direct investments, voted in favour of climate-related shareholder proposals that sought deeper disclosures on topics such as operational emissions management, asset portfolio resilience and

OTPP Sets Up an Office in Mumbai, Plans Indian Investment Drive

Swaraj Singh Dhanjal of Mint reports Ontario Teachers' sets up an office in Mumbai: Mumbai: Canadian pension fund Ontario Teachers’ Pension Plan Board, which manages assets worth over C$242.5 billion (Rs14.85 lakh crore, has established an on-the-ground presence in India, with the opening of a new office in Mumbai to build on its existing Indian portfolio, the pension fund manager said in a statement. With the establishment of an India office, Ontario Teachers’ becomes the third Canadian pension fund manager to set up a local team in India. Its larger counterparts CPP Investments and CDPQ already have local offices in the country. Having a local team and office will support Ontario Teachers’ in sourcing investments, nurturing long-term partnerships, and attracting strong local talent, the pension fund said. The office is in the financial hub of the Bandra Kurla Complex and is Ontario Teachers’ sixth global office and third in the Asia-Pacific region. Ontario Teachers’ hold

AIMCo's CEO On Why Fossil Fuel Divestment Is Not Their Strategy

Jeffery Jones of the Globe and Mail reports fossil fuel divestment not on the agenda for AIMCo, CEO Evan Siddall says: Alberta’s public investment manager is not making a net-zero commitment, and selling off fossil-fuel producers is out of the question. Instead, it will concentrate on investing alongside portfolio companies to decarbonize, its chief executive officer says. Alberta Investment Management Corp. will unveil a “transition finance” strategy in the coming months that will spell out its plans for investing in a lower-carbon economy on behalf of several pension plans and public accounts in the province. Unlike the case with some institutional investors, divestment from fossil fuels – still Alberta’s dominant industry – won’t be on the agenda. For Edmonton-based AIMCo, concentrating on a specific net-zero goal would be a distraction from what’s needed to balance energy supply and emission reduction, CEO Evan Siddall said. He believes in the concept but