Pension Pulse

CPP Investments recently released its first quarter fiscal 2022 results with net assets surpassing the half-trillion mark: First-Quarter Highlights: $17.7 billion in net income generated for the Fund 10-year annualized net return of 11.1% Strong private equity gains help drive overall performance TORONTO, ON (August 13, 2021) : Canada Pension Plan Investment Board ( CPP Investments ) ended its first quarter of fiscal 2022 on June 30, 2021, with net assets of $519.6 billion, compared to $497.2 billion at the end of fiscal 2021 on March 31, 2021. The $22.4 billion increase in net assets for the quarter consisted of $17.7 billion in net income after all CPP Investments costs and $4.7 billion in net Canada Pension Plan (CPP) contributions. The Fund, which includes the combination of the base CPP and additional CPP accounts, achieved 10-year and five-year annualized net nominal returns of 11.1% and 11.4%, respectively. For the quarter, the Fund returned 3.5%, net of all CPP Inv...

OMERS released a press release today on how it is collaborating with the Vector Institute on AI: OMERS and the Vector Institute are entering a five-year strategic engagement that will see the two organizations collaborate, benefiting the pension plan and contributing to the work of the Canadian artificial intelligence (AI) ecosystem. Among the Vector Institute’s existing participant group from across financial services and other sectors of the Canadian economy, OMERS is the first pension plan to participate, building on AI progress that is underway across the organization. “In the last few years, we have made great progress in leveraging data and technology and there is strong appetite to continue to build on our ability to harness the power of data and insights to support growth and value for our members. To that end, we have established a reliable framework, developing a solid data foundation that we can trust and use responsibly,” said Monique Allen, Executive Vice P...

Ontario Teachers’ Pension Plan  released its first-half results stating net assets total $227.7 billion at mid-year 2021: First-Half Highlights: Six-month and one-year total-fund net returns of 3.8% and 13.2%, respectively $8.6 billion in net investment income generated for the Fund Since inception total-fund net return of 9.6% Plan sponsors filed fully funded valuation with regulators Successfully acquired high-quality assets on four continents TORONTO - Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced its net assets totaled $227.7 billion as at June 30, 2021. The total-fund net return was 3.8% for the six-month period, while the 12-month total-fund net return was 13.2%. Ontario Teachers’ earned $8.6 billion in net investment income during the first half of 2021. As at January 1, 2021, the plan was fully funded with an $8.5 billion surplus, underscoring its long-term financial health and sustainability. The plan’s sponsors...

Devon Pendleton of Bloomberg reports Stanley Druckenmiller exits Citi as family offices reveal stock picks: Stanley Druckenmiller is hedging his bets on the pandemic recovery. The investor, worth $10.4 billion according to the Bloomberg Billionaires Index , snapped up stocks last quarter that would get a boost as the U.S. economy emerges from Covid. His Duquesne Family Office bought Airbnb Inc. and Marriott International Inc., while adding to its holdings of Expedia Group Inc. and Starbucks Corp., according to its latest 13F filing. The firm also acquired a $91 million position in Netflix Inc. and a $52.3 million stake in vaccine maker Moderna Inc. In total, the family office disclosed almost $3.5 billion in U.S. equities, down $400 million from the prior period. The largest exit was a $154.6 million position in Citigroup Inc. which Duquesne acquired in the first quarter. Family offices, which oversee the money and personal affairs of the world’s ul...