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Ivanhoé Cambridge CEO Nathalie Palladitcheff's Last Assessment

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Jean-Philippe Décarie of La Presse interviewed Ivanhoé Cambridge's outgoing CEO Nathalie Palladitcheff, offering a final assessment before she focuses on new challenges (translated from French): Nathalie Palladitcheff has completed the transformation process of Ivanhoé Cambridge that she began four years ago when she was appointed CEO of the real estate division of the Caisse de dépôt, and next month she will complete her integration into current activities of the institution before leaving his position to take on new challenges. Before leaving her position for good, Nathalie Palladitcheff wanted to take a final look at the nine years she spent at Ivanhoé Cambridge, including the last four as CEO. In her new role, she was called upon to carry out a major transformation of the real estate asset portfolio of this division which will be integrated into the Caisse's current activities at the end of April. “I wanted to give one last interview and meet the business communi

Don't Meddle with Canada’s Pension-Plan Model

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Earlier this week, seven former pension heavyweights came together to write an op-ed for the Globe and Mail pleading governments here not to meddle with Canada’s pension-plan model: What is the purpose of a pension plan? That’s a strange question to ask in this country, where we have spent nearly three decades building a Canadian pension model that is respected and coveted around the world. Yet, more than 90 Canadian business executives recently signed an open letter calling for governments to make re-evaluating that pension model “a national priority,” with a focus on introducing unclear mandates not related to financial returns. So, we must start at the beginning. Put simply, the purpose of a pension plan is to help secure the financial future for Canadian workers by delivering promised pension benefits at a reasonable cost. Those benefits come from two sources. First, hard-working Canadians and their employers spend decades contributing to pension plans with the promise

OPTrust Returns 5.3% in 2023

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Benefits Canada reports OPTrust returns 5.3% in 2023, marks 15 consecutive years at 100% funded status: The OPSEU Pension Trust returned 5.3 per cent for 2023, according to its latest year-end report. It found, as of Dec. 31, 2023, the plan’s net assets stood at $25 billion, up from $24.64 billion in 2022. It also reported a funded status of 100 per cent, marking 15 consecutive years at a fully funded status. Public equities (16.6 per cent), credit (12 per cent), private equity (8.7 per cent), multi-strategy investments (seven per cent) and commodities (negative 2.7 per cent) all generated higher returns than in 2022 (up from negative 17.6 per cent, negative 3.5 per cent, 4.8 per cent, negative 1.4 per cent and negative 7.1 per cent, respectively). The report noted the return from equities was attributable to exposure in technology-themed stocks, which recovered from a deep negative return in 2022. Conversely, returns from infrastructure (2.7 per cent) and real estate (nega

HOOPP Gains 9.4% in 2023

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Freschia Gonzales of Wealth Professional reports HOOPP achieves 9.38% return in 2023: The Healthcare of Ontario Pension Plan (HOOPP) announced a return of 9.38 percent for the year 2023, increasing its net assets to $112.6bn from $103.7bn at the end of 2022.   This performance secures the Plan's funded status at 115 percent, demonstrating its robust financial health by having $1.15 in assets for every dollar owed in pensions.    Despite the slight slowdown from 2022's growth, HOOPP achieved strong returns across multiple asset classes including fixed income, public equities, private equity, and private credit.