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Super funds partner with Canadian pension funds to unlock capital

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The news: Some of the largest industry superannuation funds have signed a memorandum of understanding (MoU) with their Canadian pension counterparts in a bid to unlock more investment in both countries.

The context: The partnership was launched today as part of Canadian Prime Minister Mark Carney’s visit to Australia.

The MoU will facilitate dialogue with governments on policy barriers and solutions to improve the business environment for investment in each country and to unlock long term capital for private investment.

The Australian signatories include:

  • Australian Retirement Trust
  • AustralianSuper
  • Aware Super
  • CareSuper
  • CBUS Super
  • HESTA
  • Hostplus
  • IFM Investors
  • Rest.

The Canadian pension funds include:

  • Alberta Investment Management Corporation
  • British Columbia Investment Management Corporation
  • La Caisse
  • CPP Investments
  • HOOPP
  • Investment Management Corporation of Ontario
  • OMERS
  • Ontario Teachers’ Pension Plan
  • PSP Investments.

By Jassmyn Goh