| Rank | Pension Fund | Market Value (as of Dec 31) $ millions | In-house (%) | Balanced (%) | Specialist (%) |
|---|---|---|---|---|---|
| Source : Benefits Canada, "The 19th Annual Top 100 Pension fund Survey", April, 1998 | |||||
| 1 | Ontario Teachers | $52,948.0 | 88.5 | 0 | 11.5 |
| 2 | Quebec Public Employees | $49,000.0 | 45.4 | 54.6 | 0 |
| 3 | OMERS | $29,520.0 | 81.0 | 0 | 19.0 |
| 4 | Hospitals of Ontario Pension Plan | $13,093.0 | 86.1 | 0 | 13.9 |
| 5 | B.C. Municipal | $10,985.6 | 74.4 | 0 | 25.6 |
| 6 | BCE Inc. | $10,462.6 | 0 | 100.0 | 0 |
| 7 | Ontario Hydro | $10,097.0 | 75.0 | 0 | 25.0 |
| 8 | Ontario Pension Board | $10,029.0 | 39.8 | 48.2 | 12.0 |
| 9 | Canadian National Railways | $9,874.2 | 99.0 | 0 | 1.0 |
| 10 | B.C. Public Service | $9,226.1 | 74.7 | 0 | 25.3 |
| 11 | B.C. Teachers | $8,232.5 | 68.4 | 0 | 31.6 |
| 12 | Hydro-Quebec | $7,800.0 | 50.0 | 0 | 50.0 |
| 13 | OPSEU Pension Trust | $7,707.0 | 33.2 | 0 | 66.8 |
| 14 | Alberta Local Authorities | $7,204.8 | 84.8 | 0 | 15.2 |
| 15 | Quebec Teachers | $6,700.0 | 100.0 | 0 | 0 |
| 16 | Quebec Construction | $6,177.0 | 0 | 100.0 | 0 |
| 17 | General Motors of Canada | $5,484.0 | 0 | 0 | 0 |
| 18 | Nova Scotia Public Service | $5,330.0 | 34.7 | 0 | 65.3 |
| 19 | Canadian Pacific | $4,908.9 | 92.0 | 0 | 8.0 |
| 20 | Air Canada | $4,642.9 | 59.1 | 0 | 40.9 |
| 21 | CBC | $3,370.3 | 97.0 | 0 | 3.0 |
| 22 | Alberta Public Service | $3,331.6 | 85.7 | 0 | 14.3 |
| 23 | CAAT | $3,323.0 | 0 | 0 | 100.0 |
| 24 | Alcan Aluminium | $3,322.0 | 14.8 | 0 | 85.2 |
| 25 | Royal Bank | $3,093.0 | 0 | 97.3 | 2.7 |
Alberta Local Authorities Pension Plan and the Alberta Public Service Pension Plan, form nearly half of the $33 billion Investment Management Division (IMD) of the Alberta Treasury. IMD inception took place almost two decades ago.Endnote 13 Still another is the $5.3 billion New Brunswick Investment Management Corporation (IMC), a crown corporation set up in 1996 with a statutory mandate for allocating the assets of three public sector pension funds, including the New Brunswick Public Service Superannuation Plan and the New Brunswick Teachers Pension Plan.Endnote 14 Like the Caisse de dépôt, several of these entities aggregate and invest other public monies as well.
These and other models suggest something of the investment power that Canadian public sector pension funds have attained in capital markets located in regions, nationally and worldwide. Presumably, this has been accompanied by the efficiency gained in scale economies and substantially reduced per plan operating costs than might otherwise be possible.