Annual Canadian Employee Benefits Conference Relocates from San Diego to Canada

The event, hosted by the International Foundation of Employee Benefit Plans, is moved amidst tensions between the US and Canada.



The International Foundation of Employee Benefit Plans, an educational organization for the employee benefits industry,
announced Monday that it will relocate a premier Canadian pension and benefits conference from California to a location in Canada.

The 58th Annual Canadian Employee benefits Conference was set to be held between November 23 and November 26 in San Diego. The event has often been held in the U.S.; including last year, when it was held in San Antonio, and in 2022 when it was held in New Orleans. In 2023, the conference was held in Montréal.

“After careful consideration, the foundation has decided to relocate the 58th Annual Canadian Employee Benefits Conference from San Diego, California to a new location in Canada. The Canadian Board and related committees—as well as consultation with members, speakers and sponsors—helped guide this decision,” the IFEBP said in a statement on its web site. 

A spokesperson for the IFEBP did not immediately respond to a request for comment. 

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A new interim final rule from the Department of Homeland Security requires foreign nationals, including Canadians over the age of 14, to register with the government if they are visiting the U.S. for more than 30 days. 

The Canadian government had updated its advisories for travel to the U.S., requiring its citizens to register with the U.S. federal government if they are staying for more than 30 days.

The conference relocation also comes at a time when relations between the U.S. and Canada have worsened, with the two countries imposing high tariffs on each other, and President Trump repeatedly has called for the U.S. to annex Canada. Additionally, there have been recent news reports that some Canadian pension funds are limiting the addition of U.S.-based investments to their portfolios.

“For nearly six decades, the Foundation’s mission has been to provide best-in-class education for the Canadian pensions and benefits industry. We look forward to welcoming you this fall to an outstanding 58th Annual Canadian Employee Benefits Conference,” the IFEBP said in a statement.

The IFEBP provides educational resources to organizations that represent more than 25 million workers in the U.S. and Canada. The group’s U.S. annual conference is scheduled for November 9-12 in Honolulu.

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University of Utah Selects Cynosure as OCIO for $1.8B Endowment

The Salt Lake City-based fiduciary manager was selected from 50 potential service providers.



The University of Utah Growth Capital Partners Foundation, a charitable organization which oversees the management of the university’s $1.81 billion endowment,
announced on Friday the appointment of the Cynosure Group as the fund’s new outsourced CIO. 

“The outsourcing of the traditional chief investment office function—for managing the university’s endowment portfolio—will better protect and grow these investments, providing additional resources to accomplish the university’s mission and goals for future generations,” said David Anderson, chairman and CEO of the University of Utah GCPF, in a statement.  

Salt-Lake City based Cynosure manages $8 billion in assets. It works with family offices, foundations and endowments, according to its web site. The firm’s Cynosure Capital Management group is led by Chairman and Co-Founder Randal Quarles, a former vice chairman of the Federal Reserve and former managing director of the Carlyle Group. Charles E.F. Millard, a former head of the Pension Benefit Guaranty Corporation, is also a senior adviser at Cynosure. 

According to a statement from the university, the firm was chosen due to its ability to achieve a five-year annualized return of 14% for similar institutional clients. The University of Utah endowment achieved an annualized 5.9% return over the past 10 years, as of June 30, 2024. 

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“There are many factors that contribute to investment success and that had to be weighed when deciding to partner with an investment firm in any capacity,” Anderson said. “The factor that matters most is impossible to measure and that is future investment returns.” 

In 2022, the university transferred the management of the endowment to the University of Utah Growth Capital Partners, following the retirement of Jonathan Shear, then the university’s CIO. In 2024, the university began a selection process for an OCIO firm. The director of investments of the University of Utah would act as a liaison between FCPF and the OCIO firm, according to a 2024 job posting.  

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How Big Is OCIO Market? At Least $4.79T, per Chestnut Advisory 

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