Right from the very beginning, the coronavirus pandemic has taken Canadian real estate investors on a wild ride. After the freefalling panic of March 2020, the sector settled into a relatively comfortable rhythm and undulated through several waves of the virus, saving one of its steeper peaks and troughs for the tail end of 2021. […]
The British Columbia Investment Management Corp. is investing in a global corporate services provider. Through the agreement, which was reached with majority investor Corsair Capital, the institutional investor will secure a minority stake in the Zedra Group. Founded in 2016, Zedra offers its clientele, which includes individuals, pension plans and corporations, a range of financial services. […]
The Ontario Municipal Employees Retirement System returned 15.7 per cent for 2021, a significant increase on its 2020 return. In its annual report, the OMERS said four key factors drove the outperformance relative to its benchmark, which was 6.6 per cent — its portfolio of public equities returned 20.7 per cent; its private equity businesses grew […]
A European long-term care home operator backed by the Canada Pension Plan Investment Board is facing allegations of elder abuse and the misappropriation of public money, according to a new report. The report, published by the Centre for International Corporate Tax Accountability and two French trade unions, the Confédération Française Démocratique du Travail and the […]
The Nova Scotia Pension Services Corp. is acquiring an industrial property for a Quebec electric vehicle design company. The 8.42 hectare facility, located in Chicago, will be redesigned in order to serve as a new production facility for Lion Electric Co. The Montreal-based electric vehicle designer and manufacturer, which produces electric vehicles for mass transit systems, is […]
The Alberta Investment Management Corp. is appointing Sandra Lau and James Barber as co-chief investment officers, effective March 1. The pair will succeed Dale MacMaster, who is retiring from the organization after 23 years. Lau will also be head of public investments, responsible for bringing together fixed income, mortgages and public equities, while Barber will be […]
The Caisse de dépôt et placement du Québec saw overall returns of 13.5 per cent in 2021, its best performance since 2010. By the end of last year, the institutional investor’s managed assets reached $419.8 billion, up from $342 billion at the beginning of the year. The Caisse exceeded its own performance expectations by about […]
The Canada Pension Plan Investment Board is entering a joint venture to develop multifamily residential communities in high-growth metropolitan areas of the U.S. The institutional investor has allocated US$979 million for a 96 per cent share in the venture. Its partner, LMC, a real estate management business and wholly owned subsidiary of Lennar Corp., will be […]
The California Public Employees’ Pension Retirement System is appointing Nicole Musicco as its new chief investment officer, effective March 28. She joins the CalPERS from RedBird Capital Partners, where she led the firm’s Canadian investment business. Previously, she managed the private markets investment program at the Investment Management Corp. of Ontario. She also spent 16 years […]
A consortium including several of Canada’s largest institutional investors is acquiring an Australian energy network. The Alberta Investment Management Corp., the Healthcare of Ontario Pension Plan, the Investment Management Corp. of Ontario and the Public Sector Pension Investment Board have joined a consortium acquiring AusNet Services Ltd. The company, which has infrastructure assets worth about […]