Australian investment manager IFM Investors is opening a Toronto office at a time of substantial growth in institutional investor business, says Ken Luce, executive director of IFM Investors Canada. “We have had two significant infrastructure investments in Canada. . . . It also gives a place for our investment team to even more closely manage […]
In a year marked by unpredictability and an unexpected rift between Canada and the U.S., Sophie Leblanc wants to look forward in McGill University’s investment strategy and avoid pitfalls from short-term volatility. “I’m less concerned with short-term volatility,” says the university’s chief investment officer and treasurer. “There has been a lot of short-term volatility and […]
The Canada Pension Plan Investment Board said it earned a net return of 5.4 per cent for its second quarter. The board said the increase helped bring its net assets to $777.5 billion on Sept. 30, up from $731.7 billion at the end of the previous quarter. The increase in net assets for the quarter […]
As private market assets become more widely adopted by institutional investors, they open up new, unexpected opportunities. Tom Keenleyside, associate director of investments at Western University, is ready to meet the moment. “We are in the process of scaling up; I think private market investments have become more mainstream among institutional investors. . . . […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are supporting an investment deal in which alternative asset manager Apollo will invest $6.5 billion for a 50 per cent stake in an offshore wind project. The transaction for Ørsted’s Hornsea 3 — a U.K.-based ongoing clean energy project — […]
Hudson’s Bay Co. is returning its former stores to landlords, effectively ending a British Columbia billionaire’s fight to take over the collapsed retailer’s leases. Franco Perugini, HBC’s senior vice-president of real estate and legal, said in an email to the Canadian Press that the company is disclaiming the leases it had for 25 properties that […]
A sustainability investments classification platform co-founded by the British Columbia Investment Management Corp. is being acquired by Net Purpose. The financial details of the transaction weren’t disclosed. Through this deal, Net Purpose will bring SDI AOP methodology, data processing and customer functions in house. It will also launch enhanced sustainable development goal classifications. “As a […]
The Caisse de dépôt et placement du Québec is granting operational management of its office buildings in Quebec to real estate services firm Canderel. This partnership is designed preserve the style and character of Quebec buildings that belong to the investment organization. The move will allow the Caisse to focus entirely on its investment operations, […]
The infrastructure arm of the Ontario Municipal Employees’ Retirement System has confirmed the completed inaugural senior unsecured bond issuance for the BPC Generation Infrastructure Trust totalling $1.5 billion across five-, seven-, and 10-year tranches of notes. The transaction involving the trust, which is a holding company for the OMERS investment in Bruce Power, is one […]
The Ontario Teachers’ Pension Plan is appointing Christopher Metrakos as executive managing director of infrastructure and natural resources, effective immediately. In this role, he’ll be responsible for guiding strategy, portfolio and asset management activities globally. Metrakos joined the Ontario Teachers’ in 2014 and was most recently its senior managing director of natural resources. Read more People […]