Franklin Templeton Investments Corp. has appointed Shane Clifford as its new senior managing director of alternative strategies. Reporting directly to Mat Gulley, executive vice-president and head of alternatives, Clifford will be responsible for focusing on the global growth strategy and business development for the firm’s alternatives business. “We are excited to welcome someone of Shane’s calibre to the […]
Why bigger isn't always better when it comes to choosing companies
Alternative asset funds are adapting to keep pace with the significant and growing demand from investors, according to new research by the Alternative Investment Management Association. Institutional investors are looking to the funds amid ultra-low bond yields because of their need for steady performance. While the traditional appeal has been the funds’ “high-octane performance,” institutional investors are hungry […]
RBC Global Asset Management Inc. has appointed Michael Kitt as head of real estate equity investments at RBC Global Asset Management. Kitt will be leading efforts in developing Canadian real estate pooled solutions, initially as an offering for the domestic institutional investor market, with the aim of expanding both vehicle type and targeted client groups over time. The appointment is RBC GAM’s […]
Real estate is more than a passing trend for global institutional investors, as evidenced by the growing number of allocations to the asset class of US$1 billion or more. The number of investors joining the billion-dollar club grew from 442 in 2017 to 499 this year, according to a new survey by data and intelligence company Preqin Ltd. Public […]
Canadian defined benefit pension plans experienced a modest second quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. and RBC Investor and Treasury Services. The plans in BNY Mellon’s Canadian pension fund-level benchmark posted its ninth straight positive result with a 2.16 per cent increase for the quarter. It found that plans […]
The Caisse de dépôt et placement du Québec posted a 3.3 per cent average return for the first half of 2018, adding $9.8 billion since the end of 2017 and bringing its net assets to $308.3 billion as of June 30, 2018. “The market environment became more complex in the first half of the year,” said Michael Sabia, […]
The Canada Pension Plan Investment Board, the Alberta Investment Management Corp. and the WPT Industrial Real Estate Investment Trust are joining forces to aggregate a portfolio of U.S. industrial properties in key logistics markets. “The combination of AIMCo and CPPIB’s scale and sophistication creates a long-term opportunity that will meet the needs of our clients and stakeholders,” said […]
The Canada Pension Plan Investment Board is acquiring a stake in Swiss sports data firm Sportradar. The CPPIB is making the acquisition, from Swiss private equity firm EQT Partners and other minor stakeholders, alongside growth equity firm TCV. The stake is valued at about $3.1 billion. “The sports data market, particularly real-time data, is a compelling long-term investment […]
Vestcor Investment Management Corp. posted an eight per cent return on total assets under active management in 2017, up from 6.2 cent the year before. Formerly the New Brunswick Investment Management Corp., Vestcor provides administration services for 11 public sector pension plans, as well as global investment management services to nine public sector clients with […]