Asia-Pacific – Benefits Canada.com

Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture

bmcgovern — Fri, 19 Apr 2024 19:00:26 +0000

The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The Ontario Teachers’ acquired the senior luxury residence operator in 2015 through a transaction by its subsidiary BayBridge Seniors Housing Inc., which includes more than 30 assets in British Columbia and Ontario. […]

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AIMCo opening first Asia office in Singapore, remains leery of China

Sadie Janes — Wed, 13 Sep 2023 19:00:43 +0000

The Alberta Investment Management Corp. is opening its first Asian office, but the Edmonton-based investment organization says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening of the AIMCo’s new Singapore office marks the first foray into the Asia-Pacific region for one of Canada’s largest institutional investors, with $158 billion of assets under management as of 2022. Evan Siddall, chief executive officer of the AIMCo, […]

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Asset managers anticipating short-term growth: survey

Gideon Scanlon — Thu, 29 Jun 2023 16:30:27 +0000

More than four-fifths (84 per cent) of asset managers expect their firms will grow over the next 18 months, according to a new survey by Northern Trust Corp. in partnership with Coalition Greenwich. The survey, which polled based 150 asset managers in the Asia-Pacific region, Europe and North America, found European respondents were most optimistic […]

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Ontario Teachers’ appointing Bruce Crane as executive managing director, head of Asia-Pacific

bwolfe — Wed, 28 Jun 2023 19:00:36 +0000

The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and portfolio management across the Ontario Teachers’ offices in Hong Kong, Mumbai and Singapore. Crane joined the pension fund in 2020 as its first employee in the Singapore office. In the new […]

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AIMCo appointing Kevin Bong as chief investment strategist, head of Singapore

bwolfe — Wed, 31 May 2023 19:00:31 +0000

The Alberta Investment Management Corp. is appointing Kevin Bong as chief investment strategist and head of Singapore, effective Aug. 14. In the new role, he’ll be responsible for setting the investment organization’s overall investment strategy, including total portfolio management, dynamic and tactical allocation, currency and cash management, with a focus on geographic diversification and thematic […]

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Ontario Teachers’ appointing Deepak Dara to lead new Indian office

Gideon Scanlon — Tue, 27 Sep 2022 15:45:28 +0000

The Ontario Teachers’ Pension Plan is opening an office in Mumbai, India, which will be headed up by Deepak Dara, currently chief of staff to the pension fund’s chief investment officer. According to a press release, the Ontario Teachers’ expects the new office to help source investments, nurture long-term partnerships and attract local talent. It […]

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OMERS’ real estate arm developing French laboratories, PSP-backed firm investing in Tokyo data centre

Gideon Scanlon — Tue, 24 May 2022 17:00:03 +0000

The real estate arm of the Ontario Municipal Employees’ Retirement System is entering a long-term strategic partnership to develop commercial laboratories in France. In the agreement it reached with French urban investor and developer NoVaxia Inc., the Oxford Property Group will co-manage approximately €1 billion ($1.4 billion) in assets which will be invested in life sciences […]

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India courting Canada’s pension funds for infrastructure investments

Gideon Scanlon — Tue, 15 Mar 2022 14:15:13 +0000

India’s finance minister is calling on Canada’s pension plans to invest in infrastructure projects in the world’s most populous democracy. This week, Mary Ng, Canada’s minister of international trade, export, small business and economic development met with Nirmala Sitharaman, India’s minister of finance, to exchange views on opportunities to further economic cooperation between the two […]

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Majority of global institutional investors expect interest rates to rise in 2022: survey

Gideon Scanlon — Thu, 09 Dec 2021 14:00:12 +0000

Almost three-quarters (73 per cent) of global institutional investors expect interest rates to rise in 2022, according to a new outlook survey by Natixis Investment Managers. Concern about rising interest rates were also reflected in responses to questions about investment decision-making, with 71 per cent of respondents saying they believe the stock market’s current rate […]

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CPPIB investing in Japanese logistics, energy partnership in Brazil

Gideon Scanlon — Wed, 20 Oct 2021 19:00:37 +0000

The Canada Pension Plan Investment Board is committing $1.3 billion to a logistics fund involved in projects in major urban centres in Japan. The GLP Development Partners IV fund, managed by the Singapore-based GLP, will focus on developing modern logistics facilities in large-scale projects around Tokyo and Osaka. So far, the fund has raised $3.6 […]

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