The Ontario Teachers’ Pension Plan is investing $80 million in logistics service provider Xpressbees. The Indian packaging and shipping company, which offers its services across the country, is using cutting edge technology to advance its business, according to a press release. “India is a critical market for our [Teachers’ Venture Growth] Asia strategy, where we […]
The Caisse de dépôt et placement du Québec is increasing its exposure to fintech opportunities. The investment organization was among investors in a $71 million funding round from venture capital firm Luge Capital that was dedicated to fintech startups. The new fund, which will focus on Canadian and U.S. companies, will also include vertical fintech […]
In the pursuit of long-term portfolio construction solutions, institutional investors are increasingly turning their attention to the private debt asset class, says David Sum, director of the alternative income group at Ninepoint Partners. “Looking ahead, we believe the current high interest rate environment and liquidity constraints from banks and the syndicated market creates a favourable […]
The infrastructure arm of the Ontario Municipal Employees’ Retirement System is investing in a fibre-optic communication network provider. OMERS Infrastructure has agreed to make a significant capital commitment in Beanfield Technologies Inc., which operates 4,000 kilometres of fibre-optic broadband infrastructure network in Canada. The investment will be used to support the network’s expansion. According to […]
Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. The Canada Pension Plan […]
As Thames Water Utilities Ltd. came under fire this month for its financial mismanagement and poor environmental record, the debacle highlights institutional investors’ responsibilities around due diligence and risk management. “Thames Water should act as a kind of warning,” says Andrew Clare, a professor and chair in asset management at the City, University of London’s […]
The British Columbia Investment Management Corp. saw a return of 3.5 per cent and increased its assets under management from $228.6 billion to $233 billion during the fiscal year ending March 31, 2023. According to the investment organization’s annual results, the $3.9 billion increase reflected investment gains of $6.8 billion and $2.8 million in net […]
Considering women account for just over half of the population, Andrew MacDougall understands why — taken in isolation — the state of female representation at the top level of Canada’s public companies can seem a little underwhelming. According to the most recent round of disclosures, around 34 per cent of seats on the boards of […]
The British Columbia Investment Management Corp. and the Canada Pension Plan Investment Board are backing an acquisition in the agricultural industry. Bunge Ltd., an oilseed and grain trader that generated US$67.23 billion in revenue in 2022, will take over privately held rival Viterra Ltd. Under the terms of a definitive agreement, Viterra shareholders will receive […]
Representatives from six of Canada’s largest public sector pension investment organizations addressed a special parliamentary committee on Monday. The special committee on the Canada–People’s Republic of China Relations called on the British Columbia Investment Management Corp., the Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec, the Ontario Teachers’ Pension Plan […]