Brazil – Benefits Canada.com

Caisse buys stake in Brazilian energy firm subsidiary, backs Quebec-based bakery

bmcgovern — Thu, 04 Jan 2024 16:00:53 +0000

The Caisse de dépôt et placement du Québec is buying a 15 per cent stake in a subsidiary of Brazil-based renewable energy company ENGIE Brasil Energia. The $848 million investment in Transportadora Associada de Gás S.A. increases the Caisse’s stake in the company to 50 per cent, according to a press release. “Today’s announcement is consistent […]

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Would Brazil’s new bond work in Canada?

Sadie Janes — Fri, 15 Dec 2023 13:55:21 +0000

RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for those without a workplace pension plan. At a 2019 retirement security conference held in Brazil, Arun Muralidhar, chairman and chief investment officer at AlphaEngine Global Investment Solutions, proposed the introduction […]

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CPPIB backing Brazilian reforestation startup; CPPIB, IMCO and OMERS investing in Swedish car battery maker

bmcgovern — Thu, 24 Aug 2023 14:00:02 +0000

The Canada Pension Plan Investment Board is investing US$30 million in reforestation efforts in Brazil’s Amazon region through a private venture partnership. The Amazon Reforestation Fund, managed by Mombak Gestora de Recursos, will also receive an equity transfer of US$500,000 from the CPPIB. It’s the first time the CPPIB is investing in Brazilian reforestation. In […]

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2022 Top 40 Money Managers Report: Geopolitics roaring back into focus for institutional investors

bwolfe — Fri, 13 May 2022 12:53:57 +0000

While politics plays a role in most investment decisions, it tends to arise on a fairly localized basis, says Michael Craig, head of the asset allocation and derivatives teams at TD Asset Management Inc. In addition, its prominence as a factor usually rises and falls on a cycle, slipping easily off investors’ radar in times […]

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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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MSCI introducing Brazilian property index

mschmit — Fri, 02 Oct 2020 04:44:42 +0000

MSCI Inc. is expanding its range of emerging markets tools by launching a new property index for Brazil. The new index aims to bring transparency and consistent measurement to the Brazilian property market, said an MSCI press release. “Private real asset investing has become increasingly mainstream around the world, particularly in emerging markets like Brazil […]

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Greystar joins CPPIB, Cyrela in Brazilian residential real estate joint venture

mschmit — Tue, 01 Sep 2020 05:24:32 +0000

Greystar Real Estate Partners is joining the Canada Pension Plan Investment Board and Cyrela Brazil Realty in a joint venture that will develop, own and operate purpose-built multifamily rental housing in São Paulo, Brazil. The platform and partnership, first created by the CPPIB and Cyrela in November 2019, continues to target an investment of up […]

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Easing trade tensions bode well for emerging market stocks

mschmit — Thu, 23 Jan 2020 11:09:50 +0000

Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies. The U.S.-China trade war and signs of slowing global economic growth […]

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Brazil Congress passes landmark overhaul of pension system

mschmit — Wed, 23 Oct 2019 06:55:37 +0000

The Senate gave final congressional approval Tuesday to an overhaul of Brazil’s pension system, capping years of stalled efforts to sway public opinion and rein in unsustainable government spending on retirement. The Senate voted 60-19 to adopt changes for civil servants and private-sector workers, handing President Jair Bolsonaro his first major legislative victory. He proposed […]

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Challenges and opportunities of investing in Brazil

mschmit — Thu, 29 Aug 2019 04:39:20 +0000

When investing in Brazil, what considerations should institutional investors keep in mind? And how can the market fit into a pension portfolio? One issue to watch is pension reform, said Heather Hagerty, a research analyst at Fidelity Investments, during the Canadian Investment Review’s podcast “Pension Passport.” “Brazil is one of only a small number of […]

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