The Caisse de dépôt et placement du Québec is providing a $313-million loan to Colombia-based energy company Empresas Publicas de Medellin. It’s the pension fund’s second investment in South America in less than four months, following a loan to a toll highway in October 2017. In this deal, the Caisse is teaming up with other lenders […]
Sun Life Global Investments Inc. has completed its purchase of Excel Funds Management Inc. and Excel Investment Counsel Inc. The company originally announced the acquisition of Excel Funds, an investment manager that specializes in emerging markets funds, in September and completed the purchase on Jan. 2, 2018. Read: Sun Life subsidiary to acquire emerging market manager The […]
The median solvency ratio of Canadian defined benefit pension plans declined to 96.5 per cent in August, amid rising global political instability and subdued equity market returns, according to Aon Hewitt. Its monthly survey, which tracks the performance of the defined benefit plans it administers and calculates their solvency ratios by measuring assets over liabilities, […]
And investor group that includes the Ontario Teachers’ Pension Plan Board has completed its acquisition of a majority of the outstanding equity interests in global human resources company CareerBuilder. The transaction, which is in partnership with affiliated funds of Apollo Global Management, was announced in June. CareerBuilder’s current owners, Tegna Inc., Tribune Media Co. and […]
A blend of fiscal and monetary policies and reforms meant to give the Japanese economy a kick-start seems to be working and has improved the outlook for the country’s equity market, according to a new report by Unigestion. It noted that so-called Abenomics, the mix of policy measures introduced four years ago by Japanese Prime […]
Diversified pooled pension fund managers posted a median return of 0.7 per cent before management fees for the second quarter of 2017 and a median year-to-date return of 3.6 per cent, according to a new report by Morneau Shepell Ltd. The quarterly report, which covers about 324 pooled funds that have a market value of […]
Three to four years ago, institutional investors were showing strong interest in frontier markets as they sought opportunities for lower correlations with global markets. But then commodities took a downturn and investors quickly lost interest, says Kurt Reiman, chief investment strategist at BlackRock Asset Management Canada Ltd. “All it took was a couple of years […]
Active investors that are increasing their exposure to emerging markets should take a prudent approach on which businesses to allocate their money to, attendees at a presentation organized by Fidelity Investments heard on Thursday. While emerging markets have performed favourably with commodity prices and exchange rates stabilizing in recent months, they’re still vulnerable to recurring risks of […]
Faced with geopolitical uncertainty and limited options to increase risk asset allocations, sovereign investors are making fewer allocation changes than in any point in the past five years, according to Invesco’s fifth annual global sovereign asset management study. It found sovereign investors consider low interest rates the greatest tactical asset allocation factor, driving increasing allocations […]
The Canada Pension Plan Investment Board and an Asia-based private equity firm have signed a deal to acquire an international operator of private schools. The transaction values Hong Kong-based Nord Anglia Education Inc. at about $5.9 billion, including debt repayment. Nord Anglia has 43 schools that teach 37,000 students from kindergarten through to the end of high […]