It’s no surprise that investors can’t rely on past performance when picking a manager for tomorrow, but it remains a key driver for many investment decisions, according to a new paper by Mercer. “Despite the ever-present health warning that ‘past performance is no guide to future performance,’ there are plenty of theories in behavioural finance […]
The Caisse de dépôt et placement du Québec has created a fund worth $250 million dedicated to artificial intelligence and Quebec businesses with a proven track record in AI. The fund’s aim is to increase growth in businesses offering products based on AI and to accelerate the commercialization of these solutions. “Since Montreal is emerging as a […]
Buy-in and buyout annuity sales hit their highest level in Canadian history in 2018, reaching $4.5 billion, an increase of $800 million over 2017, according to data from Eckler Ltd. The purchases represent a 20 per cent increase in the volume of group annuities bought by Canadian pension plans, year over year. Buy-in annuities, which made up more than […]
The Healthcare of Ontario Pension Plan grew its assets to $79 billion in 2018, up from $77.8 billion at the end of 2017. However, the plan’s funded status fell slightly to 121 per cent, down from 122 per cent the previous year. It eked out a positive 2.17 per cent return in 2018, beating its benchmark, which returned […]
The Investment Management Corp. of Ontario is appointing Christian Hensley as the new senior managing director of public equities and credit, effective April 9, 2019. His previous experience includes several senior roles at the Canada Pension Plan Investment Board, including managing director and head of relationship investments. Before he joined the CPPIB, Hensley worked in private equity and growth […]
The Caisse de dépôt et placement du Québec is investing about US$250 million in ECL Finance Ltd., the non-banking arm of Edelweiss Financial Services. The investment is intended to enable ECL Finance to capitalize on opportunities in the credit market and bolster the group in capturing opportunities in the non-banking financial company space, according to a press […]
The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to the Dynamic Funds Tower, the OPTrust’s current corporate headquarters. The other investors include the Great-West Life Real Estate Fund, the London Life Real Estate Fund and I.G. Investment Management Ltd. […]
Since publicly listed equities usually make up the largest portion of institutional investor portfolios, it’s critical they aren’t left out of impact investing, said Deirdre Cooper, portfolio manager for global environment at Investec Asset Management Ltd. With the energy transition away from carbon-intensive sources already underway, a massive amount of capital still needs to be deployed to fully address […]
As the Brexit deadline of March 29 inches closer, markets remain uncertain about a resolution to the situation between the U.K. and the European Union. “The most astonishing element in all of this is that two-and-a-half years later, there’s almost no additional clarity on what we’re actually going to end up with,” said Peter Westaway, chief […]
While the bull market may not be over, more headwinds are on the way for U.S. equity markets over the next year — one of the themes investors can use exchange-traded funds to capture, according to a report by BMO Global Asset Management. Overall, the U.S. market should see moderate upside for the year, said Brian […]