Ensuring a glide path’s asset allocation is correct is really important since it’s going to be managing the bulk of positions for so many defined contribution plan members, according to Ruthann Pritchard, speaking at the 2018 Defined Contribution Investment Forum in Toronto in September. While the level of equity within the glide path at any given moment […]
The Canada Pension Plan Investment Board says it isn’t yet interested in making direct investments in Canada’s newly legalized recreational marijuana industry. Michel Leduc, global head of public affairs and communications, says the sector is “not an area of focus” for the organization that invests Canada Pension Plan funds on behalf of about 20 million Canadian contributors and beneficiaries. […]
The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent. The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million. “Through this investment, we are reaffirming our commitment to Azure Power and […]
The Caisse de dépôt et placement du Québec is teaming up with Generation Investment Management to acquire General Atlantic’s and H.I.G. Capital’s investment in FNZ, a global fintech firm. With the investment, the firm is valued at approximately £1.65 billion. The firm itself holds £330 billion in assets under administration, servicing the needs of its partners, such […]
Will institutional investors be able to breathe a sigh of relief now that North America has come away from the negotiating table with a new trade deal? As the new United States-Mexico-Canada Agreement replaces the long negotiated North America Free Trade Agreement, political cohesion in North America has been restored, according to Dec Mullarkey, managing director in the investment strategy […]
The Caisse de dépôt et placement du Québec is investing about $128 million in further supporting Hopper, a Montreal-based travel booking app. The app, which topped 30 million installs over the past year, intends to use the funding to expand its market presence globally and continue to develop its artificial intelligence capacities, according to a press release. Hopper […]
A growing number of institutional investors believe integrating environmental, social and governance factors into their portfolios can help generate alpha, according to a new survey by RBC Global Asset Management Inc. This represents a major jump, from 24 per cent in last year’s survey to 38 per cent this year. On the other hand, 20 per […]
In the third quarter of 2018, Canadian defined benefit pension plans reached their highest solvency ratio of any quarter since November 2000, according to Mercer’s latest pension health index. Representing a hypothetical plan, the index reached a 112 per cent solvency level as of Sept. 28, 2018, up from 107 per cent at the ned of […]
The challenging questions for institutional investors going into the last months of 2018 will be how much further global trade tensions will rise and the subsequent impact on economic growth, company profits and inflation, according to Russell Investments latest market outlook. As well, further action on the part of the U.S. Federal Reserve will be a […]
One of Neiman Marcus Group Ltd.’s debtholder believes the company could be in default based on a transaction involving the Canada Pension Plan Investment Board. Marble Ridge Capital LP, which is invested in some of the group’s debt, namely its 8.75 per cent senior notes and term loans, sent a letter last week expressing serious concern over […]