The Canada Pension Plan Investment Board and Encino Energy are acquiring Chesapeake Energy Corp.’s Utica shale oil and gas assets in Ohio for $2.6 billion. Through the jointly-formed Encino Acquisition Partners, an organization formed in 2017 to seek out significant, high-margin oil and gas production and development assets in the U.S., the transaction includes more than 900,000 net acres of leasehold with […]
With the Trump administration continuing to take aim at its major trading partners, institutional money managers are warning investors to anticipate more volatility in equity markets. “A full-blown trade war would be a major reversal of the trend toward globalization that has underpinned markets for decades and could have severe consequences for corporate profits, given the importance […]
The Ontario Teachers’ Pension Plan is providing a $200 million round of financing to Stem Inc. to finance its acquisition of artificial intelligence-driven energy storage projects in Ontario. The pension fund took part in the company’s first round of Series D financing in January 2018. Within the next 12 months, Stem plans to use the funds to expand its […]
La Caisse de dépôt et placement du Québec is teaming up with global investment manager AMP Capital Investors Ltd. to provide more than $657 million in financing to U.S. developer Tillman Infrastructure. The investment will help finance the building of new telecommunications towers across the U.S., providing new ground for carriers to cover, as well as boosting […]
Despite the Trump administration’s ongoing trade antics, U.S. markets appear to have calmed their jitters compared to the first quarter of 2018, but there are still rumblings below the surface, according to one expert. David Jilek, vice-president and chief investment strategist at Gateway Investment Advisers, says institutional investors taking on a more active equity strategy will […]
Climate Action 100+ is ramping up its action on climate change by highlighting a further 61 companies for institutional investors to focus on. The group is comprised of 225 global investors with more than US$26 trillion in assets under management, including several Canadian pension funds, such as the British Columbia Investment Management Corp., the British Columbia Municipal […]
The Caisse de dépôt et placement du Québec is investing $250 million in Avison Young Inc. The investment will help speed up the global commercial real estate firm’s strategic growth plan, according to a news release. “Avison Young’s track record and experienced team speak for themselves: through a well-defined and executed business strategy, the company has grown […]
Connor, Clark & Lunn Financial Group Ltd. is forming Vergent Asset Management, an investment manager that will focus on frontier and emerging markets. Founded by managing partners Ali Al Nasser and Nemer Bechara, the investment team will be led by Nasser, who has 15 years of experience managing institutional capital across frontier markets. “We are pleased to […]
Tensions between China and the United States are heating up as the Trump administration proposed a 10 per cent tariff on $200 billion worth of Chinese goods last week. The U.S. is hitting China where it hurts, according to an economic insight report from Benjamin Tal, deputy chief economist of CIBC World Markets Inc., and Katherine […]
Some of the world’s major indexes are bringing Saudi Arabia’s public equities into the mix, a move that could alter the landscape for emerging market investments. As of June 2019, MSCI Inc. will include its Saudi Arabia index in the MSCI emerging markets index. The 32 securities from the country will make up a weight of approximately 2.6 per […]