The size of the collateralized loan obligation market is revealing an interest pattern in alternative debt investment opportunities, particularly in Europe and the U.S., according to David Lindstone, executive director at Benefit Street Partners Alcentra, which is owned by Franklin Templeton Investments. “It’s about US$1.4 trillion globally at this point, so it’s a very meaningful […]
Danish pension fund AkademikerPension is divesting nearly US$100 million in U.S. treasuries, citing weak U.S. government finances. In a press release, Anders Schelde, the organization’s investment director, clarified the decision wasn’t made in response to recent U.S. threats to annex Greenland, a Danish territory. “It is not directly related to the ongoing division between the […]
The Ontario Teachers’ Pension Plan is appointing Jenny Hammarlund as executive managing director of real estate, effective Jan. 5. Hammarlund will be based in London and is responsible with guiding the real estate team’s strategy, portfolio and asset management activities globally, according to a press release. She’ll report to Gillian Brown, chief investment officer of […]
Canada’s sick pay rate is the best in North America at an average of US$697.21 per week, according to a recent report by Moorepay Ltd. The report, which researched the statutory sick pay legislation in 113 countries, found the Bahamas was the second highest in North America, with $500.19, followed by Panama at $493.39 and […]
Employers aren’t abandoning their diversity, equity and inclusion practices — rather, DEI itself is merely diverging, said Ammara Naeem, client experience director at Top Employers Institute, during a recent webinar by the organization. “There might be some shift in the external public sentiment, but when we looked at [human resources] professionals themselves, they seemed to […]
The late-stage venture and growth investment arm at the Ontario Teachers’ Pension Plan is investing US$40 million in artificial intelligence-powered human capital management platform Darwinbox. As part of the transaction, the Teachers’ Venture Growth is acquiring a stake in the technology firm through primary and secondary transactions. Darwinbox is driving an impressive adoption rate in the […]
Approximately US$330 billion green, social, sustainability, and sustainability-linked bonds in emerging markets will soon come to maturity, according to a new report by Amundi Asset Management. The expected bonds break down between $100 billion of GSSS bonds coming due in 2025 and $120 billion in 2026, compared to fewer than $50 billion in 2024. Read: […]
The Canada Pension Plan Investment Board is investing up to $720 million in Nido Living, a student housing operator in Europe. The financial backing will support Nido’s acquisition of Livensa Living, a student housing platform operating across Iberia owned by Brookfield Asset Management. The strategic acquisition demonstrates the CPPIB’s ongoing commitment to European student accommodation, […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
The Public Sector Pension Investment Board is selling a minority stake in AGS Airports to alternative asset manager Blackstone Inc. The deal will give Blackstone a 22 per cent stake in the firm. Airport operator AviAlliance, a wholly-owned subsidiary of PSP Investments, remains as majority shareholder with a 78 per cent stake. “We are pleased […]