The Caisse de dépôt et placement du Quebec is investing $600 million in Quebec-based asset management firm Fiera Capital. The transaction is part of the investment organization’s commitment to allocate $100 billion in investments of Quebec companies by 2026, according to a press release, which noted the funds will help support Fiera Capital’s international expansion […]
Mark White, the chief executive officer of the Financial Services Regulator of Ontario, has been confirmed as chair of the Ontario Energy Board and will be stepping down from his current role effective July 16, 2024. Stephen Power, executive vice-president of corporate services at the FSRA, will serve as interim CEO while the organization undertakes an […]
The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million. The firm specializes in the secured vehicle and micro-, small- and medium-sized enterprises financing space with loans. The funds from the transaction will be used as primary capital for growth […]
Canadian pension funds invested $2.6 billion in the Asia-Pacific region in 2023, according to a new report by the Asia Pacific Foundation of Canada. It found that between 2003 and 2023, roughly 30 per cent of all Canadian investment flows in the Asia-Pacific region were made by pension funds, noting investment flows began growing in the […]
Institutional investors in North America owned US$56 billion worth of exchange-traded fund assets at the end of 2023, a 22 per cent increase year over year, according to a new report by S&P Global. The report, based on financial disclosures from U.S. and Canadian pension funds, endowments and foundations and sovereign wealth funds, found the […]
Banks must provide institutional investors with more information on climate strategies, according to the head of an organization of European pension funds and asset managers seeking to curb carbon emissions. “For investors considering their own net-zero alignment and stewardship of portfolio companies, it is critical that they have sufficient information on companies’ transition planning, including […]
The Ontario Teachers’ Pension Plan is acquiring the parent company of a Canadian reverse mortgage provider. The pension fund is buying HomeQ Corp., which owns the HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and several minor shareholders. While the financial details of the acquisition weren’t disclosed, a press release noted it’s part of the […]
Wall Street stocks are rising after three days of losses brought on by worries over the spread of the omicron variant and lingering concerns about rising inflation. On Tuesday, the S&P 500 index rose 1.5 per cent as of 1:10 p.m. Eastern. The Nasdaq rose 1.7 per cent. Both indexes were boosted by solid gains […]
After years of dramatic post-Soviet growth, Poland is a major contender within the global marketplace. Yet, it’s a mixed bag for institutional investors, who are finding both opportunities and limitations in the market. The country is holding up well in an increasingly challenging global environment where other economies are seeing growth slow, said Rachel Van […]