The purchase offer for Cirque du Soleil from its secured creditors risks eliminating Quebec’s longstanding presence as a shareholder and causing losses of tens of millions of dollars to two of the province’s largest institutional investors. A US$1.2-billion takeover proposal by a group of debt holders, which was approved on Friday as the benchmark bid […]
Several prominent players in Canada’s pensions and benefits industries have signed onto the BlackNorth Initiative, pledging to take specific actions within their organizations to tackle anti-Black racism. “The persistent inequities across our country underscore our urgent, national need to address and alleviate racial, ethnic and other tensions and to promote the elimination of anti-Black systemic […]
The Caisse de dépôt et placement du Québec, along with French utility company Engie, is acquiring the remaining 10 per cent stake in Brazilian oil and gas transportation network company Transportadora Associada de Gás. Together, the two entities bought 90 per cent of the enterprise in 2019. The latest transaction is valued at about €160 million and brings Engie’s […]
The Canada Pension Plan Investment Board is adding Boon Sim to its board of directors. Sim held senior leadership roles at Singapore-based investment house Temasek International between 2012 and 2017, most recently as president for the Americas, head of markets groups and head of life science and credit portfolios. Prior to his time at Temasek, he […]
The Ontario Municipal Employees Retirement System is acquiring a 19.99 per cent stake in TransGrid, an Australian electricity infrastructure company. The organization’s high-voltage transmission network connects around eight million people to the electricity supply. With a high proportion of regulated business making up about 90 per cent of its leased assets, TransGrid offers investors like […]
During 2020’s second quarter rebound, U.S. equities saw stronger performance than other developed markets like the U.K. and the rest of Europe. However, during the coronavirus pandemic so far, factors have moved largely in tandem in those geographies, according to Philip Lawlor, managing director and head of global investment research at FTSE Russell, during a webinar […]
Institutional investors are grappling with the long-term implications of how the coronavirus pandemic will affect demand for various real estate sectors. Many real estate assets will remain under pressure even as establishments across sectors are once again able to welcome customers, says Jeff Olin, president and chief executive officer at Vision Capital Corp., noting that […]
Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar explored some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and non-comparable and material information is not always available.” One key problem, it noted, […]
The Caisse de dépôt et placement du Québec is lending financing to Medicom Inc., a Quebec-based manufacturer and distributor of infection control products. The company, which also specializes in personal protective equipment, including medical grade face masks and gloves, has operations in North America, Europe and Asia. Through 13 distribution centres and 10 plants, it serves the health care and industrial […]
The Halifax Port ILA/HEA pension plan has appointed Blair Richards as its chief investment officer. After more than 20 years as chief executive officer, he started the new role on July 1 and is under contract until Dec. 31, 2023. David Cranston, an internal hire, took over as CEO. Richards began working on the Halifax […]