As earnings season ramps up, broad market consensus is seeking the middle way, suggesting the likelihood of a U-shaped recovery, as opposed to a roaring revamp or a genuine depression. “I think what the market consensus is expecting is reasonable,” says David Souccar, portfolio manager for international equities at Vontobel Asset Management’s quality growth boutique. […]
The Caisse de dépôt et placement du Québec is purchasing a three per cent net smelter return royalty on gold production at Monarch Gold Corp.’s Beaufor mine in Quebec for $5 million. The $5 million will be payable to Monarch in two instalments — $3 million upon closing of the transaction and an additional $2 […]
Real estate companies, just like many other businesses, are in a bizarre holding pattern, waiting for some of the measures necessitated by the coronavirus pandemic to ease. “You do have a certain amount of time you can hold your breath and the video technology and so forth has enabled us to hold our breath longer, […]
The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments. Ontario Teachers’ and Wellington are collaborating with the Woods Hole Research Center, a climate-change think tank, with the goal of applying research findings when executing the pension fund’s investment strategies and providing insights to investment […]
The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments. Wellington and the Ontario Teachers’ are collaborating with the Woods Hole Research Center, a climate-change think tank, with the goal of applying research findings when executing the Ontario Teachers’ investment strategies and […]
Searchlight Capital Partners, along with several Canadian pension investors, is acquiring the U.S. Northwest operations and assets of internet and telephone services provider Frontier Communications, forming a new company called Ziply Fiber. First announced in May 2019, Searchlight Capital has now completed the acquisition along with the British Columbia Investment Management Corp., the Canada Pension Plan Investment […]
Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I […]
Recent reports of significant investment losses on the part of the Alberta Investment Management Corp. are overblown, according to chief executive officer Kevin Uebelein. In recent weeks, many Canadian publications have pointed to problems with a volatility strategy that performed poorly amid the massive spike in volatility that equity markets have experienced due to the coronavirus […]
OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has closed a US$750 million venture capital fund. The transatlantic fund is investing in companies related to financial systems, insurance, property, logistics, health and workplace technology in Canada, the U.S., the U.K., and other countries in Europe, raising series-A to series-C financing. […]
The Investment Management Corp. of Ontario reached $70.3 billion in assets under management at the end of 2019, up from $63.3 billion at the end of 2018. In its latest annual report, the organization, which manages assets for certain broader public sector institutions, shared its growth in assets under management, but didn’t report its 2019 investment returns. “It’s important […]