The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW Treasury Corp., or TCorp, the financial services provider used by the New South Wales public sector in Australia. The Ontario Teachers’ remains the largest individual shareholder in Brussels Airport. “As a […]
The Laborers’ International Union of North America’s Central and Eastern Canada Pension Fund and Freed Developments Ltd. are jointly acquiring a mixed-use site in Toronto. Fengate Asset Management Ltd. is managing the purchase on behalf of the LiUNA, taking on 21,853 square metres in real estate from Allied Hotel Properties Inc. Currently, the site holds a six-story hotel and […]
The Caisse de dépôt et placement du Québec, together with iNovia Capital, is investing US$37 million in home care technology provider AlayaCare. AlayaCare provides a cloud-based platform for back-office, client and family portals, remote patient monitoring, telehealth services and mobile care worker functionality. The investment is intended to help the company continue its merger and acquisitions […]
Canada’s defined benefit pension plans increased their solvency levels in 2019 and have equity markets to thank, according to Mercer. The Mercer pension health index, which represents the solvency of a hypothetical plan, increased to 112 per cent in the final quarter of the year, up from 105 per cent at the end of the […]
Looking back on last year’s investment activity, institutional investors continued to pile into private equity. Globally, commitments to private equity funds jumped 27 per cent, or US$41 billion, in the third quarter, although there were only 201 final closes for the period, down seven per cent from the quarter prior, according to a report from […]
Shareholder environmental activism has been growing in popularity with institutional investors, but is it working? The New York City pension system implemented a boardroom accountability project in 2014, with the intent of improving the sustainability characteristics of its portfolio companies. And, according to a new paper, results show firms targeted by the boardroom accountability project’s […]
The company behind the $6.2-billion Coastal GasLink pipeline in British Columbia has made a deal to sell a 65 per cent equity interest in the project. In a news release, TC Energy Corp. said it has entered into an agreement for the sale to KKR & Co. Inc. and the Alberta Investment Management Corp., on behalf of certain […]
Investors are waiting for some of the conflicts causing global uncertainty to be resolved. But will they get their wish in 2020? “We’re entering the year, the decade, on pretty unstable footing,” said Dawn Desjardins, vice-president and deputy chief economist at the Royal Bank of Canada, during the keynote session at the Canadian Investment Review’s 2019 […]
When the Ontario Teachers’ Pension Plan started to zero in on environmental, social and governance issues, it began by asking why these subjects were worth pursuing in the first place. “We started this journey 10 years ago,” said Barbara Zvan, chief risk and strategy officer at the Ontario Teachers’, during a session at the Canadian Investment […]
In the investment space, readers were focused on the moves of the big public pension funds and real estate investment in 2019, with the top three most-read stories tackling those topics. Benefits Canada rounds up the industry’s favourite investment stories of the year: 1. Canadian DB plans return median 1.7 per cent in Q3 2. Hugh O’Reilly stepping down from OPTrust 3. OPTrust partners […]