As active attempts to dismantle globalization are disrupting businesses already using tools to push growth and profitability forward, institutional investors need to remain vigilant after a decade of steady gains. Regardless of the asset class, cash flows over the last decade have been above average and even wildly abundant in some cases, says Robert Almeida, […]
Sun Life Global Investments Canada Inc. has named Jordy Chilcott president and senior vice-president of investment solutions. In the new role, he’s oversee the firm and focus on investment performance and driving positive client outcomes, according to a press release. “I’ve always believed the asset management business is, at its core, a people business,” said Chilcott, […]
The Caisse de dépôt et placement du Québec, alongside Fengate Asset Management, is investing in eStruxture Data Centers. The Quebec-based data centre operator currently has five data centres, three in Montreal and two in Vancouver. The co-investment will allow the company to buy a new data centre from Shaw Communications Inc. in Calgary and help […]
SNC-Lavalin Group Inc. says an Ontario judge has cleared it to proceed with the $3.25-billion sale of a stake in the 407 toll highway, paving the way for the beleaguered company to pay off hundreds of millions in debt. The engineering giant says the Ontario Superior Court has dismissed an attempt by Cintra Global to […]
The Ontario Teachers’ Pension Plan and Australian superannuation fund AustralianSuper are investing up to US$1 billion each in the National Investment and Infrastructure Fund of India’s master fund. The agreement includes US$250 million from each pension fund, as well as investment rights of up to US$750 million each for ongoing opportunities alongside the master fund. In addition, the […]
About four in 10 (41 per cent) hedge fund managers are considering environmental, social and governance factors in their allocation decisions, according to a new survey by BarclayHedge Ltd. Among this group, 52 per cent of assets are currently allocated based on ESG ratings. Last year, that number was 42 per cent and it’s projected to jump […]
In the first half of 2019, the Caisse de dépôt et placement du Québec has earned an average return on depositors’ funds of 6.1 per cent, generating more than $18 billion in net investment results. “From a market perspective, we are living in roller coaster times,” said Michael Sabia, the fund’s president and chief investment officer, […]
The number of Canadian venture capital deals declined in the first half of 2019, according to research from PwC Canada. The total amount raised by Canadian companies was down 13 per cent for the first six months of the year compared to the same time period in 2018, with the number of deals down by […]
The Public Sector Pension Investment Board, alongside private equity firm Lightyear Capital, have completed the sale of Advisor Group Inc. to Reverence Capital Partners. Since the partners acquired Advisor Group in May 2016, client assets under administration increased more than 73 per cent, from $157 billion to $272 billion. At the same time, the group grew from 5,200 […]
Senator Elizabeth Warren, who is running to become the next presidential candidate for the U.S. Democratic Party, has proposed new legislation attacking the private equity industry and calling for major reforms. The Stop Wall Street Looting Act of 2019 proposes stringent rules around private equity transactions, including making private equity firms share responsible for the debts incurred by […]