Oxford Properties Group, the global real estate arm of the Ontario Municipal Employees’ Retirement System, released its initial designs for the planned Union Park development in downtown Toronto. The four acre site, located just north of the city’s CN Tower, is set to become a 4.3 million square foot mixed-use space. The project, once completed, […]
The Desjardins Group pension plan is acquiring a portion of EDF Renewables Canada Inc.’s stake in the Cypress Wind Project, pending the completion of its construction and other terms and conditions. Located southeast of Medicine Hat, Alta., the project will include 48 turbines with a combined capacity of 201.6 megawatts. Construction is expected to start in […]
The outsourced chief investment officer market is growing with low barriers to entry contributing to the number of players of all sizes in the space, according to research by U.S.-based institutional investment consulting firm Callan. In evaluating the work of an OCIO, plan sponsors and other institutional investors should go well beyond simply looking at investment results, noted the research. “While […]
While carbon concerns have been dominating conversations among institutional investors looking to mitigate environmental risk, the issue of water usage should be higher on their list, according to a paper by Russell Investments Group. “Overall, we have concluded that the current water-related investment tools available are insufficient and inhibit investors from converting insights into meaningful […]
As certain major technology firms are struggling, a sub-sector of the industry is on the rise. “Cyber security companies are producing and providing essential services,” says Raj Lala, president and chief executive officer of Evolve ETFs. “They’re not producing a smartphone or a social media application, so they’re very different from the FAANG stocks out […]
The Desjardins Group Pension Plan is set to acquire a portion of EDF Renewables Canada Inc.’s stake in the Cypress Wind Project, pending the completion of its construction and other terms and conditions. Located southeast of Medicine Hat, Alta., the project will total 48 turbines with a combined capacity of 201.6 megawatts. Construction is expected […]
With political risk a constant in emerging markets, a quiet year for institutional investors playing in the space doesn’t really exist. “The noise can be triggered by geopolitical shifts, by social tensions or elections,” said Graham Stock emerging market senior sovereign strategist at BlueBay Asset Management, a division of RBC Global Asset Management, during a webinar on […]
Sun Life Financial Inc. is consolidating several elements of its asset management business. The firm’s fixed income institutional asset management businesses — Prime Advisors Inc., Ryan Labs Asset Management Inc. and Sun Life Institutional Investments Inc. — will be combined with its general account to form SLC Management, a new autonomous asset management business. SLC […]
An expert panel on sustainable finance is advocating for the government to implement a number of recommendations, including some related to pension plans and individual retirement savings accounts. For defined contribution plans, other group pension programs and registered retirement savings plans, the report suggested offering tax-based financial incentives for people who invest in accredited climate-conscious […]
The Caisse de dépôt et placement du Québec is leading a $40-million round of financing for Canadian virtual health-care platform Dialogue. Venture capital firm Holtzbrinck Ventures is also a leader in the financing, accompanied by First Ascent Ventures, Portag3 Ventures, White Star Capital, Walter Capital and National Bank of Canada. “This transaction aligns well with our Quebec investment strategy,” […]