In Africa, Asia, Latin America and the Middle East, pension funds are increasing their exposure to equities at the expense of fixed income, according to a new report by Mercer. In aggregate, over the five-year measurement period, average allocations to equities for the growth markets covered by the report rose eight percentage points to 40 per […]
The Alberta Investment Management Corp. is partnering with machine learning company AltaML Inc., to build artificial intelligence and machine learning applications for the investment management space. This joint venture will leverage the AIMCo’s expertise in investment management and AltaML’s technological and development capabilities. The partners are working on use cases, or mini projects, in both […]
The Caisse de dépôt et placement du Québec is partnering with private equity firm Australis Partners and the International Finance Corp., a part of the World Bank Group, to acquire 50 per cent stakes in Colombia-based Alianza Fiduciaria and Alianza Valores. Both firms are owned by Advent International, a British private equity firm. Alianza Fiduciaria is a […]
Almost a third of General Motors Inc. investors with nearly $2 trillion in total assets under management voted in favour of a shareholder resolution last week requesting the car manufacturer disclose its lobbying practices around vehicle emission standards. The vote, led by Canadian responsible investment firm NEI Investments and New York City Comptroller Scott Stringer, took […]
The Public Sector Pension Investment Board reported a net return of 7.1 per cent at the end of its last fiscal year, ending March 31, 2019. The fund increased its overall assets under management by 9.7 per cent, jumping from $153.1 billion to $168 billion, including the $3.7 billion the fund received in net contributions. […]
While taking an active approach to investment management is paying off for the Canada Pension Plan Investment Board, the Public Sector Pension Investment Board’s actively managed returns are similar to what they would be if it had taken a passive approach, according to a new report by the parliamentary budget officer. The PBO prepared the […]
The British Columbia Investment Management Corp., together with private equity firm Preservation Capital Partners, is investing in BMS Group Ltd., the U.K.-based brokerage arm of Minova Insurance Holdings Ltd. While the exact terms of the investment weren’t disclosed, the deal values BMS Group at £500 million, subject to regulatory approvals. “As an investor of patient capital, we seek […]
The market value of Canadian trusteed pension fund assets decreased by 1.3 per cent in Q4 2018 compared to the previous quarter, landing at $1.87 trillion. Yet, on a year-over-year basis, the market value of assets rose by 1.6 per cent compared to the fourth quarter of 2017. The strongest area of growth was mortgage […]
Sun Life Financial is making changes to its global finance leadership team and its investment management team. Marlene Van den Hoogen is the new senior vice-president and chief financial and operations officer at Sun Life Investment Management. She joined the team in April, after more than eight years at Sun Life Financial, where she held the roles of […]
With a challenging backdrop to the current investment landscape, certain topics are continually resurfacing when chief investment officers speak with asset owners. The conversation is dominated by the desire to get more out of manager relationships, increasing the amount of insight investors gain from them, said Neil Blundell, head of global client solutions at Invesco, in a webinar […]