The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing […]
Sun Life Financial Canada is making adjustments to its leadership teams. Heading up the newly created client experience office, Eric Monteiro, senior vice-president and chief client experience officer, will head up his own team. Monteiro joined Sun Life in 2016 as chief analytics and engineering officer for individual insurance and wealth. Before that, he was chief strategy […]
Ontario’s defined benefit pension plans had a median solvency ratio of 94 per cent at the end of 2018, according to the Financial Services Commission of Ontario’s latest report. The median ratio represents a decline from the previous quarter, which sat at 101 per cent as of Sept. 30, 2018. More than half (53.9 per cent) […]
The Caisse de dépôt et placement du Québec is making investments totalling $127 million to two new funds formed by iNovia Capital, a Quebec venture capital firm. Initially, the Caisse will invest $100 million towards the fund targeting growing technology companies, while the remaining $27 million will be set aside for iNovia Capital’s startup fund. Read: […]
The Canada Pension Plan Investment Board is signing a strategic partnership with La Française, a third-party asset manager, to launch a new real estate investment and development vehicle called Société Foncière et Immobilière du Grand Paris. The CPPIB will hold 80 per cent of the venture while the remaining 20 per cent will be held by the Caisse […]
As alternative investments become ubiquitous among institutional portfolios, harnessing the right strategies will make all the difference in an environment where returns are proving harder to find, said John Gray, partner at Adams Street Partners. “In a world where everybody needs return . . . people are ramping up their allocations to private equity,” he […]
Though the term ‘corporate social responsibility’ varies across companies and countries, it’s generally considered to be a form of organizational self-regulation focusing on an employer’s approach to sustainability across a variety of topics, such as environmental efforts, human rights, corporate governance, health and safety and economic development. Unilever’s sustainable living plan sets out ambitious targets […]
The world was caught off guard when the U.K. voted to leave the European Union on June 23, 2016, since the majority of polls had predicted the opposite outcome. In the wake of the vote, the British pound fell in value relative to other currencies to levels not seen since 1985. It’s a real-time example […]
Following years of steady, globally synchronized growth, volatility is back. In the final weeks of 2018, North American stock markets were especially hectic, posting losses in December to round out a relatively challenging year. Virtually every asset class, with the notable exception of commodities, has done well over the past decade, says Bert Clark, president […]
The Canada Pension Plan Investment Board grew its net assets by $0.2 billion during its third fiscal quarter, pushing overall assets up to $368.5 billion, off a 1.1 per cent return. “Broad declines in global public equity markets created a challenging investment environment during the quarter,” said Mark Machin, president and chief executive officer of […]