More than four-fifths (84 per cent) of asset managers expect their firms will grow over the next 18 months, according to a new survey by Northern Trust Corp. in partnership with Coalition Greenwich. The survey, which polled based 150 asset managers in the Asia-Pacific region, Europe and North America, found European respondents were most optimistic […]
The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and portfolio management across the Ontario Teachers’ offices in Hong Kong, Mumbai and Singapore. Crane joined the pension fund in 2020 as its first employee in the Singapore office. In the new […]
The British Columbia Investment Management Corp. saw a return of 3.5 per cent and increased its assets under management from $228.6 billion to $233 billion during the fiscal year ending March 31, 2023. According to the investment organization’s annual results, the $3.9 billion increase reflected investment gains of $6.8 billion and $2.8 million in net […]
The real estate arm of the Caisse de dépôt et placement du Québec is making its first investment in alternative industrial assets through a partnership with a self storage company. The US$400-million strategic partnership between Ivanhoé Cambridge and Safely Store Self Storage Inc. will make targeted investments in the U.S. self storage sector. Its first […]
An article on Canadians’ retirement readiness was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. PwC Canada promoting inclusive work environment with three new employee resource groups 3. How employers can support LGBTQ2S+ […]
Considering women account for just over half of the population, Andrew MacDougall understands why — taken in isolation — the state of female representation at the top level of Canada’s public companies can seem a little underwhelming. According to the most recent round of disclosures, around 34 per cent of seats on the boards of […]
The current economic maelstrom, with its high inflation and interest rates, has left many institutional investors operating in uncharted territory — though not Rashid Maqsood, vice-president of treasury at electrical products distributor Rexel North America Inc. His career began in the late 1970s — almost a decade before central banks began setting inflation targets. “It’s […]
The Caisse de dépôt et placement du Québec is entering a strategic agricultural partnership with an Australian government bank. The investment organization and the Clean Energy Finance Corp. will launch an investment platform targeting farmland across Australia. The platform will make an initial allocation of $178 million over the next three years and its assets […]
The Caisse de dépôt et placement du Québec isn’t fulfilling its mandate to achieve optimal investment returns within its investment framework, according to a new report by the Centre for Productivity and Prosperity, a public interest group funded by the Quebec government and the Walter J. Somers Foundation. “The CDPQ is performing well enough to […]
The Ontario Municipal Employees’ Retirement System’s real estate arm is jointly acquiring a hotel in Banff National Park, Alta., alongside Accor, a French hospitality business. Oxford Properties Group and its partner will acquire the Rimrock Resort Hotel, a 333-room hotel in the Bow Valley. It’s the first hotel the real estate investor has acquired since […]