Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]
A consortium of investment managers, including the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan, are reaching an agreement to create a global communications organization. The shareholder group of Inmarsat, a British satellite telecommunications company — which also comprises private equity firm Warburg Pincus and funds advised by Apax Partners LLP — […]
As more companies shift to net-zero commitments in the face of climate change, institutional investors play a key role in proliferating the practice through where they invest their clients’ money, said Lloyd McAllister, head of environmental, social and governance research at Newton Investment Management, during a session at the 2021 Global Investment Conference. However, he […]
Despite the low-yield environment, fixed income continues to play an important role for institutional investors looking to make their portfolios work harder in a risk-controlled fashion, said Jeffrey Moore, a portfolio manager at Fidelity Investments Inc., during a session at the Canadian Investment Review’s 2021 Global Investment Conference. “For the bond market to hurt, there needs […]
As much as institutional investors fear stock market bubbles, they have an important role to play. The flooding of capital into new technologies and innovations leading up to a bubble’s bursting fuels innovation — an area that most corporations do not invest enough in, said Randall Morck, a finance professor at the University of Alberta, […]
Some four decades ago, parliamentarians voted to restrict pension funds’ ability to borrow money without losing their tax-exempt status, though their reasoning has been lost to time. “These rules have been around forever, but . . . their intended purpose [remains obscure],” said Matias Milet, a partner at Osler, Hoskin and Harcourt LLP, during a […]
As places of economic activity, flood plains have their advantages — just ask the ancient Mesopotamians or the staff of the Winnipeg-based Teachers’ Retirement Allowance Fund. “Those of you who have been to our offices will know we’re right at the intersection of the Red and Assiniboine rivers. We are right in the flood plain […]
The recent emphasis on environmental, social and governance issues among pension investors will continue to dominate industry conversations in the future, according to a panel discussion with three high-profile figures in Canada’s investment sector during the 2021 Global Investment Conference. “If I could rename ESG, it would be GES,” said Alain Malaket, chief executive officer […]
Norway’s largest pension fund is divesting from 14 companies involved in producing nuclear missiles and other weapons. Oslo-based KLP, which manages more than 300 billion kroner (US$35.4 billion), said it made the decision after reviewing companies that may violate its guidelines on weapons. “Those excluded are mainly companies that directly or indirectly contribute to the continuing […]
The Canada Pension Plan Investment Board is part of a new joint venture that’s aiming to be one of the largest student accommodation partnerships in Europe. Alongside global real estate investment manager Round Hill Capital, the joint venture is targeting assets in excess of €1 billion and will invest in standing assets and developments across continental Europe. […]