The Ontario Teachers’ Pension Plan has terminated an agreement to sell its 10 per cent stake in the Hudson’s Bay Co. to a private entity. The announcement comes after HBC’s publicly traded shares rose above what the Ontario Teachers’ would have received under the Jan. 3 agreement to sell them. It had agreed to sell […]
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 […]
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 […]
Many Canadians are looking forward to retiring someday, but with the rising cost of living and increasing life expectancy, many are also uncertain whether retirement will arrive anywhere near the age they expect. When employees are worried about funding retirement, they delay it. In turn, employers face mounting costs, either from pay differentials with younger replacement workers […]
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 […]
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 […]
More than half (58 per cent) of institutional investors surveyed have implemented smart beta strategies, according a recent survey from FTSE Russel. This represents a 10 per cent increase since 2018. When looking at investors that have implemented smart beta, or are evaluating or planning to use a smart beta index-based strategy, the number jumps […]
Since standard banks began to shy away from their traditional financing role after the 2008 financial crisis, institutional investors have helped maintain markets by becoming increasingly important providers of long-term capital. Historically low interest rates also pushed these sovereign wealth and pension funds away from the traditional fixed income bedrock of their portfolios into a bevy […]
Though data has been a buzzword in the investment world for years, new and unique types of data have the potential to add value to both quantitative and fundamental investment models, according to a new report by Greenwich Associates. Looking at less traditional, or alternative, forms of data is becoming more interesting to active asset managers struggling to beat […]
La Caisse de dépôt et placement du Québec is contributing $75 million in the form of a subordinated private debt to Medavie Inc. Medavie operates Medavie Blue Cross, an insurance carrier that provides health, dental, travel, life and disability benefits, as well as administers various government-sponsored health programs. “Because of its resilience to economic cycles and the stable returns […]