SEI Investments Canada Co. has appointed Lucy Paglione as senior client portfolio manager. In the new role, Paglione will be responsible for managing relationships with the firm’s Canadian defined benefit pension and non-profit employer clients. Her focus will be on the firm’s outsourced chief investment officer services, building custom investment strategies for those clients. Read: Assets managed by U.S. […]
RBC Global Asset Management Inc. has appointed Michael Kitt as head of real estate equity investments at RBC Global Asset Management. Kitt will be leading efforts in developing Canadian real estate pooled solutions, initially as an offering for the domestic institutional investor market, with the aim of expanding both vehicle type and targeted client groups over time. The appointment is RBC GAM’s […]
Several major Canadian public pensions are investing in Puget Holdings [no LLC], the parent company of Puget Sound Energy Inc., a regulated utility company in Washington state. The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 23.9 per cent stake, while the Alberta Investment Management Corp. is raising its previously held stake by six per cent to […]
The Caisse de dépôt et placement du Québec posted a 3.3 per cent average return for the first half of 2018, adding $9.8 billion since the end of 2017 and bringing its net assets to $308.3 billion as of June 30, 2018. “The market environment became more complex in the first half of the year,” said Michael Sabia, […]
The Canada Pension Plan Investment Board is providing more than $481 million of seed lending to Australian-based Challenger Investment Partners Ltd., a global fixed income and real estate manger. The funding it set to go to middle-market real estate loans in Australia and New Zealand, which Challenger will source and manage. “This partnership marks our first real estate […]
The Canada Pension Plan Investment Board, the Alberta Investment Management Corp. and the WPT Industrial Real Estate Investment Trust are joining forces to aggregate a portfolio of U.S. industrial properties in key logistics markets. “The combination of AIMCo and CPPIB’s scale and sophistication creates a long-term opportunity that will meet the needs of our clients and stakeholders,” said […]
The Canada Pension Plan Investment Board and Encino Energy are acquiring Chesapeake Energy Corp.’s Utica shale oil and gas assets in Ohio for $2.6 billion. Through the jointly-formed Encino Acquisition Partners, an organization formed in 2017 to seek out significant, high-margin oil and gas production and development assets in the U.S., the transaction includes more than 900,000 net acres of leasehold with […]
Very few American pension funds are incorporating environmental, social and governance issues, according to a new survey by NEPC Investment Consultants. Just 12 per cent of participants said they’re incorporating ESG factors into their investment manager selection process, while 59 per cent said they aren’t and 29 per cent said they aren’t but they’re interested in doing so. The majority […]
With the growth of investment strategies focusing on socially responsible investing, there are many angles for institutional investors to consider. A new report by Cambridge Associates indicated investors putting dollars to work with racial equity in mind will gain an advantage in the long term. While the report noted there are many potential definitions for social equity investing, it defines the […]
La Caisse de dépôt et placement du Québec is teaming up with global investment manager AMP Capital Investors Ltd. to provide more than $657 million in financing to U.S. developer Tillman Infrastructure. The investment will help finance the building of new telecommunications towers across the U.S., providing new ground for carriers to cover, as well as boosting […]