The Public Sector Pension Investment Board is investing $20 million in Burnaby, B.C.-based quantum computing systems and software company D-Wave Systems Inc. In April 2017, D-Wave received a conditional commitment from PSP Investments for the investment. A press released noted the company has now satisfied all the key conditions, including the fabrication and testing of a working processor and the […]
The Caisse de dépôt et placement du Québec is leading a group of investors in the acquisition of New Jersey-based school bus company Student Transportation Inc. The pension fund, along with U.S.-based insurance and investment company Ullico Inc., will purchase all of Student Transportation’s outstanding common shares. Current shareholders will receive US$7.50 per share, which accounts for […]
The Ontario Municipal Employees Retirement System saw its net investment return rise to 11.5 per cent at the end of 2017, compared to 10.3 per cent at the end of 2016 and a benchmark of 7.3 per cent. Its investments generated almost $10 billion in net investment income during the year, with net assets increasing to $95 billion […]
Investors are putting risk at the centre of their asset allocation decisions — and that’s good news. The trouble is, the risk models they’re using aren’t up to the task. So says Sebastien Page, head of global multi-asset at T. Rowe Price Group Inc. Despite shortcomings with the current models, he believes there are solutions to help investors […]
The majority of global institutional investors are expecting 2018 to bring more volatility in both the stock (78 per cent) and bond markets (70 per cent), according to a new survey by Natixis Investment Managers. “They do anticipate volatility coming back to the market, and they’re really trying to make sure they’re positioned for when it […]
The Caisse de dépôt et placement du Québec returned 9.3 per cent in 2017, an increase on its return of 7.6 per cent in 2016. While announcing the annual results on Wednesday, Michael Sabia, president and chief executive officer of the Caisse, said the portfolio reacted almost exactly as forecasted. He also highlighted the important transition period […]
The infrastructure arm of the Ontario Municipal Employees Retirement System is making a further investment in the company that owns Britain’s largest water and wastewater services provider. The transaction, for an additional four per cent in Kemble Water Holdings Ltd., the holding company of Thames Water Utilities Ltd., is to close later in 2018. When it closes, OMERS will have […]
The Caisse de dépôt et placement du Québec and Agropur Cooperative are establishing a joint investment platform for businesses in the dairy industry. Valued at $40 million, the platform will be equally funded by the two organizations and will be investing in innovative companies that specialize in dairy-related products and technologies. According to a press release, […]
The OPSEU Pension Trust and partners are launching an investment vehicle that focuses on North American data centres. Formed alongside Mount Elbert Capital Partners and GIC Private Ltd., the pension fund’s new platform, EdgeCore Internet Real Estate, will receive initial capitalization of US$800 million to develop, acquire and operate data centres with an eye to eventually supporting $2 […]
The Caisse de dépôt et placement du Québec is leading a $20 million round of financing for the Canadian clothier Frank And Oak. Alongside consumer technology investor Goodwater Capital and Investissement Québec, the investment aims to accelerate the growth of the company’s digital retail platform, as well as artificial intelligence components of its personalized recommendations to customers. Headquartered in Montreal, Frank and Oak has 16 […]