Scotiabank is acquiring independent investment firm Jarislowsky Fraser Ltd. for approximately $950 million. The transaction will create the third-largest active asset manager in Canada with $166 billion in managed assets, according to a press release. The purchase will be made mostly through the issuance of Scotiabank common shares, and the company will offset the dilution of them […]
The Canada Pension Plan Investment Board saw a net increase of $8.9 billion in assets during the final quarter of 2017, bringing its total to $337.1 billion. “Exceptional performance across public equity markets internationally during the third quarter helped bring the CPP fund to a new high in line with our dual focus on total, as […]
Canada and the world enjoyed a particularly strong economic performance last year. In Canada, the unemployment rate fell to just 5.7 per cent at the end of December, while the World Bank estimates the global economy grew by three per cent last year. So with those positive results in mind, what should institutional investors keep […]
The Public Sector Pension Investment Board has appointed Neil Cunningham as president and chief executive officer. Cunningham joined the Montreal-based pension fund in June 2004 as vice-president of real estate investments. He became senior vice-president and global head of real estate in 2015 and took on oversight of the natural resources team in 2016. “Neil Cunningham has been a […]
On Monday, after a grim day the Friday before, the Dow Jones industrial average dribbled downwards throughout the day to finally plummet more than 1,500 points about an hour before the closing bell. During the following hour, it bounced back up several hundred points only to split the difference by markets’ close, falling by 1,175.21 points […]
Global defined contribution plan assets are growing faster than defined benefit pension assets, according to a new report by the Thinking Ahead Institute and Willis Towers Watson. Over the past 20 years in the seven largest pension markets (Australia, Britain, Canada, Japan, Netherlands, Switzerland and the United States), defined contribution plan assets grew at a rate of […]
Canadian defined benefit plans posted a median return of 4.29 per cent in the last quarter of 2017, a marked improvement compared to the median return of 0.55 per cent in the third quarter of the year, according to a report by BNY Mellon Asset Servicing. The firm’s tracking service, which consists of 88 Canadian corporate, public and university […]
The Canada Pension Plan Investment Board is taking part in a consortium set to enter a partnership agreement with Thomson Reuters Corp. The consortium, led by the Blackstone Group and including GIC Private Ltd., will hold 55 per cent of the equity of a new corporation that will hold Thomson Reuters’ financial and risk business. Thomson Reuters […]
The Ontario Municipal Employees Retirement System has appointed Michael Ryder as a senior managing director and head of Americas for its infrastructure arm, OMERS Infrastructure. Based in New York, Ryder joins OMERS from the Blackstone Group where he was a senior managing director with Blackstone Energy Partners. In the role, he led the firm’s midstream energy and oilfield […]
The Ontario Municipal Employees Retirement System is expanding its presence in the cryptocurrency sector with the creation of a new company called Ethereum Capital Inc. The company’s objective is to become the central business and investment hub for the Ethereum ecosystem, a technology that’s expected to become the backbone for enterprise applications developed using blockchain protocols, according […]