While the majority of global fixed-income specialists see the global economy on the road to recovery, many have a significant appetite for alternative credit, such as real estate debt and bank loans, according to a new survey by Invesco Ltd. The inaugural survey interviewed 79 global fixed-income specialists, including heads of fixed income as well as chief investment […]
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has announced a $60-million investment to enhance the Laurier Québec shopping mall in Quebec City. Laurier Québec holds a dominant position in the region, and we are very pleased to invest in its modernization,” said Claude Sirois, president of retail at Ivanhoé […]
The Alternative Investment Management Association’s chief operating officer James Burron is leaving the organization to start a new, “complementary” alternative investment association. After more than six years at AIMA, Burron is launching the Canadian Association of Alternative Strategies and Assets with Caroline Chow, a former AIMA associate who left the organization in December. Originally, the two intended to […]
With several reasons for both optimism and pessimism about the economy this year, the world appears to be in a state of “stable instability,” an institutional portfolio manager said at an event in Toronto on Wednesday. “I am happy. I’m worried. . . . But I’m nonetheless hopeful,” Blair Reid, an institutional portfolio manager at […]
Canada’s economic boom in 2017 surprised economists and supported strong labour numbers. Yet, inflation also remained dormant, “which created this Goldilocks environment and, therefore, very strong financial market returns for the year,” says Luc de la Durantaye, the head of asset allocation and currency management at CIBC Asset Management Inc. That won’t be the case […]
The Caisse de dépôt et placement du Québec is providing a $313-million loan to Colombia-based energy company Empresas Publicas de Medellin. It’s the pension fund’s second investment in South America in less than four months, following a loan to a toll highway in October 2017. In this deal, the Caisse is teaming up with other lenders […]
The California State Teachers’ Retirement System and U.S. investment manager Jana Partners have sent an open letter to Apple Inc. encouraging the company to address the problem of phone addiction among young people. Collectively, the two investors hold approximately US$2 billion in Apple shares, according to the letter, which expresses concern that if left unaddressed the […]
Global institutional investors expect higher interest rates and the tapering of monetary policy to be the biggest issues affecting their portfolio performance in 2018, according to a recent survey by Schroders. The survey, which polled 500 institutional investors across North America, Europe, Latin America and Asia, also found that while 48 per cent of respondents agree geopolitical events will […]
The Canada Pension Plan Investment Board has invested a further US$1.1 billion in its U.S.-based student housing portfolio. As part of its joint venture with global investment firm GIC Private Ltd. and the Scion Group, a U.S. owner and operator of student housing communities, the pension fund has acquired 24 new assets across 20 campuses. “This is a compelling investment […]
KKR & Co. is acquiring PetVet Care Centers from the Ontario Teachers’ Pension Plan and other current shareholders. PetVet buys and operates veterinary hospitals in 22 states throughout the United States. Ontario Teachers’ originally acquired the company in early 2015. “PetVet partnered with Ontario Teachers’ because of its deep experience investing in multi-site health-care platforms, and this transaction marks […]