When it comes to the most popular investment stories of the year, Benefits Canada‘s biannual top money managers’ rankings were at the top of the list in 2017, with many readers also interested in the affect on pension plans of the Canadian dollar’s rise and interest rate boosts. Benefits Canada rounds up your favourite investment stories of 2017: […]
The Caisse de dépôt et placement du Québec has completed the previously announced $150 million financing of La Capitale Financial Group. The transaction will provide the Quebec-based company with additional capital to continue to grow and support its strategic development plan, according to a press release. It operates across Canada in the property and casualty insurance sectors, employs 2,700 […]
The Caisse de dépôt et placement du Québec and the Fonds de solidarité FTQ are providing equity to help Groupe Solmax Inc. acquire Houston-based GSE Environmental Inc. Groupe Solmax, a Canadian-based producer of polyethylene geomembranes for industrial and environmental applications, has purchased GSE Environmental, a geosynthetics manufacturer, from private equity firm Littlejohn & Co. and certain funds held by investment manager […]
Caisse de depôt et placement du Québec is purchasing a $2.5 million stake in Glutenberg Holding Co. The investment is through the Caisse’s Fonds Espace CDPQ, which was set up in 2016 to help small- and medium-sized businesses in Quebec finance global expansion projects. Along with further loans totalling another $2.5 million from the Business Development Bank of Canada […]
I have been watching Bitcoin’s price advance with trepidation. In just six months its value has quintupled and it has risen more than tenfold since last December. It started 2017 at just below $1,000 and by the end of November it hit $11,000, proceeding to surpass $16,000 a few days later. This, to me, is reminiscent of […]
The private equity arm of the Ontario Municipal Employees Retirement System and Boston-based investment firm Berkshire Partners have agreed to sell Husky Injection Molding Systems Ltd. to funds overseen by Platinum Equity for $4.9 billion. Husky is an Ontario-based company whose primary business consists of manufacturing industrial technology for the plastics industry, particularly injecting molding applications. OMERS and Berkshire Partners bought the company in […]
The Canada Pension Plan Investment Board is making an initial investment of $272 million as part of a joint venture focusing on investments and developments in Brazil’s power generation sector. The partnership, with Brazilian energy company Votorantim Energia, a subsidiary of the Votorantim Group, enables the CPPIB to “establish a footprint in the attractive Brazilian power […]
Politically motivated investments in environmental, social and governance ventures are a key factor in the underperformance of the California Public Employees’ Retirement System, according to a new report by the American Council for Capital Formation. “The ESG principles that have helped shaped CalPERS’ portfolio over the last four years are truly jeopardizing the retirement fund,” says […]
The Canada Pension Plan Investment Board is investing $320 million for a stake in Goodman Hong Kong Logistics Partnership. The partnership, which was founded in 2006, held over $4.7 billion in assets as of Sept. 30. This includes a 50 per cent stake in Hong Kong-based warehouse and distribution development Goodman Interlink, which is co-owned by the CPPIB. […]
The Desjardins Group is going carbon neutral as part of several actions the company plans to address climate change. In a release, the company pointed to its aim of supporting the transition to cleaner energy as well as pushing for the businesses it invests in to adopt ideal environmental, social and governance practices. “As a financial co-operative, […]