The market share of responsible investment assets under management rose slightly in 2022, from 47 per cent to 49 per cent, even as AUM in general decreased, according to the Responsible Investment Association’s annual trends report. The report tracks the national trends and outlook for responsible investing by surveying asset managers, including the Alberta Investment […]
The British Columbia Investment Management Corp. is part of an investing group backing a new financial operator from Centerbridge Partners and Wells Fargo & Co. The new entity, Overland Advisors, will oversee the creation of senior secured loans for middle-market companies. The BCI is part of a $2 billion initial equity commitment. “Direct lending provides […]
The Ontario Municipal Employees’ Retirement System venture capital arm is appointing Michael Yang as managing partner and head of ventures. Yang joined OMERS Ventures in 2019 to launch its Silicon Valley office and more recently took on the role of leading ventures efforts across North America. In the new role, he’ll be responsible for leading […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in a U.K.-based wealth and investment manager. Seven Investment Management oversees more than £21 billion in assets for 2,300 financial advisory firms and 7,000 private accounts, according to a press release, which noted the organization is pursuing a new strategy of growth over the next decade based in organic net […]
The Canada Pension Plan Investment Board is investing US$30 million in reforestation efforts in Brazil’s Amazon region through a private venture partnership. The Amazon Reforestation Fund, managed by Mombak Gestora de Recursos, will also receive an equity transfer of US$500,000 from the CPPIB. It’s the first time the CPPIB is investing in Brazilian reforestation. In […]
The Ontario Municipal Employees’ Retirement System is reporting a total fund net return of 3.1 per cent for the six-month period ended June 30, 2023. The 12-month total fund net return was 7.8 per cent, while net assets totalled $127.4 billion, an increase of $7.9 billion over the last year, according to a press release. […]
The Ontario Municipal Employees’ Retirement System is appointing Michael Hill as executive vice-president and global head of infrastructure, effective Sept. 5. Hill, who has more than 30 years of experience in global investments, joins the OMERS from the Canada Pension Plan Investment Board where he was head of sustainable energies for the Americas. In the […]
The infrastructure arm of the Ontario Municipal Employees’ Retirement System is investing in a fibre-optic communication network provider. OMERS Infrastructure has agreed to make a significant capital commitment in Beanfield Technologies Inc., which operates 4,000 kilometres of fibre-optic broadband infrastructure network in Canada. The investment will be used to support the network’s expansion. According to […]
As Thames Water Utilities Ltd. came under fire this month for its financial mismanagement and poor environmental record, the debacle highlights institutional investors’ responsibilities around due diligence and risk management. “Thames Water should act as a kind of warning,” says Andrew Clare, a professor and chair in asset management at the City, University of London’s […]
The union representing employees at Montreal-based Canadian Aviation Electronics Ltd. has ratified a five-year agreement that includes retirement and benefits gains. The new agreement includes an early retirement program that allows employees to retire without penalty at the agreed upon time in the second and fourth year, starting at age 58 and meeting the factor […]