As allocations to alternative assets grow, private equity is the most popular, trailed closely by real estate according to data from Preqin for the first half of 2019. Currently 65 per cent of institutional investors hold private equity, 63 per cent own real estate and 51 per cent have hedge funds. Somewhat less popular are […]
The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are part of a group investing in a new US$350-million fund focused on artificial intelligence. Radical Ventures, the company launching the fund, is a venture capital firm that invests in entrepreneurs involved in technology aimed at developing AI products, or applying AI, to […]
Current economic factors like low bond yields, which make it quite difficult for pension plans to meet their long-term return requirements, are driving institutional investors to allocate more to alternatives, according to Jason Campbell, a principal at Eckler Ltd. “Growth in alternatives has been steady and quite significant,” he said during a Canadian Investment Review webinar on […]
After starting to manage assets for its first two clients in July 2017, the Investment Management Corp. of Ontario has released its 2018 annual report, but investment results will be announced by its clients this year. Currently, the IMCO manages $26 billion in net assets for the Ontario Pension Board and $34 billion for the […]
The Canadian Pension Plan Investment Board and the Public Sector Pension Investment Board, along with Apax Partners, have agreed to sell Acelity Inc. and its subsidiary Kinetic Concepts Inc. to the 3M Co. for $6.73 billion. “CPPIB is pleased to have supported KCI’s delivery of medical devices and products that benefit millions of patients around the […]
The Nova Scotia Teachers’ pension plan posted a net loss in assets for 2018, down to $4.94 billion from $5.11 billion at the end of 2017. On a going-concern basis, the plan’s funded status also dropped to 75.3 per cent, from 78.4 per cent, as at Dec. 1, 2018, according to the Teachers’ Pension Plan Trustee Inc., which […]
China’s debt situation appears dramatic, but worries about it shouldn’t necessarily deter institutions looking at investing in the country, says Andy Rothman, investment strategist at Matthews Asia. The majority of the debt stems from measures taken by the Chinese government to stimulate its economy after the global financial crisis, prior to which the country’s overall […]
In a challenging 2018 market environment, the Ontario Pension Board finished the year with an annual investment return of 1.8 per cent, down from 10.8 per cent in 2017. “This return reflected the challenging investment environment in 2018, including slowing global growth, rising central bank rates that tightened liquidity and uncertain geopolitical events such as […]
OMERS Ventures, the venture capital investment arm of the Ontario Municipal Employees Retirement System, is expanding into Europe with the launch of a 300 million euro fund. Focusing on innovative technology startups, the fund’s aim is to support a multi-year global strategy for OMERS, following a major uptick in startup activity in Europe, according to a release. […]
Global institutional investors are considering different portfolio constructions to ensure outperformance in what they increasingly worry is a lower return environment, according to a new survey by Fidelity Investments. The survey, which polled 905 institutional investors in 25 countries with combined assets under management of US$29 trillion, found investors with at least $1 billion in AUM expected to make the largest […]