Globally, sovereign investors have enjoyed the hefty returns stemming from almost a decade of charging equity markets, but they’re set to make major moves into alternatives going forward, according to Invesco’s latest study. The study, which surveyed 126 sovereign investors and central bank reserve managers representing $17 trillion in assets, found an average equity return of 8.7 per […]
The Public Sector Pension Investment Board is joining a consortium of investors to purchase the holding company that owns the majority share of Italian pharmaceuticals group Recordati. The consortium, which includes global private markets firm StepStone and private equity company CVC Capital Partners, is purchasing Finanziaria Industriale Mobiliare ed Immobiliare, which owns 51.8 per cent of Recordati, for a value of about […]
The Ontario Municipal Employees Retirement System is set to become the lead investor in Tennessee-based Premise Health Holding Corp. The company, which provides on-site, community and virtual health-care services for employers, aims to help mitigate the rising costs of health care to organizations. “Over the last four years, we have significantly expanded and evolved our model to […]
Vestcor Investment Management Corp. posted an eight per cent return on total assets under active management in 2017, up from 6.2 cent the year before. Formerly the New Brunswick Investment Management Corp., Vestcor provides administration services for 11 public sector pension plans, as well as global investment management services to nine public sector clients with […]
The Caisse de dépôt et placement du Québec is investing $50 million in Canadian construction company Pomerleau Inc. The investment, which makes the Caisse a minority shareholder in the company, aims to allow Pomerleau to follow through with its expansion strategy targeting new opportunities for growth, as well as to innovate, equip itself with better tools […]
The Canada Pension Plan Investment Board is allocating $175 million to aquire a 20 per cent stake in a partnership intending to invest in logistics and industrial assets in São Paulo and Rio de Janeiro. Totalling $880 million, the newly formed Goodman Brazil Logistics Partnership includes investments from global investment manager APG Asset Management, Australian superannuation fund First State […]
The Caisse de dépôt et placement du Québec is purchasing a stake in a France-based company, the Delachaux Group. Operating in 35 countries, the Delachaux Group works in a variety of industrial and transportation areas, including engineered solutions dedicated to energy and data management systems and chromium metal production, as well as rail track services including fastening […]
At the end of its 2018 fiscal year, the Public Sector Pension Investment Board posted a net return of 9.8 per cent, representing $13.5 billion in income. While the result wasn’t as hefty as last year’s 12.8 per cent, the fund beat its benchmark portfolio return of 8.7 per cent. The increase in assets marks […]
Pension plans are very familiar with working with outside asset managers, but the Montreal-based Walter Group of companies wants to give them the opportunity to invest in the asset management business as well. “This opportunity is unique for institutional investors,” says Rene Fournier, president and chief investment officer of Walter Financial Inc. With its new fund, […]
The OPSEU Pension Trust is among investors helping Yaletown Partners move towards its goal of $200 million for its innovation growth fund. Having reached more than $100 million, the emerging growth investment fund focuses on operations that are beyond the startup phase and scaling up to expand to multiple countries. The fund intends to invest in […]