In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]
The Canada Pension Plan Investment Board and Phoenix Mills Ltd. are forming a joint venture to develop an office-led, mixed-use building in Mumbai. The Canadian investment manager is committing about $231 million in tranches for an ultimate equity stake of 49 per cent in the entity, known as PCREPL, that will own the asset. This […]
The Canada Pension Plan Investment Board is part of a new joint venture that’s aiming to be one of the largest student accommodation partnerships in Europe. Alongside global real estate investment manager Round Hill Capital, the joint venture is targeting assets in excess of €1 billion and will invest in standing assets and developments across continental Europe. […]
The Caisse de dépôt et placement du Québec is entering the digital currency sector by joining a US$400 million investment round for a cryptocurrency earning and borrowing platform. Alberta-based WestCap Group Inc. is the other co-lead investor in the funding round for Celsius Network, a blockchain-based investment platform aimed at high-net-worth retail and institutional investors. Read: AIMCo […]
The typical Canadian defined benefit pension plan deteriorated on a solvency basis but improved on an accountancy basis in September, according to a new report by LifeWorks Inc. Its monthly report on DB pension indices found the average plan saw its solvency index dip from 109.4 per cent at the end of August to 108.8 […]
Eight Indigenous groups and an Alberta-based energy company are becoming the co-owners of a pipeline in which the Alberta Investment Management Corp. has a majority stake. The TC Energy Corp. is selling its 15 per cent stake in the Northern Courier Pipeline, which transports bitumen along a 90 kilometer route between Fort Hills Mine and […]
The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]
Canada’s defined benefit plans are allocating more to alternative investments as a result of a two-decade period of low inflation, according to a new study from the Bank of Canada. It found sustained decreases in interest rates from 1998 to 2018 have threatened to erode private DB plan solvency surpluses. According to the authors — Bank […]
From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful year in the world of retail investing. And while institutional investors might not be betting big on Gamestop Corp. or Elon Musk’s latest cryptocurrency tweet, some have inched closer to […]
The Canada Pension Plan Investment Board has reached a deal to sell half of its shares of a Washington-based energy company to the Ontario Teachers’ Pension Plan. According to the terms of the deal, the CPPIB will sell half of its 31.6 per cent stake in Puget Holdings to the Ontario Teachers’ and the other […]