The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. The transaction totals an equity commitment of about US$3.4 billion, with the investors buying a 100 per cent stake in the company from Reliance Industrial Investments and Holdings Ltd., a wholly-owned subsidiary of Reliance Industries Ltd. “For BCI […]
Greystar Real Estate Partners is joining the Canada Pension Plan Investment Board and Cyrela Brazil Realty in a joint venture that will develop, own and operate purpose-built multifamily rental housing in São Paulo, Brazil. The platform and partnership, first created by the CPPIB and Cyrela in November 2019, continues to target an investment of up […]
Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec’s real estate arm, is entering into an agreement with real estate logistics specialist LOGOS Group to acquire a development site in Australia. The organization plans to develop the site, located in one of Melbourne’s key infill northern industrial suburbs, into a $230 million logistics estate […]
Four types of new habits and perspectives are expected to define the post-coronavirus era and could impact investment portfolios, according to new analysis by Thinking Ahead, the thought leadership lab at the Canada Pension Plan Investment Board. The research, co-authored by Caitlin Walsh, senior portfolio manager, and Ruby Grewal, portfolio manager, analyzed the breadth of […]
The value of assets held by Canadian trusteed pension funds fell 3.3 per cent to $2.02 trillion in the first quarter of 2020, according to new data from Statistics Canada. Despite the quarterly drop, the funds posted a year-over-year increase of 2.5 per cent. Statistics Canada’s update noted the overall decrease in the quarter was […]
Over the last several years, a small group of faculty members at the University of British Columbia has been calling on its pension plan’s board of trustees to consider divesting from fossil fuels. As support for divestment grew, the board of the UBC faculty pension plan, which is defined contribution, agreed to assess whether there […]
While Canadian pension plans hold a quiet confidence, it turns out they actually do outperform their international peers when it comes to asset performance and liability hedging, according to a research paper from McGill University and CEM Benchmarking. The paper found Canadian plans achieve this outperformance using a three-pillar model: managing assets in-house to reduce costs, redeploying […]
The Caisse de dépôt et placement du Québec had a challenging first half of 2020, posting a negative 2.3 per cent return. However, the pension fund remains in a strong financial position, according to president and chief executive officer Charles Emond, holding assets of more than $333 billion and with an 8.7 per cent annualized return over […]
The Investment Management Corp. of Ontario is investing in an affordable housing fund to build apartments in Toronto and Vancouver. The IMCO is committing $60 million to the Kingsett Affordable Housing LP Fund, managed by Kingsett Capital Inc. The investment comes as vacancy rates in both cities continue to decline due to unaffordability and lack of […]
The Caisse de dépôt et placement du Québec says the economic impacts of the coronavirus pandemic resulted in posting a negative return of 2.3 per cent during the first six months of 2020. The pension fund manager’s net assets stood at $333 billion as of June 30, down from $340.1 billion as of Dec. 31, […]