The Canada Pension Plan Investment Board has formed a joint venture with Boston Properties Inc. to develop Platform 16, a 1.1-million-square-foot Class A urban office campus in downtown San Jose, California. In November 2018, Boston Properties entered a 65-year ground lease for Platform 16. As part of the lease, it secured the right to purchase […]
The Public Sector Pension Investment Board is closing the largest private construction loan in Washington, D.C. history alongside Hoffman-Madison Waterfront. The first phase of the wharf, a waterfront neighbourhood that includes residential, hotel, office, retail real estate and public spaces like waterfront parks and piers, opened in 2017. This latest loan is for the second phase of its development. […]
More than half (52 per cent) of institutional investors said they think a political or world event, such as Brexit, will impact portfolio performance over the next 12 months, according to a survey by Schroders. And that number is on the rise. The survey, which polled 650 institutional investors with a combined US$25.4 trillion in […]
Oxford Properties Group, the real estate investment arm of the Ontario Municipal Employees’ Retirement System, announced the winners of its global Hackathon competition, which awards prizes to innovators for their work to disrupt the design and construction process of commercial real estate. As real estate has proven to be an increasingly important asset class for pension plans, […]
Oxford Properties Group, the real estate investment arm of the Ontario Municipal Employees’ Retirement System, announced the winners of its global hackathon competition, which awarded prizes to innovators for their work to disrupt the design and construction process of commercial real estate. As real estate has proven to be an increasingly important asset class for […]
The market value of assets held by Canadian trusteed pension plans hit $1.97 trillion in the first quarter of 2019, an increase of five per cent from the last quarter of 2018, according to new data from Statistics Canada. Year over year, the market value of assets rose 3.6 per cent. The total includes assets […]
Among institutional investors that are diving into alternative assets, those investing in private equity are the most satisfied, according to a new survey by Preqin Ltd. The vast majority (93 per cent) of survey respondents said their private equity funds’ performance has either met or exceeded expectations in the last 12 months. Investors are also […]
The Ontario Teachers’ Pension Plan increased its net assets by $10.3 billion in the first half of the year, reaching a total of $201.4 billion as of June 30, 2019, and achieving a return of 6.3 per cent. “We’re pleased to report that our results at mid-year are strong,” said Ron Mock, president and chief […]
Fund managers’ race appears to play a role in whether they’re selected by asset allocators, such as pension funds, according to a new report. The report, by Illumen Capital and a centre from Stanford University’s department of psychology, found racially diverse teams may face bigger barriers to advancement, even after they’ve established themselves as strong […]
The Canada Pension Plan Investment Board closed out the first quarter of its 2020 fiscal year with a 1.1 per cent net return. The fund added $8.6 billion to its assets, with $4.5 billion in CPP contributions and the other $4.1 billion in net income. “CPPIB’s investment programs performed well in the first quarter, achieving solid net income in […]