The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. The Fitzrovia DevCore Fund, which is the first fund set up by Fitzrovia Real Estate Inc., targets properties close to public transit and proximate to major centres of employment in Toronto and […]
The Ontario Municipal Employees’ Retirement System’s assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. “Our significant allocations to private investments and focus on short-term credit over long-term bonds protected OMERS from the worst period of market losses incurred by investors since the 2008 global financial crisis,” said […]
The Canada Pension Plan Investment Board is appointing Maximilian Biagosch as senior managing director and global head of real assets. Biagosch joined the CPPIB in 2015 and most recently served as senior managing director and head of Europe and direct private equity. In his new role, he’ll continue to serve as the CPPIB’s head of […]
Marlene Puffer, chief investment officer of the Alberta Investment Management Corp., believes many public market asset classes are under-priced as a result of inflation and interest rate hikes in 2022. “The persistent rise in inflation caught many central banks off guard, forcing them to undertake the most aggressive interest rate hiking cycle seen in decades,” […]
The Caisse de dépôt et placement du Québec generated average returns of negative 5.6 per cent in 2022. “The year 2022 provided an environment filled with several challenges, with spiking inflation, historic interest rate hikes by central banks and rising geopolitical tensions,” said Charles Emond, the Caisse’s president and chief executive officer, during a press briefing […]
The OPSEU Pension Trust is selling its stake in an environmental waste management company. The OPTrust, which first bought an equity stake in Environmental 360 Solutions Inc. in 2020, is one of several institutional investors selling its shares to Blackrock Inc.’s alternatives fund. Environmental 360 Solutions Inc. is an end-to-end environmental management solutions provider to municipal […]
Driven by a combination of institutional investor interest and companies’ need to seek alternative funding, global private credit increased more than six-fold since the 2008/09 financial crisis, surpassing US$1.3 trillion in 2022, according to a new survey by Coalition Greenwich. The survey, which polled 220 institutional investors in Europe, North America, Japan and the U.K., […]
The Ontario Municipal Employees’ Retirement System is appointing Daniel Fournier as the next executive chair of its real estate arm, Oxford Properties Group. Fournier will begin the new role in April following the departure of Michael Turner, who has been in the position since 2018. After the transition, Turner will remain with the organization, helping […]
When Tye McAllister was in middle school, he received a life-changing gift from his father — The Wealthy Barber, a practical guide to financial planning by Canadian investor David Chilton. “Investing became a passion,” says McAllister, senior analyst of pension investments and treasury at ATCO Group of Companies. “I was always trying to pull together […]
The Caisse de dépôt et placement du Québec is acquiring a 50 per cent interest in the A25 Concession, a 7.2 kilometre toll road and bridge network that serves the Greater Montreal transportation network. Through the transaction, which is valued at $355 million, the Caisse will have co-control of the network through a partnership with Transurban, a […]