The emergence of the Chinese artificial intelligence platform DeepSeek-R1 has raised questions on how it will change the AI value chain, from providers to consumers to real-world business applications of the technology. According to a report by the BBC, researchers with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co. Ltd., the company behind DeepSeek, claimed […]
The Ontario Municipal Employees’ Retirement System is appointing Alexander Fraser as executive vice-president and global head of private equity, effective March 17. He’ll succeed Michael Graham, who retired from the position earlier this year, and will oversee the OMERS’ global private equity business, which manages roughly $27.5 billion in assets. Most recently, Fraser was a […]
The Canada Pension Plan Investment Board is appointing Ben Meng as managing director and head of investment portfolio management, effective immediately. Most recently, Meng was executive vice-president, chair of Asia-Pacific and the executive sponsor of sustainability at Franklin Templeton. Prior to that, he was chief investment officer at the California Public Employees’ Retirement System. Read: […]
The Ontario Teachers’ Pension Plan’s venture growth arm is leading a US$175 million Series F investment round for artificial intelligence, data and analytics software company Quantexa. The latest funding round, which gives the U.K.-based company a valuation of $2.6 billion, also includes existing investor British Patient Capital. Ara Yeromian, managing director at the Teachers’ Venture […]
In the social media age, it’s easier than ever to lose perspective on events and even institutional investors are susceptible to overreaction amid the avalanche of news and speculation that surrounds the second Trump administration, tensions in the Middle East and shifting market dynamics. But Nick Chamie, chief strategist and senior managing director of total […]
Natasha Trainor has overseen the pension strategy at NAV Canada for nearly half a decade and she’s made her imprint by adding a novel review process. “We went through an exercise over the past few years of looking at each asset class and coming up with what we called asset class designs,” says the organization’s […]
The British Columbia Investment Management Corp. is focusing on robust corporate governance, the protection of shareholder rights and effective oversight of environmental, social and governance risks and opportunities as part of its latest proxy voting guidelines. In a press release, Jennifer Coulson, senior managing director and global head of ESG at the BCI, said proxy […]
The Caisse de dépôt et placement du Québec is selling 2.5 million shares in Intact Financial Corp. for a gross price of $278.60 per share. The transaction is expected to produce gross cash proceeds of roughly $696,500,000 from the offering. Overall, the deal represents 1.4 per cent of the issued and outstanding common shares in […]
The British Columbia Investment Management Corp. is making a cash offer to take Luxembourg-based investment firm BBGI Global Infrastructure S.A. private. The deal values the entire issued and to-be-issued share capital of BBGI at roughly £1.06 billion on a fully diluted basis. The offer adds a 21 per cent premium for the London Stock Exchange […]
While a plan member lawsuit against the Ontario Teachers’ Pension Plan regarding cryptocurrency investment decisions isn’t entirely surprising, it’s not a common event in Canada, says Level Chan, a partner at Stewart McKelvey. “In Canada, it does not come up very much. It normally is only in these unique circumstances where there is kind of […]