Despite the chance for a surprise Donald Trump victory in November’s U.S. presidential election, the country’s markets are locking in pricing on the assumption of a Joe Biden win, according to a webinar hosted by Franklin Templeton Investments Corp. on Tuesday. For Canadian institutional investors, the biggest impact of a Biden administration could eventually be felt […]
While the overall financial state of Ontario’s defined benefit pension plans improved in 2019, the Financial Services Regulatory Authority of Ontario continues to monitor fluctuations caused by the ongoing coronavirus pandemic. In the FSRA’s new report, it projected the estimated going-concern and solvency funding positions of the province’s DB plans to a common year-end date. […]
Over the last 40 years, the demographics of pension plan membership have changed drastically, said Michael Augustine, managing director and head of asset-liability management at TD Asset Management, during a webinar hosted by the investment manager earlier this month. “Forty years ago, when rates were a lot higher, pension plan demographics were quite different. For every […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is selling its interest in the Detroit River tunnel partnership to Canadian Pacific. The sale, which will give CP full ownership of the rail tunnel, is expected to generate approximately US$312 million for the OMERS. “We are very proud of the value we have created with this […]
Manulife Investment Management Holdings (Canada) Inc. has been named to the Principles for Responsible Investment’s PRI leaders’ group 2020 in recognition of its ‘cutting edge’ practices in climate reporting, one of 36 signatories honoured this year. In its assessment, the PRI awarded Manulife Investment Management an A+ in the areas of strategy and governance, equity […]
The Canada Pension Plan Investment Board is selling its 50 per cent interest in the first phase of a real estate development in London, England. Phase one of Nova Victoria, a five-building, mixed-use development adjacent to London’s Victoria mainline and underground stations, was finished in April 2017. The sale, to Singapore’s Suntec Real Estate Investment Trust, is […]
The Caisse de dépôt et placement du Québec is among the investors raising $55 million in financing for Onapsis, an application cyber security and compliance company. The investment, alongside NightDragon Security and existing investors .406 Ventures, LLR Partners Inc. and Arsenal Venture Partners, will be used to significantly scale the company through expansion into the applications market, according to […]
The Canada Pension Plan Investment Board is committing US$300 million to take an approximate 24 per cent stake in Virtusa Corp., a global digital and information technology services company. The proposed acquisition, alongside Baring Private Equity Asia, follows the announcement earlier this month that Virtusa and BPEA entered into a merger agreement under which funds affiliated with BPEA will acquire […]
The Caisse de dépôt et placement du Québec is acquiring a minority interest in Colisée Group, a Paris-based nursing home company. The investment, alongside an infrastructure fund formed by global investor EQT, will allow Colisée to explore growth opportunities in new markets, while consolidating its current service offerings, according to a press release. The company currently operates […]
The Caisse de dépôt et placement du Québec and multi-stage investment firm S2G Ventures are creating a co-investment partnership whereby the Caisse will invest up to US$125 million over the next three years in ventures that aim to make the food and agriculture industry more sustainable and climate friendly. “By enabling investments in ventures and growth equity companies […]