In 2009, the Air Canada pension plan was in dire straits with a $2.6 billion solvency deficit. A decade later, it has a surplus of more than $2 billion. The complete turnaround is in part due to a new investment team that joined in 2009 and transformed the pension fund’s investments. With the $21 billion […]
The Caisse de dépôt et placement du Québec is taking part in a $358-million round of equity financing by Montreal-based Nuvei, a global payment-technology provider. Nuvei offers omni-channel, end-to-end, payment-acceptance solutions, foreign-exchange services, streamlined payouts and more for clients in Asia Pacific, Canada, Europe, Latin America and the United States. The Caisse is already a shareholder in Nuvei, which is currently […]
OMERS Ventures, the venture capital investing arm of the Ontario Municipal Employees Retirement System, has hired former Uber Technologies Inc. executive Jambu Palaniappan to join its London office as a managing partner. Palaniappan joined Uber in 2012 and led its expansion into the Europe, Middle East and Africa regions before being named the general manager […]
H2O Power, in which the Public Sector Pension Investment Board is a shareholder, is selling its Canadian hydroelectric generation assets to TCorp. Through the transaction, the investment and financial management partner of the New South Wales public sector will hold a 49 per cent interest in H2O Power’s eight Canadian assets. Read: PSP Investments sells […]
The Canada Pension Plan Investment Board is investing up to US$600 million through India’s National Investment and Infrastructure Fund’s master fund. The agreement commits the CPPIB to investing US$150 million in the master fund, with the option to co-invest up to US$450 million in future opportunities alongside the fund. With this move, the CPPIB joins other institutional investors, […]
Despite continued strong markets, global institutional investors are apprehensive about what 2020 has in store, with more than half of survey respondents saying they think the next global financial crisis will hit within one to three years, according to a new survey by Natixis Investment Managers. The survey, which polled 500 institutional investors, including 145 […]
The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490 million. “Our agreement with Olam Orchards Australia is consistent with our strategy to partner with best-in-class operators who take the long-term view and to invest in high-quality agricultural assets globally,” […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are among several institutional investors committing $427 million in the final closing of Portag3 Ventures II, which is focused on early stage investments in the global financial technology sector. For Portage3, areas of focus for fintech companies include digital wealth […]
Institutional investors have been rushing into the arms of alternative, less liquid, investments over the past two decades. But how major players approach these investments varies considerably, according to a paper by Kristy Jansen a PhD student at Tilburg University, and Patrick Tuijp, a research affiliate at the University of Amsterdam. In examining a survey of nine […]
Alongside other investors, the Caisse de dépôt et placement du Québec is investing in Top Aces Inc., an airborne training services provider. The Quebec-based company, which was founded in 2000 by a group of former fighter pilots, provides training to air forces around the world, aiming to enhance the operational readiness of combat forces. “Top Aces is a […]