Active investors should combine their own analytical work with the use of machine learning to get a leg up on their passive peers, according to a new paper. Fiona Frick, Unigestion’s chief executive officer, argued that, in an environment where institutional investors are using the same strategies and no one is left with an edge, active managers should use “collaborative […]
The Canada Pension Plan Investment Board is acquiring renewable energy company Pattern Energy Group Inc. in an all-cash deal. The purchase of the San Francisco-based company is valued at $26.75 per share, which implies the company has a value of $6.1 billion, including all debt. The offer represents a 14.8 per cent premium to Pattern Energy’s closing share price […]
The Alternative Investment Management Association has published a new handbook on the Canadian alternative investment landscape. “Canada has a long history of excellence in alternatives,” says Belle Kaura, current chair of AIMA Canada and vice-president of legal and chief compliance officer at Third Eye Capital. “The stage is set for the Canadian industry to reach […]
The Caisse de dépôt et placement du Québec is investing in La Coop Fédérée, the largest agri-food enterprise in Quebec and the only Canada-wide agricultural cooperative. The investment — alongside the Fonds de solidarité FTQ, Fondaction and Desjardins Capital — of $300 million takes the form of preferred shares. “The agri-food industry, at the very heart of people’s day-to-day […]
A defined contribution plan sponsor’s strategic decisions around asset allocation are far more influential to the performance of the pension portfolio than security selection or timing investments. “The strategic decision is very important in terms of long-term results and the long-term experience of your plan members,” said Chhad Aul, vice-president of portfolio management at Sun […]
There are two fundamental reasons for including alternatives in a defined contribution pension portfolio, according to Ed Studd, solutions manager for U.S. portfolio solutions at Schroders, during a session at Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27. First, alternatives can help the portfolio achieve better diversification by accessing different types […]
The Caisse de dépôt et placement du Québec is acquiring US$250 million in convertible debentures from Piramal Enterprises Ltd. The Indian financial and industrial group is active in financial services, pharmaceutical development and manufacturing and health-care information management. The pension fund’s real estate subsidiary, Ivanhoé Cambridge, initially invested in the organization in 2017 through a residential real estate co-investment […]
For intergenerational investors, such as foreign pension plans ramping up their exposure to alternative assets and leveraging patient capital, it’s worth paying attention to Indonesia’s potential. “If you follow the logic that the country’s going to be the fourth or fifth largest economy in the world . . . then, to me, it’s too big […]
The Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are partnering with Anurag Chandra, former chief executive officer of Prosperity Life Insurance Group, to launch Constellation Insurance Holding, a new platform focused on property and casualty and life insurer acquisitions and demutualizations. “Constellation plans to invest in stock and mutual […]
The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board are acquiring all issued and outstanding common shares of AltaGas Canada Inc. The Canadian company holds natural gas distribution utilities, as well as renewable power generation assets. In the transaction, the cash offering of $33.50 per common share is an approximate 31 per cent premium on AltaGas’ closing […]