The Canada Pension Plan Investment Board saw a net return of 0.6 per cent for the second fiscal quarter of 2019. With a total net assets of $368.3 billion as of Sept. 30, 2018, the fund added $1.7 billion during the quarter. “While returns were relatively flat in the second quarter, our teams performed well against our […]
For the first time since the Financial Services Commission of Ontario began monitoring defined benefit pension solvency in 2009, the province’s DB plans posted a median solvency ratio above 100 per cent in the third quarter of 2018. As of Sept. 30, the solvency ratio reached 101 per cent, up from 97 per cent the previous quarter. […]
The Caisse de dépôt et placement du Quebec’s real estate investment arm, together with Prologis Inc., is launching a joint real estate venture in Brazil. The Prologis Brazil logistics venture will aim to develop and operate Brazilian logistics spaces in São Paulo and Rio de Janeiro, acquiring an initial portfolio of 641,030 square metres of operating properties along with more […]
The Ontario Municipal Employees Retirement System’s private equity arm is selling MatrixCare Holdings Inc., a health-care technology company, to ResMed Operations Inc. for about $982 million. “We first acquired MatrixCare as part of a larger acquisition in 2010,” said Mark Van Wart, managing director of OMERS Private Equity, in a press release. “Since bringing John Damgaard in as CEO in […]
Franklin Templeton Investments Corp. has appointed Shane Clifford as its new senior managing director of alternative strategies. Reporting directly to Mat Gulley, executive vice-president and head of alternatives, Clifford will be responsible for focusing on the global growth strategy and business development for the firm’s alternatives business. “We are excited to welcome someone of Shane’s calibre to the […]
Why bigger isn't always better when it comes to choosing companies
Alternative asset funds are adapting to keep pace with the significant and growing demand from investors, according to new research by the Alternative Investment Management Association. Institutional investors are looking to the funds amid ultra-low bond yields because of their need for steady performance. While the traditional appeal has been the funds’ “high-octane performance,” institutional investors are hungry […]
RBC Global Asset Management Inc. has appointed Michael Kitt as head of real estate equity investments at RBC Global Asset Management. Kitt will be leading efforts in developing Canadian real estate pooled solutions, initially as an offering for the domestic institutional investor market, with the aim of expanding both vehicle type and targeted client groups over time. The appointment is RBC GAM’s […]
Real estate is more than a passing trend for global institutional investors, as evidenced by the growing number of allocations to the asset class of US$1 billion or more. The number of investors joining the billion-dollar club grew from 442 in 2017 to 499 this year, according to a new survey by data and intelligence company Preqin Ltd. Public […]
Canadian defined benefit pension plans experienced a modest second quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. and RBC Investor and Treasury Services. The plans in BNY Mellon’s Canadian pension fund-level benchmark posted its ninth straight positive result with a 2.16 per cent increase for the quarter. It found that plans […]