Almost all hedge fund strategies generated positive returns in May, making it the seventh month in a row that the alternative asset has produced a positive performance, according to research by Preqin Ltd. The data and intelligence agency’s benchmark, which measures all types of hedge funds, returned almost 0.3 per cent in May. And while […]
For years, Canadians have faced calls to invest overseas given the narrowness of the Canadian equity market and the relatively small proportion of global gross domestic product Canada represents. Publicly listed Canadian companies have ranged between three and five per cent of global GDP, and yet Canadian investors’ allocations to Canadian equities have historically been […]
Like many institutional investors, sovereign players continue to face a challenging return environment, underperforming their targets by an average of two per cent over the past year, according to Invesco Ltd.’s fifth annual global sovereign asset management study. The underperformance is partially attributable to low economic growth, which has also posed problems on the funding side. As […]
Faced with geopolitical uncertainty and limited options to increase risk asset allocations, sovereign investors are making fewer allocation changes than in any point in the past five years, according to Invesco’s fifth annual global sovereign asset management study. It found sovereign investors consider low interest rates the greatest tactical asset allocation factor, driving increasing allocations […]
A large imbalance in supply and demand and a competitive environment for traditional alternative asset classes are leading institutional investors to look at more creative investment opportunities, including agriculture and farmland, renewable energy and middle-market private credit. During a panel discussion at a CFA Society event in Toronto on Wednesday, Sandra Bosela, managing director and […]
The Public Sector Pension Investment Board has acquired a 40 per cent interest in Aerostar Airport Holdings, the operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. The interest was acquired from funds managed by Oaktree Capital Management. Mexican airport group Grupo Aeroportuario del Sureste (ASUR), which is already a 50 […]
Ivanhoé Cambridge and its partner Callahan Capital Properties have acquired an office building in downtown Manhattan for about US$650 million, The property, 85 Broad Street, is a 1.1-million-square-foot office tower located on the full block of Broad Street between South William and Pearl streets. Standing 30 stories tall, the building carries a number of services, […]
The Alberta Investment Management Corp. is investing in Calgary-based oil and gas company Ikkuma Resources Corp. through a $45-million financing deal. According to the agreement, AIMCo will provide a second lien loan at an annual interest rate of 7.25 per cent. In turn, AIMCo can purchase up to 6,750,000 common shares of the company for 86 cents each […]
The Canada Pension Plan Investment Board has partnered with an India-based developer of industrial and logistics real estate to create IndoSpace Core. CPPIB has initially committed about US$500 million to the joint venture, which will focus on acquiring and developing modern logistics facilities in India. To start, IndoSpace Core will acquire 13 industrial and logistics […]
When Canadian Investment Review held its inaugural Global Investment Conference 20 years ago, foreign investments were something of a niche for Canadian pension plans. With the foreign property rule, investors couldn’t hold more than 20 per cent of their assets in non-Canadian investments. But jump ahead to today, and many pension funds have already made […]