The Canadian Pension Plan Investment Board and Oxford Properties Group, the real estate arm of the Ontario Municipal Employees’ Retirement System, have purchased the downtown headquarters of PortsToronto for $96 million. Each pension fund will own a 50 per cent stake. The property is located at 30 Bay St. and 60 Harbour St. and includes the […]
New report shows more institutions prefer direct deals to passive exposure.
Ivanhoé Cambridge is purchasing land in downtown Toronto as part of a two-building office development project from transit operator Metrolinx. In September 2014, the real estate subsidiary of the Caisse de dépôt et placement du Québec announced an agreement to build a new GO bus terminal on the site of 81 Bay St., the location […]
Borealis Infrastructure, the infrastructure investment manager of the Ontario Municipal Employees Retirement System, has signed an agreement to acquire a 34.6 per cent stake in a liquified natural gas company based in Chile. The remaining stakeholders in GNL Quintero S.A. include Enagás, a large builder and operator of regasification plants and pipeline systems and Empresa […]
While a recommendation that the government reverse course on maintaining the retirement age at 65 was one of the headline suggestions to come out of the recent report from the federal advisory council on economic growth, a key focus was on four sectors the group felt have a high potential for growth in Canada. One […]
To move beyond the limitations that can arise from a domestic investment approach, there are compelling reasons for institutional investors to look beyond North America. A global approach to infrastructure investing can provide multiple benefits to investors, including global demand for infrastructure, enhanced diversification and significant deal flow. 1. Global demand for infrastructure Globally, there […]
The median solvency ratio of Canadian defined benefit pension plans hit its highest level since before the 2007 financial crisis, according to the latest quarterly pension plan solvency survey by Aon Hewitt. On April 1, 2017, median solvency stood at 96.7 per cent, up nearly two percentage points since the beginning of the year. In […]
Despite the withdrawal by institutional investors of more than $100 billion of capital from the hedge fund industry in 2016, some Canadian pension funds are still confident in the asset class. “It makes me question why those pension funds or institutional investors invested in hedge funds in the first place,” says James Davis, chief investment officer […]
Ottawa should encourage widespread investment in existing and new infrastructure by institutional investors, such as pension plans and insurers, according to a new report by the C.D. Howe Institute. “Canadian governments are on the verge of the largest infrastructure spending increases in decades, to the tune of hundreds of billions of dollars,” said the report’s […]
The Ontario Teachers’ Pension Plan, the Ontario Municipal Employees Retirement System’s infrastructure investment manager Borealis Infrastructure and Britain-based energy company SSE are backing the launch of two new companies in the British energy market. MapleCo, an independent meter asset provider, will contribute to Britain’s smart meter rollout program, which is aiming to fund the purchase […]