Sun Life Financial Inc. says it has committed about $1.05 billion for a deal that will give it majority ownership of London-based InfraRed Capital Partners, a global investment manager with a focus on infrastructure. Toronto-based Sun Life says it will pay the equivalent of $515 million (300 million pounds) to acquire 80 per cent of […]
Investing in residential real estate can offer benefits to pension plan sponsors, but it’s not an asset class that’s easy to access. However, a new strategy exists that harnesses the power of quantitative investing to make this option feasible for pension plans. Residential real estate should be top of mind for any institutional investor, said […]
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 […]
There are many reasons for pension plans to consider exposure to liquid alternatives, but the first step is understanding the asset class. Simply, liquid alternatives are alternative assets, such as currency, commodities or emerging market debt, which are available in liquid forms, as well as alternative strategies like long-short investment strategies, says Michael Sager, vice-president […]
Globally, the number of floods has quadrupled since the 1980s and doubled since 2004, which poses risks to both residential and commercial real estate investments. Yet, institutional investors are still struggling to quantify and manage the long-term climate risks to their private real estate portfolios, according to a new report by MSCI Inc. that looks […]
The Ontario Teachers’ Pension Plan is launching a venture incubator called Koru, which aims to create, test and build scalable new digital businesses. “Koru is a clear demonstration of Ontario Teachers’ partnership model of investing,” said Ziad Hindo, chief investment officer at the Ontario Teachers’, in a press release. “It provides us with an entirely […]
Spanish multinational Ferrovial S.A. is appealing an Ontario Superior Court decision that cleared the way for SNC-Lavalin Group Inc. to proceed with the $3.25-billion sale of a stake in the 407 toll highway to the Canada Plan Plan Investment Board. An SNC-Lavalin spokesman said in an email that even if the decision were reversed on […]
Private equity funds’ use of subscription lines of credit has been debated by both researchers and practitioners, specifically because of this form of financing’s impact on internal rates of return. This is because the internal rate of return is a time-sensitive return measure, so if a firm delays its capital calls, it shortens the effective […]
It turns out institutional investors can learn a lot about hedge funds by paying attention to their writing style. In fact, when looking at hedge funds’ strategy descriptions, the sophistication of the text can be telling, according to a new research paper. “It seems that even for sophisticated entities such as hedge funds — that […]
Deeper relationships in the venture capital space actually lead to fewer future co-investments, according to a new working paper out of the Hong Kong Polytechnic University and the University of Oxford. “A lot of people talk about the importance of investors having strong networks, and we thought that this notion of networks is a little […]