In 2014, Colyn Lowenberger, then the director of pension and disability administration at the City of Regina, heard a knock at his office door — it was opportunity. After walking into the room, the chair of the Regina Civic Employees’ Superannuation and Benefit Plan asked Lowenberger to discuss a list of concerns about the defined […]
The Public Sector Pension Investment Board is investing in a Norwegian offshore wind service company. The investment organization and asset management firm Sandbrook Capital Management are injecting US$250 million into Havfram. The funding will be used to cover a portion of the costs of building a fleet of vessels capable of installing 300 metre wind […]
The Ontario Teachers’ Pension Plan is jointly acquiring and consolidating two online presence companies alongside an investment fund. The investment organization and its partner, Cinven Inc.’s seventh investment fund, will acquire Group One and the Dogado Group, two European online presence service providers. Following the acquisitions, both companies will be reorganized into a single business. […]
The possibility of a global economic slowdown is of greater concern to global institutional investors than rising inflation, according to a new survey from the Official Monetary and Financial Institutions Forum. The survey, which polled investors at public pension plans and sovereign wealth funds with combined assets of about US$27 trillion, were asked to rank the […]
The Public Sector Pension Investment Board is acquiring a portfolio of vineyards in Australia. According to the terms of the deal reached with Casella Family Brands, the investment organization will take ownership of 35 properties covering 7,215 hectares, as well as associated water entitlements, crops and equipment. The properties are located in South Australia and New South […]
The Ontario Teachers’ Pension Plan is acquiring a stake in a U.K. renewable electricity network. According to the terms of an agreement with Scottish and Southern Energy, the Canadian pension fund will pay £1.465 billion (approximately $2.45 billion) for a 25 per cent share in an electrical transmission network. The network carries power generated from […]
Reports that a leading asset manager is delaying the launch of a Chinese bond fund indefinitely are a clear sign that the facade around Chinese stocks’ and bonds’ environmental, social and governance record may be lifting. In recent years, rising investment in Chinese stocks and bonds coincided with a boom in ESG investing. Of course, […]
Nine Canadian public sector pension plans are passively invested in companies with evidenced involvement in the persecution of Uyghurs in China, according to a new report by U.K. think tank Hong Kong Watch. The report includes three federal and six provincial pension investment organizations — among more than 30 global institutional investors — as passive investors […]
The Canada Pension Plan Investment Board is increasing its stake in a French airport operator. The investment organization is acquiring a 1.59 per cent share of Aéroports de Paris from the Royal Schiphol Group. The move will grow the CPPIB’s total ownership stake in ADP to about 5.64 per cent. ADP owns and operates three […]
The University Pension Plan is appointing Brian Gill as its chief technology officer. In the new role, Gill will oversee the teams responsible for the UPP’s strategic initiatives, technology infrastructure, data analytics and business intelligence. He’ll also be involved in shaping the organization’s strategic and operational direction by providing input on a wide spectrum of […]