The Canada Pension Plan Investment Board is acquiring a stake in a financial management company. The Universal Investment Group Llc, which operates several offices throughout Europe, has about €760 billion in assets under administration. Its administration, structuring and distribution solutions services are used by 470 institutional investors. It also offers advisory services related to securities, […]
The Ontario Municipal Employees’ Retirement System has until the end of October to decide if it will serve as the lead plaintiff in a class action suit brought against an Indian solar energy sector business. The lawsuit, which charges Azure Power Global Ltd. and several of its current and former executives with violations of the […]
An article on the Royal Bank of Canada’s plans for returning employees to the office was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC employees returning to in-office working to foster creativity, collaboration 2. CPPIB backing of grain exporter provides Russia propaganda victory: expert […]
The Canada Pension Plan Investment Board’s investment in a grain exporter may be used as a propaganda tool by the Russian government, according to J. Paul Goode, McMillan chair in Russian studies at the Institute of European, Russian and Eurasian Studies at Carleton University. “If a company as important as Viterra is to the Canada […]
The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group, aims to acquire operating hotels in European gateway cities and resort destinations. The investment organization has committed €475 million (about $624 million) […]
The Canada Pension Plan Investment Board is reporting net assets of $523 billion for the first quarter of fiscal 2023, down from $539 billion at the end of the previous quarter. The $16 billion decrease consisted of a net loss of $23 billion and $7 billion in net transfers from the Canada Pension Plan, according […]
While institutional investors are no strangers to established markets such as Europe and the U.S., the world’s emerging and frontier markets can provide diversification and opportunities for lucrative returns. Not surprisingly, events such as the coronavirus pandemic and a shifting geopolitical landscape are influencing these decisions in 2022 and beyond. In recent months, Russia’s invasion […]
The Ontario Teachers’ Pension Plan is entering a non-binding agreement with a Canadian company seeking to develop copper mines in Saskatchewan. In a deal reached with Foran Mining Corp., the pension fund will invest $200 million in the company’s McIlvenna Bay project. Following the announcement of the agreement, Foran’s stock rose 15.4 per cent. Read: […]
Canada’s defined benefit pension plans saw median returns of negative 7.33 per cent in the second quarter of 2022, according to the BNY Mellon Canadian master trust universe. It found the one-year median return as of June 30, 2022 was negative 8.25 per cent, while the median 10-year annualized return was 7.45 per cent. Among […]
The Caisse de dépôt et placement du Québec is entering exclusive negotiations to acquire France-based Akiem, a provider of freight locomotive leasing services in Europe. The offer is subject to customary consultation with employee representative bodies within Akiem and its current owner, the SNCF Group, according to a press release, which noted the transaction is subject […]