A contentious election in Brazil that’s held the attention of the global investing community came to a conclusion on Oct. 28, 2018, with far-right congressman Jair Bolsonaro becoming the country’s president-elect. Canadian pensions have made some hefty allocations to the region of late. In the second half of 2018, the Canada Pension Plan Investment Board acquired […]
Canadian defined benefit pension plans saw a median return of 0.42 per cent in the third quarter of 2018, according to BNY Mellon Asset Servicing’s universe of 81 corporate, public and university plans. While not as robust as the previous quarters, the gains mark the tenth straight positive quarter, with the universe posting a one-year median return […]
The Canada Pension Plan Investment Board is acquiring a controlling stake in Companhia Energética de São Paulo, a Brazilian hydro-generation company, through a joint venture with Votorantim Energia. The 80.2 per cent stake in the company’s common shares and 13.7 per cent in its class B preferred shares represents an investment of about $604 million. Read: CPPIB invests $272 million in […]
Factoring environmental, social and governance considerations into investment decisions is good risk management, according to one pension plan sponsor. “Definitely for real assets, we see it presenting risks, but also opportunities,” said Donna Mathieu, chief executive officer of NAV Canada Corp.’s pension plan, while speaking on a panel at the Canadian Pension and Benefits Institute’s 2018 […]
The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent. The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million. “Through this investment, we are reaffirming our commitment to Azure Power and […]
Last year, I wrote about emerging market equities and whether their time had finally come. Should investors be considering an allocation to the asset class, which theoretically offers the promise of higher returns driven off demographic trends? I think it’s a worthwhile topic to revisit, while also providing an overview of investor behaviour since that time. As […]
The Canada Pension Plan Investment Board is partnering with a subsidiary of ESR, a pan-Asian logistics real estate platform, to invest about $653 million in Korean logistics facilities. Within the investment vehicle, which will focus on building a portfolio of premier facilities in strategic areas, Seoul-based Kendall Square Asset Management will identify new assets for acquisition. In a news release, […]
Canadian defined benefit pension plans experienced a modest second quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. and RBC Investor and Treasury Services. The plans in BNY Mellon’s Canadian pension fund-level benchmark posted its ninth straight positive result with a 2.16 per cent increase for the quarter. It found that plans […]
Nearly half (48 per cent) of investors disagree with the MSCI’s recent decision to add 230 Chinese A-share, large-cap equities to its broad emerging market index, according to new research by the Asian Corporate Governance Association. Overall, the report examined the state of corporate governance in China, a long-standing barrier for including the country’s companies as […]
The Alberta Investment Management Corp. is investing $140 million in Brazilian private equity firm IG4 Capital’s FIP Iguá, the controlling shareholder of water and sewage holding company Iguá Saneamento. Following the investment, IG4 Capital will remain the controlling shareholder of FIP Iguá, which holds an 84.2 per cent stake in Iguá Saneamento. Read: CPPIB, AIMCo team up with industrial […]