The Public Sector Pension Investment Board is acquiring a 49 per cent interest in a U.S. wind facility through its existing stake in renewable energy company Pattern Energy Group Inc. Pattern Energy Group has agreed to pay $23 million to private affiliate Pattern Energy Group 2 LP for a 35 megawatt-owned interest in a wind farm based in Stillwater […]
While global institutional investors’ ability to analyze fixed income products on environmental, social and governance factors is growing, the supply of socially or eco-savvy bonds isn’t keeping up with demand, according to new research by Cerulli Associates. “Cerulli research shows an increase in demand for ESG in all segments of the fixed-income market,” said André Schnurrenberger, […]
Though President Trump hasn’t been successful in following through his promise to construct a wall on the border between the United States and Mexico, he’s certainly stoked serious divisionism, with signals popping up the world over that nations are tugging on their drawbridges where trade, migration and other economic activities are concerned. Whether it’s the […]
A debate on the viability of responsible investing is bubbling underneath the reaction to a recent U.S. Senate bill, aiming to further regulate proxy voting firms. Proxy voting firms help institutional investors complete shareholder votes, analyzing data and establishing votes that are reflective of a fund’s house views, while incorporating an increasing universe of potential […]
Canada Pension Plan Investment Board is “embracing disruption” and looking to cash in on emerging shifts in the global economy, such as a move towards autonomous cars and a growing, aging population. The board benefits from a long-term investment and can look beyond any market cycle and invest based on large structural changes that will “fundamentally […]
The number of indexes at an investor’s fingertips grew by 12 per cent (or 438,000) in 2018, rising to 3.72 million distinct indexes globally as of June 30, 2018, according to a new report by the Index Industry Association. The association, which began tracking the world’s indexes in 2017, found fixed income was a popular theme during the […]
When looking for equity investments, how do changes in a company’s environmental, social and governance profile impact its stock price? This month, MSCI released a report called How Markets Price ESG, which found that changes in a companies’ ESG profile have been predictive of changes in stock prices. The study also found that equity markets […]
Increasing exposure to less liquid, alternative assets like infrastructure, real estate and private equity hasn’t created difficulty for Canadian pensions in repaying creditors, according to a report by Moody’s Corp. As pension portfolios have increased their allocations to alternatives, with these assets now making up close to 40 per cent of Canadian plan’s investments, concerns around liquidity […]
The Alberta Investment Management Corp. is taking a majority stake in Eolia Renovables de Inversiones, a Spanish renewable energy producer, from Oaktree Capital Management and other shareholders. “AIMCo is very pleased to become the majority shareholder in Eolia Renovables,” said Ben Hawkins, senior vice-president of infrastructure and timber at the AIMCo, in a press release. “The company’s […]
The Canada Pension Plan Investment Board saw a net return of 0.6 per cent for the second fiscal quarter of 2019. With a total net assets of $368.3 billion as of Sept. 30, 2018, the fund added $1.7 billion during the quarter. “While returns were relatively flat in the second quarter, our teams performed well against our […]