While the millions of voices on Twitter can feel chaotic at times, could collective opinion be harnessed to provide insight on equity investments? A new study by the University of Toronto’s Rotman School of Management believes so. Its researchers found that the aggregate opinion of numerous individual tweets before a company’s earnings report can successfully predict the subsequent […]
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 Alberta Investment Management Corp., the British Columbia Investment Management Corp. and the Public Sector Investment Board have closed a previously announced plan to conglomerate their long-term timber investments. Originally announced in August 2018, the agreement affiliates timber investments TimberWest Forest Corp. and Island Timberlands Ltd. Partnership. Moving forward, the two organizations will continue as standalone companies, but share facilities […]
For nearly a decade, analysts have been considering where the next market downturn will come from and when it will strike. But with the Dow Jones Industrial Average’s 800-point drop on Oct. 10, 2018, some asset managers are wondering whether it’s already begun. Amid the uneasiness, Sun Life Global Investment Management is pointing to a number of clouds […]
The OPSEU Pension Trust, together with British private equity firm Three Hills Capital Partners, has invested more than $89 million into ACT Commodities. The Dutch firm specializes in trading commodities related to reducing the use of fossil fuel and emissions of greenhouse gases. “In nine years, we have built the world’s preeminent trading house for […]
The Caisse de dépôt et placement du Quebec is entering into an agreement with Osisko Mining Inc. to acquire 9,259,260 common shares at $2.70 per share. “We are very pleased to welcome la Caisse de dépôt et placement du Quebec as a significant shareholder in Osisko Mining,” said John Burzynski, president and chief executive officer of Osisko, in a press […]
Pension managers’ pooled funds posted meagre returns in the third quarter of 2018, according to Morneau Shepell Ltd.’s performance universe. Markets were less synchronized during the latter half of 2018, leading to more mixed results than earlier in the year, noted the report, which showed a median return of 0.4 per cent before management fees. However, this […]
Three new senior appointments at the Ontario Teachers’ Pension Plan include new roles for Gillian Brown, Danilo Simonelli and Saurabh Rastogi. Brown will lead the pension fund’s capital markets group as senior managing director. The team manages total fund exposure to a number of asset classes, including equity, fixed income, credit and inflation sensitive. Since joining the Ontario Teachers’ in 1995, Brown has […]
For nearly a decade, analysts have been considering where the next market downturn will come from and when it will strike. But with the Dow Jones Industrial Average’s 800-point drop on Oct. 10, 2018, some asset managers are wondering whether it’s already begun. Amid the uneasiness, Sun Life Global Investment Management is pointing to a number of clouds on […]