The Public Sector Pension Investment Board is joining a consortium of investors to purchase the holding company that owns the majority share of Italian pharmaceuticals group Recordati. The consortium, which includes global private markets firm StepStone and private equity company CVC Capital Partners, is purchasing Finanziaria Industriale Mobiliare ed Immobiliare, which owns 51.8 per cent of Recordati, for a value of about […]
The Nova Scotia Public Service Superannuation Plan achieved a return of 5.5 per cent, net of fees, for its 2017/18 fiscal year, according to its latest annual report. In dollar terms, the plan generated $343 million in total investment income, bringing the plan’s total net assets to $6.4 billion at March 31, 2018. During the last […]
The Ontario Municipal Employees Retirement System is set to become the lead investor in Tennessee-based Premise Health Holding Corp. The company, which provides on-site, community and virtual health-care services for employers, aims to help mitigate the rising costs of health care to organizations. “Over the last four years, we have significantly expanded and evolved our model to […]
A recent report from the C.D. Howe Institute suggests that in addition to levying a bevy of tariffs on some of America’s biggest trading partners, U.S. President Donald Trump is using the uncertainty he’s creating in order to gain further leverage at the global negotiating table. “Under the Trump administration, U.S. trade policy has been […]
Vestcor Investment Management Corp. posted an eight per cent return on total assets under active management in 2017, up from 6.2 cent the year before. Formerly the New Brunswick Investment Management Corp., Vestcor provides administration services for 11 public sector pension plans, as well as global investment management services to nine public sector clients with […]
The Caisse de dépôt et placement du Québec is investing $50 million in Canadian construction company Pomerleau Inc. The investment, which makes the Caisse a minority shareholder in the company, aims to allow Pomerleau to follow through with its expansion strategy targeting new opportunities for growth, as well as to innovate, equip itself with better tools […]
The Canada Pension Plan Investment Board is allocating $175 million to aquire a 20 per cent stake in a partnership intending to invest in logistics and industrial assets in São Paulo and Rio de Janeiro. Totalling $880 million, the newly formed Goodman Brazil Logistics Partnership includes investments from global investment manager APG Asset Management, Australian superannuation fund First State […]
The Caisse de dépôt et placement du Québec is purchasing a stake in a France-based company, the Delachaux Group. Operating in 35 countries, the Delachaux Group works in a variety of industrial and transportation areas, including engineered solutions dedicated to energy and data management systems and chromium metal production, as well as rail track services including fastening […]
At the end of its 2018 fiscal year, the Public Sector Pension Investment Board posted a net return of 9.8 per cent, representing $13.5 billion in income. While the result wasn’t as hefty as last year’s 12.8 per cent, the fund beat its benchmark portfolio return of 8.7 per cent. The increase in assets marks […]
While an investment bank that provides advisory services to the federal government has approached the Canada Pension Plan Investment Board about the Trans Mountain pipeline, the fund hasn’t faced political pressure to invest in it, the CPPIB’s chief executive officer told a House of Commons committee on Monday. Speaking before the finance committee on Monday, […]