Solid 9.5% return in 2017 lead by public, private equities performance
The OPSEU Pension Trust posted a 9.5 per cent return for 2017, an increase on its six per cent return in 2016 and its eight per cent return in 2015. “We were strong across all the asset classes,” says Hugh O’Reilly, president and chief executive officer of OPTrust, noting the fund saw a 22.9 per cent return in public equities […]
Bolstered by research showing the majority of institutional investors are considering environmental, social and governance issues in their investments strategies, Russell Investments has created a new way to score companies on the particular factors that could have a material influence on finances and returns. “Our new material metric allows ESG investors to differentiate between companies […]
The majority of global institutional investors are expecting 2018 to bring more volatility in both the stock (78 per cent) and bond markets (70 per cent), according to a new survey by Natixis Investment Managers. “They do anticipate volatility coming back to the market, and they’re really trying to make sure they’re positioned for when it […]
The Alberta Investment Management Corp. is entering into a partnership with U.S.-based Enel Green Power North America Inc. for the operation of two renewable energy projects in Alberta. AIMCo will take on a 49 per cent equity interest in two wind farms, which are expected to be constructed in 2019. Castle Rock Ridge II is a 30.6 mega watt expansion of […]
The Canada Pension Plan Investment Board is acquiring a 6.3 per cent stake in an Indian renewable energy developer and operator from the Asian Development Bank for more than $179 million. The company, ReNew Power Ventures Private Ltd., is headquartered in Gurugram, India, and works in wind, utility-scale and rooftop solar power-producing assets. “This transaction aligns well with our overall power and […]
Environmental, social and governance factors have a role to play in the smart beta strategies that institutional investors have become more familiar with in recent years, according to an investment manager who spoke at a seminar in Toronto on Thursday. When creating an index, exposure to environmental, social and governance factors can work just like any other […]
Recent weeks and months have seen a rise in activity around pension fund divestment from carbon assets. This month, the City of New York announced a plan to divest from fossil fuels within its five pension funds. In doing so, it joins pension plans in Washington, Berlin and Cape Town, as well as funds at the University […]
The California State Teachers’ Retirement System and U.S. investment manager Jana Partners have sent an open letter to Apple Inc. encouraging the company to address the problem of phone addiction among young people. Collectively, the two investors hold approximately US$2 billion in Apple shares, according to the letter, which expresses concern that if left unaddressed the […]
The Caisse de dépôt et placement du Québec and the Fonds de solidarité FTQ are providing equity to help Groupe Solmax Inc. acquire Houston-based GSE Environmental Inc. Groupe Solmax, a Canadian-based producer of polyethylene geomembranes for industrial and environmental applications, has purchased GSE Environmental, a geosynthetics manufacturer, from private equity firm Littlejohn & Co. and certain funds held by investment manager […]