The Public Sector Pension Investment Board, alongside global alternative investment manager Investcorp, is taking a strategic minority stake in United Talent Agency. The capital from the two investors is aiming to boost the global talent and entertainment company’s continuing growth, expanding its core business of talent representation. Indeed, UTA recently amped up acquisitions in areas including live […]
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 […]
Watch equity markets closely as trade tension continues: experts
With the Trump administration continuing to take aim at its major trading partners, institutional money managers are warning investors to anticipate more volatility in equity markets. “A full-blown trade war would be a major reversal of the trend toward globalization that has underpinned markets for decades and could have severe consequences for corporate profits, given the importance […]
La Caisse de dépôt et placement du Québec is teaming up with global investment manager AMP Capital Investors Ltd. to provide more than $657 million in financing to U.S. developer Tillman Infrastructure. The investment will help finance the building of new telecommunications towers across the U.S., providing new ground for carriers to cover, as well as boosting […]
The global economy is expected to grow around 3.2 per cent in 2018, in line with last year, but there will be many challenges throughout the remainder of the year, according to AllianceBernstein’s mid-year outlook. The firm noted that while signs point to increasing inflation over the long term, it doesn’t expect to see an exaggerated level […]
Tensions between China and the United States are heating up as the Trump administration proposed a 10 per cent tariff on $200 billion worth of Chinese goods last week. The U.S. is hitting China where it hurts, according to an economic insight report from Benjamin Tal, deputy chief economist of CIBC World Markets Inc., and Katherine […]
The Canada Pension Plan Investment Board is expanding its partnership with Longfor Group Holdings Ltd. to launch a new investment co-operation focused on rental housing programs in China. The duo are targeting an initial investment of about $1 billion in two Chinese cities through developments, acquisition and master-lease of commercial assets that will be converted to rental housing. […]
Globally, sovereign investors have enjoyed the hefty returns stemming from almost a decade of charging equity markets, but they’re set to make major moves into alternatives going forward, according to Invesco’s latest study. The study, which surveyed 126 sovereign investors and central bank reserve managers representing $17 trillion in assets, found an average equity return of 8.7 per […]