CIBC Mellon has appointed former Canada Pension Plan Investment Board managing director Karen Rowe as its new chief financial officer. At the CPPIB, Rowe was managing director and head of investment finance and led a team responsible for aspects of the organization’s global private investment portfolio, including finance, valuation and operations. In her new role […]
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 […]
Whether the aim is to reduce material risk, align pension investments with the organization’s overall philosophies or address a moral imperative, no pension fund wants to go through the trouble of diving in only to find its assets aren’t as green as it thought. With no standardized metric in existence, the word “green” could have […]
The Public Sector Pension Investment Board has entered into a joint venture to grow its student accommodation portfolio in London, England. The agreement, with global rental housing company Greystar Real Estate Partners and global real estate investment and asset manager Allianz Real Estate, aims to double the size of the portfolio in five years. Specifically, Allianz is acquiring […]
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 […]
Some 84 per cent of global institutional investors said they’re pursuing or considering pursuing the integration of environmental, social and governance factors into their investment processes, according to a survey by the Morgan Stanley Institute for Sustainable Investing and Morgan Stanley Investment Management Inc. The survey, which polled 118 global public and corporate pension plans, endowments, foundations, sovereign […]
Globally, more than 70 per cent of public institutional investors have increased their allocations to real assets over the past three years, according to a new survey by the Official Monetary and Financial Institutions Forum and the Bank of New York Mellon Corp. The survey, which interviewed public pension and sovereign funds with almost $4.6 trillion in […]
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 […]
Just days before Canada hosts the G7 Summit in La Malbaie, Que., a group of investors, including some of the country’s largest pension funds, has joined together with the federal government to promote three key issues, including increasing opportunities for women in finance and investment worldwide. “We need to think about how we’re going to ensure half of […]
The Public Sector Pension Investment Board is among investors taking part in a $250-million round of financing for Tradeshift, a global supply chain digital payments company. With the new round of financing, co-led by Goldman Sachs and totalling $400 million, the company is aiming to help buyers and suppliers digitize their trade transactions. “Given the rapid increase in […]