The British Columbia Investment Management Corp. is aligning itself with other global pension investors by signing a new joint letter calling for long-term sustainability to become a more prevalent concern for corporations and asset managers. The letter was co-signed in early March by three institutional investors — Japan’s Government Pension Investment Fund, the California State Teachers’ Retirement Scheme and […]
The world may be more digital than ever, but a physical presence can still sometimes make the difference between success and failure for pension plans For the OPSEU Pension Trust, establishing offices abroad was a logical step. Its private markets group, which is based in Toronto, was undertaking a lot of global investment activity, so […]
Despite the key differences between sovereign wealth funds and public pension plans, the two institutional investors are quite similar in that they’re large, state-owned, sophisticated pools of capital. However, on average, the two types of organizations approach their real estate investments differently, according to a new paper by McKay Price, Collins-Goodman chair in real estate […]
The Canada Pension Plan Investment Board is appointing Judy Wade as managing director and head of the San Francisco offices it set up in August 2019. In her new role, Wade will lead the CPPIB’s expansion into the Bay Area, furthering its presence in the U.S. In addition, Adam Grosser will join Wade in the San Francisco […]
If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]
The majority (79 per cent) of pension fund and private equity professionals expect their passive private equity allocations to either stay the same or increase in 2020, according to a new survey by Torys LLP. Pension funds, in particular, cited competition for new investment opportunities (65 per cent) and pressure from limited partners to provide co-investment […]
Pension funds view geopolitical risk as the top risk to the financial system, followed by economic risk and climate risk, according to the Global Risk Institute in Financial Services’ annual risk outlook survey for 2019-2020. While the survey wasn’t technically broken down by pension plans versus other institutional investors, Sonia Baxendale, chief executive officer of […]
The Public Sector Pension Investment Board, along with Aviva Investors, is buying Galleri K, a real estate asset in Copenhagen, Denmark. The four-story building, which includes retail and leisure space, office space, storage and parking, is currently leased to many national and international brands. The deal builds on past co-investment partnerships between PSP Investments and […]
The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW Treasury Corp., or TCorp, the financial services provider used by the New South Wales public sector in Australia. The Ontario Teachers’ remains the largest individual shareholder in Brussels Airport. “As a […]
Investors are waiting for some of the conflicts causing global uncertainty to be resolved. But will they get their wish in 2020? “We’re entering the year, the decade, on pretty unstable footing,” said Dawn Desjardins, vice-president and deputy chief economist at the Royal Bank of Canada, during the keynote session at the Canadian Investment Review’s 2019 […]