The Healthcare of Ontario Pension Plan is well-known for its liability-driven investing strategy, which helped it successfully weather the 2008 financial crisis. During the coronavirus fallout, in an era of historically low interest rates, the HOOPP is working on developing LDI 2.0. “We’re very focused on liabilities, but what you do when interest rates are […]
The Ontario Teachers’ Pension Plan Board is investing US$350 million with Indian private debt manager Edelweiss Alternate Asset Advisors. The investment represents a long-term partnership between the Ontario Teachers’ and parent company Edelweiss Group, which will focus on performing and distressed private credit investment opportunities within India. “We are pleased to enter into a long-term […]
International port operator DP World reached a deal Thursday with the Caisse de dépôt et placement du Québec to pour an additional US$4.5 billion into their joint venture of ports and terminals. The new capital signals a major push to expand and brings the total amount invested by one of the world’s largest port operators […]
Canada’s green bond market has been growing, but investors would benefit from digging a little deeper to ensure what they’re buying is in fact green and not merely clever greenwashing. Green bonds are still in their infancy. The world’s first green bond was introduced in 2007 and the first Canadian one was issued in 2012. […]
While Canadian pension plans hold a quiet confidence, it turns out they actually do outperform their international peers when it comes to asset performance and liability hedging, according to a research paper from McGill University and CEM Benchmarking. The paper found Canadian plans achieve this outperformance using a three-pillar model: managing assets in-house to reduce costs, redeploying […]
China’s V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand. And if the novel coronavirus remains under control, China can remain the world’s best consumer story. In China, consumer spending came back with force. Inflation-adjusted retail sales plummeted to a 23.7 per cent year-over-year decline in January and […]
The Caisse de dépôt et placement du Québec had a challenging first half of 2020, posting a negative 2.3 per cent return. However, the pension fund remains in a strong financial position, according to president and chief executive officer Charles Emond, holding assets of more than $333 billion and with an 8.7 per cent annualized return over […]
The Investment Management Corp. of Ontario is investing in an affordable housing fund to build apartments in Toronto and Vancouver. The IMCO is committing $60 million to the Kingsett Affordable Housing LP Fund, managed by Kingsett Capital Inc. The investment comes as vacancy rates in both cities continue to decline due to unaffordability and lack of […]
In the wake of the coronavirus fallout, real estate, infrastructure and private debt investors seem to be zeroing in on well-established managers, according to Preqin Ltd. data for the second quarter of 2020. With no surprise, real estate saw a challenging second quarter with a decline in activity in funds closing compared to the first […]
As part of the federal government’s debt management strategy, it’s increasing long-term debt issuance. In particular, the government will be increasing issuance of the 10-year and 30-year bonds for 2020-2021 to an unprecedented combined amount of $106 billion, according to the federal economic and fiscal snapshot from July 8. The issuance is roughly five times […]