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 Caisse de dépôt et placement du Québec is purchasing infrastructure developer and operator Plenary Americas, the North American branch of Plenary Group Ltd. As part of the deal, the Caisse is acquiring Plenary Americas’ operating business, as well as a controlling stake in its existing public-private partnership portfolio. Read: Caisse buys more shares in Indian solar […]
The Healthcare of Ontario Pension Plan’s board of trustees has named Jeff Wendling the new president and chief executive officer, effective April 1, 2020. Since joining the plan in 1998 as a senior portfolio manager on the public equities team, Wendling has had a long career at the plan. He led the public equities team […]
The Ontario Municipal Employees Retirement System posted an 11.9 per cent return for 2019. The net return added $11.5 billion in value to the pension fund, pushing its funded status on a smoothed basis to 97 per cent. The double-digit returns neatly beat the OMERS overall benchmark of 7.5 per cent. “The story in 2019 is that there was […]
The Caisse de dépôt et placement du Québec World, through its investment in DP World, has completed the purchase of Fraser Surrey Docks. The closing of the deal, which was first announced last spring, means the Canadian marine terminal is now officially part of one of the world’s largest port operators. “This new addition to DP […]
The Caisse de dépôt et placement du Québec posted a 10.4 per cent return for 2019, well surpassing its 2018 annual return of 4.2 per cent. The jump represents $31.1 billion in gains for the fund, putting its net assets at $340.1 billion. “The portfolio delivered the returns we were expecting in a context where the market really took […]
The Alberta Investment Management Corp., an investment firm buying a stake in the Coastal GasLink pipeline, says it remains “committed” to the deal despite protester blockades that have shut down railway lines in parts of Canada and threaten to inflict damage to the Canadian economy. The AIMCo, which looks after more than $115 billion in […]
Against a backdrop of uncertainty, the OPSEU Pension Trust is guided by an investment strategy with certainty at its core. In 2015, the plan introduced what it calls a member-driven investing strategy, which is all about efficient risk allocation and earning the returns required to pay pensions at the lowest possible risk. “That’s different from […]
The infrastructure arm of the Ontario Municipal Employees Retirement System and the EQT Infrastructure IV fund are jointly purchasing German fibre technology company Deutsche Glasfaser Holding. Deutsche Glasfaser provides fibre infrastructure to underserved rural and suburban German communities. The company intends to ramp up its offerings to deploy large scale fibre-to-the-home internet access in rural German regions. […]
The investment industry has been talking a lot about our position in the economic cycle and our proximity to a recession. In fact, I wrote about it last year with respect to interest rates and the economy. The current situation remains somewhat tenuous, with ever-present geopolitical tensions, rising populism (and hence protectionism), slowing global economic growth, monetary […]