The Canada Pension Plan Investment Board saw a net return of 0.6 per cent for the second fiscal quarter of 2019. With a total net assets of $368.3 billion as of Sept. 30, 2018, the fund added $1.7 billion during the quarter. “While returns were relatively flat in the second quarter, our teams performed well against our […]
The political congestion likely to stem from the United States’ midterm election results has equally mixed implications for equity markets, with Democrats taking a majority in the House of Representatives and Republicans making further gains in their majority in the Senate. “A split Congress may bring gridlock, but the stock market has historically fared well with divided […]
The Canada Infrastructure Bank has named François Lecavalier as head of project development, effective Dec. 3, 2018. Lecavalier will head up a team responsible for advising public proponents of infrastructure projects, incubating new projects, building and maintaining a national inventory of new infrastructure projects and arranging global best practices on the development of new infrastructure. […]
The Canada Pension Plan Investment Board is acquiring a controlling stake in Companhia Energética de São Paulo, a Brazilian hydro-generation company, through a joint venture with Votorantim Energia. The 80.2 per cent stake in the company’s common shares and 13.7 per cent in its class B preferred shares represents an investment of about $604 million. Read: CPPIB invests $272 million in […]
Factoring environmental, social and governance considerations into investment decisions is good risk management, according to one pension plan sponsor. “Definitely for real assets, we see it presenting risks, but also opportunities,” said Donna Mathieu, chief executive officer of NAV Canada Corp.’s pension plan, while speaking on a panel at the Canadian Pension and Benefits Institute’s 2018 […]
As the investment landscape gets more complicated, defined contribution pension plan members’ investment options need to keep up, said Chhad Aul at the 2018 Defined Contribution Investment Forum in Toronto in September. Portfolio managers are currently operating in a unique environment, said Aul, portfolio manager at Sun Life Global Investments. This includes the easing off of many central banks’ […]
The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent. The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million. “Through this investment, we are reaffirming our commitment to Azure Power and […]
Following a recapitalization led by the Ontario Teachers’ Pension Plan and BC Partners, GFL Environmental Inc. is merging with Waste Industries. The two companies will form an entity valued at approximately $3.65 billion, with the transaction set to close in the last quarter of 2018. When combined the companies will operate environmental services and waste […]
The Caisse de dépôt et placement du Québec is investing about $128 million in further supporting Hopper, a Montreal-based travel booking app. The app, which topped 30 million installs over the past year, intends to use the funding to expand its market presence globally and continue to develop its artificial intelligence capacities, according to a press release. Hopper […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the investors teaming up to invest in a 309-kilometre toll road in Mexico. Details of the deal include IDEAL retaining a 51 per cent ownership of the highway’s concessionaire, the Guadalajara-Tepic, S.A. de C.V. with the CPPIB and the Ontario Teachers’ taking a 29 and […]