One of Canada’s largest pension fund managers says trillions of dollars should be shifted into investments that will counter global warming, in part because it’s crucial to long-term profits. Michael Sabia, president and chief executive officer of the Caisse de dépôt et placement du Québec, spoke Tuesday at a roundtable discussion on sustainable finance on the eve […]
The Canada Pension Plan Investment Board is investing in the WestConnex toll road project in Sydney, Australia. The pension fund is part of a consortium that bid upon and took ownership of a 51 per cent stake in WestConnex for about $8.75 billion. The CPPIB will hold a 20.5 per cent interest of this stake. […]
Bank loans $1.28BN to Montreal light-rail project
The Caisse de dépôt et placement du Québec’s subsidiary CDPQ Infra has reached an agreement with the Canada Infrastructure Bank for the latter to invest in Montreal’s Réseau express métropolitain light-rail project. The investment comes to $1.28 billion and completes the project’s $6.3-billion financing. “We are pleased to participate in the funding of this important public […]
The Ontario Teachers’ Pension Plan posted a net return of 3.2 per cent for the first half of 2018, adding $4.4 billion to the plan as of June 30, 2018. Speaking on a conference call on the mid-year result, Ron Mock, president and chief executive officer at the OTPP, called the first six months of […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 50 per cent stake in the BridgeTex Pipeline Co. for $1.438 billion. With the purchase, OMERS will be the largest shareholder of the company, which owns the BridgeTex pipeline and transports crude oil from Colorado City, Texas to refineries in Houston. “OMERS’ investment in BridgeTex is consistent with […]
The Public Sector Pension Investment Board, alongside Pattern Energy Group Inc., is completing the acquisition of a wind power facility about 50 kilometres south of Quebec City. Pattern Energy, which will operate the facility, has taken on a 51 per cent interest for about $52 million, with the PSP taking on the remaining 49 per cent. […]
The Canada Pension Plan fund returned a modest 1.8 per cent in the first quarter of fiscal 2019. It ended the quarter, on June 30, 2018, with net assets of $366.6 billion, compared to $356.1 billion at the end of fiscal 2018. The $10.5 billion increase in assets for the quarter consisted of $6.6 billion […]
Several major Canadian public pensions are investing in Puget Holdings [no LLC], the parent company of Puget Sound Energy Inc., a regulated utility company in Washington state. The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 23.9 per cent stake, while the Alberta Investment Management Corp. is raising its previously held stake by six per cent to […]
The Caisse de dépôt et placement du Québec posted a 3.3 per cent average return for the first half of 2018, adding $9.8 billion since the end of 2017 and bringing its net assets to $308.3 billion as of June 30, 2018. “The market environment became more complex in the first half of the year,” said Michael Sabia, […]