The British Columbia Investment Management Corp. is reporting a nine per cent return for the fiscal year ending Mar. 31, 2018, a slight drop from its 12.4 per cent return in the previous year. The return generated $1.9 billion in added value, bringing the organization’s assets under management to $145.6 billion. It also increased its internally managed assets to […]
The Alberta Investment Management Corp. is investing $140 million in Brazilian private equity firm IG4 Capital’s FIP Iguá, the controlling shareholder of water and sewage holding company Iguá Saneamento. Following the investment, IG4 Capital will remain the controlling shareholder of FIP Iguá, which holds an 84.2 per cent stake in Iguá Saneamento. Read: CPPIB, AIMCo team up with industrial […]
The Ontario Teachers’ Pension Plan is providing a $200 million round of financing to Stem Inc. to finance its acquisition of artificial intelligence-driven energy storage projects in Ontario. The pension fund took part in the company’s first round of Series D financing in January 2018. Within the next 12 months, Stem plans to use the funds to expand its […]
La Caisse de dépôt et placement du Québec is teaming up with global investment manager AMP Capital Investors Ltd. to provide more than $657 million in financing to U.S. developer Tillman Infrastructure. The investment will help finance the building of new telecommunications towers across the U.S., providing new ground for carriers to cover, as well as boosting […]
Northern Trust Corp. is introducing an alternative fund services business for North America, aimed at addressing the needs of the evolving alternative asset management industry. Peter Sanchez, who has led the company’s hedge fund services since 2011, will lead the new business, which is part of Northern Trust’s corporate and institutional services. “Bringing private equity and hedge fund services […]
Globally, sovereign investors have enjoyed the hefty returns stemming from almost a decade of charging equity markets, but they’re set to make major moves into alternatives going forward, according to Invesco’s latest study. The study, which surveyed 126 sovereign investors and central bank reserve managers representing $17 trillion in assets, found an average equity return of 8.7 per […]
Vestcor Investment Management Corp. posted an eight per cent return on total assets under active management in 2017, up from 6.2 cent the year before. Formerly the New Brunswick Investment Management Corp., Vestcor provides administration services for 11 public sector pension plans, as well as global investment management services to nine public sector clients with […]
Globally, more than 70 per cent of public institutional investors have increased their allocations to real assets over the past three years, according to a new survey by the Official Monetary and Financial Institutions Forum and the Bank of New York Mellon Corp. The survey, which interviewed public pension and sovereign funds with almost $4.6 trillion in […]
The kingdom of Belgium has presented Ron Mock, president and chief executive officer of the Ontario Teachers’ Pension Plan, with its second-highest order of knighthood. The honorary order of knighthood, known as Belgium’s commander of the order of the crown, was presented to Mock for his service to the Belgian state by Belgian ambassador Raoul […]
At the end of its 2018 fiscal year, the Public Sector Pension Investment Board posted a net return of 9.8 per cent, representing $13.5 billion in income. While the result wasn’t as hefty as last year’s 12.8 per cent, the fund beat its benchmark portfolio return of 8.7 per cent. The increase in assets marks […]