The Canada Infrastructure Bank has found its inaugural chief executive officer in Pierre Lavallée, a former senior executive at the Canada Pension Plan Investment Board. “With an exceptional combination of investment and public-sector expertise, Pierre is well placed to set the strategic course and direction of Canada Infrastructure Bank and develop a high-performing management team,” […]
Global institutional investors’ assets under management rose 7.3 per cent in 2017 to US$36.2 trillion, the largest increase in five years, according to the Official Monetary and Financial Institutions Forum. The London, England, and Singapore-based independent think-tank’s report tracks 750 global public pension, sovereign funds and central banks, holding assets equivalent to 45 per cent of the […]
The Canada Pension Plan Investment Board is among the anchor investors in India’s first private infrastructure investment trust. Sponsored by L&T Infrastructure Development Projects Ltd., the CPPIB and Allianz Capital Partners will take a combined 55 per cent stake in the IndInfravit trust. The trust will focus on developing toll roads and other road infrastructure. It will initially […]
The Ontario Teachers’ Pension Plan has appointed Dale Burgess as senior managing director of infrastructure and natural resources. Burgess has been serving as interim head of infrastructure and natural resources since February and will assume the permanent role immediately. Read: Ontario Teachers’ appoints new Asia-Pacific regional investment head In the new role, Burgess will oversee the […]
The Canada Infrastructure Bank has appointed Annie Ropar as its chief financial officer and chief administrative officer, effective June 1. In her duties as chief financial officer, Ropar will handle financial oversight of the bank’s activities, including implementation of key finance processes and controls, assessing performance and developing the framework for enterprise risk management. In […]
The infrastructure arm of the Ontario Municipal Employees Retirement System has entered an agreement to sell its stake in Airports Worldwide Inc., a portfolio of airport assets and management contracts. “OMERS first invested in AWW in 2009,” said Ralph Berg, executive vice-president and global head of infrastructure for OMERS Private Markets, in a press release. “We […]
The Public Sector Pension Investment Board is making a number of new investments, including acquiring a Quebec-based wind power facility and a portfolio of real estate in British Columbia and investing in a video telematics company from California. The pension fund, alongside Pattern Energy Group Inc., is acquiring Mont Sainte-Marguerite Wind, a 147.2 megawatt wind power facility outside […]
Following a strong 2017, the early February selloff and subsequent quick rebound, investors are rethinking their strategy as they face a mature bull market, according to a release from Schroders. “We still feel that we are in an environment that is supportive of taking risk, it’s just that it won’t be as supportive as it was last year,” […]
The OPSEU Pension Trust and partners are investing an additional one billion euros in Globalvia, an international infrastructure concession management company based in Madrid, Spain. Alongside Dutch pension fund Stichting Pensioenfonds Zorg en Welzijn (PGGM) and Britain’s Universities Superannuation Scheme, the OPTrust manages 27 projects in eight countries — Andorra, Chile, Costa Rica, Ireland, Mexico, Portugal, Spain […]
A 9.7 per cent net return for 2017 has helped the Ontario Teachers’ Pension Plan report a funded status of 105 per cent in its annual report. Among the highlights of the report was the plan’s intention to use its funding surplus as a contingency fund to support the long-term goal of maintaining steady contribution and benefit […]