Eight Indigenous groups and an Alberta-based energy company are becoming the co-owners of a pipeline in which the Alberta Investment Management Corp. has a majority stake. The TC Energy Corp. is selling its 15 per cent stake in the Northern Courier Pipeline, which transports bitumen along a 90 kilometer route between Fort Hills Mine and […]
A sport data intelligence and entertainment provider backed by the Canada Pension Plan Investment Board is seeing its stock price recover following a disastrous first day on the Nasdaq. Before making its debut on Sept. 14, Switzerland-based Sportradar Group expected to see its first public stocks trade between US$25 and US$27 — roughly in line […]
The Healthcare of Ontario Pension Plan is appointing Michael Wissell as its chief investment officer. Prior to the new role, Wissell was the plan’s senior vice-president of capital markets and total portfolio since 2018. During his tenure, he’s credited with helping to foster a culture of innovation and for spearheading several new investment strategies. Read: HOOPP […]
The Ontario Teachers’ Pension Plan is investing in an Australian insurance distribution company. The pension fund acquired a 33.4 per cent stake in Greenstone and is now an investor alongside the Caisse de dépôt et placement du Québec, which first invested in the Australian company in 2016. Read: AIMCo investing in Australian agriculture firm, CPPIB in […]
To push for greater female representation on a corporate board, the Ontario Teachers’ Pension Plan withheld its support for the re-election of a female board director during a shareholder vote. During the annual general meeting of network management software developer Netscout Systems Inc., the pension fund’s proxy refrained from voting on a measure to re-elect […]
The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the 20 largest pension funds in the world in terms of assets under management, according to a new report from the Thinking Ahead Institute. The not-for-profit investment research organization’s report, which was based on figures from the end of 2020, ranked […]
The Alberta Investment Management Corp. has reached an investment management agreement with the Alberta Teachers’ Retirement Fund Board following a protracted period of negotiation. The agreement will see the Alberta Teachers’ assets, valued at $19.1 billion in its 2020 annual report, transferred to the custody of the AIMCO. According to Rod Matheson, the Alberta Teachers’ […]
The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]
“Plans are, for the first time in a long time, in a position to off-load risk,” says Murray Wright, one of the contributors to LifeWorks Inc.’s monthly report on Canadian pensions. According to Wright, the principal of retirement and financial solutions at LifeWorks, pension chief financial officers are paying particular attention to one number found […]