The Caisse de dépôt et placement du Québec is buying a 15 per cent stake in a subsidiary of Brazil-based renewable energy company ENGIE Brasil Energia. The $848 million investment in Transportadora Associada de Gás S.A. increases the Caisse’s stake in the company to 50 per cent, according to a press release. “Today’s announcement is consistent […]
The Healthcare of Ontario Pension Plan is renewing its relationship with wealth management firm Northern Trust Corp. as its asset servicing provider. The money manager will oversee global custody, foreign exchange and securities lending services for the pension plan’s $103 billion assets under management. “This decision is a testament to the successful relationship we have […]
Nearly two-thirds (63 per cent) of institutional investors believe the emphasis of energy stocks over decarbonization goals is the biggest detractor of the progress surrounding environmental, social and governance investment metrics, according to a survey from Amundi Asset Management. The survey, which polled 158 institutional investors that collectively manage €1.91 trillion in assets, found respondents […]
The progression of bonds and frontier markets over the long term will be top of mind for institutional investors in the coming year, according to Andrew Forsyth, senior vice-president of institutional investment services at Franklin Templeton. Fixed income may be in the good graces of institutional investors again as higher bond yields lead the way […]
The Pension Investment Association of Canada is urging the federal government to open a comprehensive consultation regarding the cessation of real return bonds. In an open letter, the PIAC said the decision was made without extensive consultations with the primary purchasers of real return bonds, including pension investors. While real return bonds have typically exhibited a lower […]
Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $290.2 billion worth of investment assets in Canadian DB plans, found the one-year median return was 8.01 per cent […]
Finance Minister Nate Horner says if Alberta abandons the Canada Pension Plan to run its own stand-alone fund, it will not adopt Quebec’s model, which mandates optimizing returns while also investing in the province. His comments come three weeks after Premier Danielle Smith said her government wants to hear from Albertans first before they make […]
The Alberta Investment Management Corp. is opening its first Asian office, but the Edmonton-based investment organization says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening of the AIMCo’s new Singapore office marks the first foray into the Asia-Pacific region for one of Canada’s largest institutional investors, with $158 billion of assets under management as of 2022. Evan Siddall, chief executive officer of the AIMCo, […]
As U.S. President Joe Biden signs an executive order obstructing the departure of domestic capital from venture and private capital into China, it’s raising a red flag for institutional investors interested in significant returns from the advanced technology space. The executive order, which took effect earlier this month, branded the production of semi-conductors, quantum computers […]
Canadian defined benefit pension plans generated a median return of 1.19 per cent in the second quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $300.1 billion worth of investment assets in Canadian DB plans, found the one-year median return at June 30, 2023 was 10.05 per cent, while the […]