Brian Gibson, senior vice-president and head of public equities at Ontario Teachers’ Pension Plan, has left to start his own investment firm, media reports say. Bloomberg reports that his last day was yesterday. He joined Teachers’ in 1995. Gibson developed a “relationship investing” approach that saw the fund take a large stake in a company—like […]
The California State Teachers’ Retirement System(CalSTRS)has issued a request for proposals seeking alternative investment portfolio advisors to recommend partnerships, perform due diligence and assist and advise its staff. The request for proposals aims at establishing one nondiscretionary alternative investment advisors in each of three global regions: the Americas – North and South America; Europe – […]
According to the latest “60 Second Survey” by Morneau Sobeco, 20% of pension funds in Canada don’t know whether their assets are exposed to Asset-Backed Commercial Paper(ABCP)or high-risk Canadian sub-prime mortgages, which brought about a liquidity crunch on the non-bank ABCP market. Almost as many pension funds believe that they are exposed to at least […]
State Street Global Advisors is expanding its presence in Canada and has acquired new office space in downtown Toronto. “The growth of our office in Toronto emphasizes our commitment to having a strong presence in Canada, the eighth largest economy in the world, and an important part of SSgA’s global strategy,” says Otello Sturino, the […]
Jim Leech, senior vice-president, Teachers’ Private Capital, will be the new president and CEO of the Ontario Teachers’ Pension Plan, effective December 1, 2007. He will succeed Claude Lamoureux, who plans to retire later this year. The board’s decision to appoint Leech was unanimous, says chair Eileen Mercier. “The board’s human resources and compensation committee […]
John Watson continues to mentor young investors and pass along his years of experience. John Watson says he bleeds blue. Leafs paraphernalia—including a huge photograph of the last game at Maple Leaf Gardens—punctuates his 13th floor office at Sprucegrove Investment Management in Toronto. Born and raised in Toronto, the fit 63-year-old also plays hockey year-round […]
Jean-François Courville has left State Street to join MFC Global Investment Management as its president and chief operating officer. He will be responsible for growing the firm‘s third-party institutional and sub-advisory investment management businesses in North America, Japan, Asia and the United Kingdom as well as expanding investment management services to Manulife’s own wealth management […]
Great-West Lifeco has completed its acquisition of Putnam Investments from March and McLennan Companies. “We are very excited to join Great-West Lifeco and the Power Financial group of companies, says Putnam’s president and CEO, Charles E. Halderman, Jr. The deal, which was announced in February, is worth about US$3.9 billion. “This acquisition allows Lifeco to […]
The Caisse de dépôt et placement du Québec has acquired a 25% interest in Interconnector(UK)Limited for $352.3 million dollars from BG Group. Interconnector is a natural gas transporter based in the United Kingdom, which owns and operates a pipeline between the U.K. and Belgium. “This transaction perfectly meets the Caisse’s private equity group’s investment criteria. […]
Institutional investors are more confident this month, according to the State Street Investor Confidence Index. Global investor confidence rose by 5.1 points to 97.2 from May’s revised reading of 92.1. “Looking regionally, it is North American institutional investors who are displaying the most enthusiasm,” says State Street Associates director Paul O’Connell. “European investors have followed […]