The Caisse de dépôt et placement du Québec will invest $2 million in Maetta Sciences Inc. The investment will aid the metal manufacturing company with its technology for the industrial sector, including aeronautics and medical products. The Boucherville, Quebec-based firm has developed a new technology for the manufacturing of metal parts by powder injection molding […]
The Caisse de dépôt et placement du Québec and the Business Development Bank of Canada are creating a $330 million fund to invest in Canadian small and medium-sized enterprises(SMEs). “Both our institutions want to support companies with strong growth potential,” says Normand Provost, the Caisse’s executive vice-president, private equity. “We really wanted to repeat the […]
Power Financial is considering an offer to buy Putnam Investments for more than US$3.5 billion, according to a newspaper report. The company, which controls IGM Financial and Great-West Lifeco, is reportedly looking to expand outside of Canada. Putnam has $191 billion in assets under management, 204 institutional clients, and more than nine million shareholders and […]
Ontario Teachers’ Pension Plan(OTPP)is teaming up with Johannesburg-based Ethos Ltd. to buy Consol Ltd. of South Africa for US$850 million. Consol is Africa’s biggest glassmaker and supplies bottles to SABMiller, one of the world’s leading brewers. The purchase is the latest in a string of deals for the pension plan. Last month, OTPP announced it […]
Bob Bertram, executive vice-president, investments, with the Ontario Teachers’ Pension Plan and BENEFITS CANADA’s Top 40 Money Managers Lifetime Achievement Award winner had just come from a meeting about retirement residences with veteran real estate investor, Paul Reichmann. While retirement residences might just be the next wave, Bertram has pioneered many of the strategies and […]
SITQ, the Caisse de dépôt et placement du Québec’s real estate arm, has purchased a 50% interest in some Calgary properties from Alberta Investment Management(AIM). Financial terms of the deal were not disclosed. With this transaction, SITQ becomes an equal partner with AIM in the TD Canada Trust and TD Square projects. They are also […]
AGF has signed an agreement to acquire about 80% of London, Ontario-based Highstreet Partners Limited, which manages $4.8 billion in assets, for an undisclosed amount. The current management team at Highstreet—whose clients include pension plans and corporate investors—will continue to own approximately 20% of the firm. Upon completion of the deal, AGF’s private investment group […]
It’s been a hard few years for defined benefit(DB) plan sponsors. Low interest rates, poor equity market performance and a host of regulatory challenges have led to major shifts in their approach to asset management. And money managers have had to keep up with the changes, developing new and better approaches. It’s been challenging, but […]
Long-term value and the role of the investment manager. The way risk and benchmarks are used by the investment industry is wrong and damaging to its clients. Different perceptions of risk bias the behaviour of the plan sponsor and the fund manager in important and different ways. On the one hand, plan sponsors are interested […]