For intergenerational investors like foreign pension plans that have been ramping up exposure to alternative assets and leveraging their patient capital, it’s worth paying attention to Indonesia’s potential. “If you follow the logic that the country’s going to be the fourth or fifth largest economy in the world . . . then to me it’s […]
Since standard banks began to shy away from their traditional financing role after the 2008 financial crisis, institutional investors have helped maintain markets by becoming increasingly important providers of long-term capital. Historically low interest rates also pushed these sovereign wealth and pension funds away from the traditional fixed income bedrock of their portfolios into a bevy […]
The Alberta Investment Management Corp. is buying an 85 per cent equity stake in the Northern Courier pipeline from TC Energy, formerly known as TransCanada Corp. After the transaction closes, which is expected to be in the third quarter of 2019, TC Energy will hold an aggregate 15 per cent share in the pipeline and […]
Canadian investors are keen to increase their allocations to alternatives over the next 12 months, according to a new survey by CIBC Mellon. Specifically, 58 per cent of Canadian institutional investors surveyed said they expect to increase allocations to this asset class and none said they expect to reduce allocations. This contrasts global findings in […]
La Caisse de dépôt et placement du Québec is contributing $75 million in the form of a subordinated private debt to Medavie Inc. Medavie operates Medavie Blue Cross, an insurance carrier that provides health, dental, travel, life and disability benefits, as well as administers various government-sponsored health programs. “Because of its resilience to economic cycles and the stable returns […]
As allocations to alternative assets grow, private equity is the most popular, trailed closely by real estate according to data from Preqin for the first half of 2019. Currently 65 per cent of institutional investors hold private equity, 63 per cent own real estate and 51 per cent have hedge funds. Somewhat less popular are […]
More than half (61 per cent) of institutional investors think equities are peaking as 2019 gets rolling, according to research from Preqin. This number has been on the rise during the past 18 months, potentially hinting markets are due for a correction, the report noted. “It’s no surprise that this is throwing the role of […]
Canadian institutional investors are taking on more private credit, both as a replacement for equity, as well as a tool to enhance their fixed income allocations, said Janet Rabovsky, partner at Ellement Consulting Group in a webinar presented by the Canadian Investment Review on Tuesday. For pension plans in particular, the equity-like return that private […]
With banks pulling back as suppliers of credit in times of economic downturn, investment funds entering the private credit space can help promote economic resilience and more could be done to facilitate the flow of private money into this space, according to a new paper. The background and motivation for this paper has to do […]
Factoring environmental, social and governance considerations into investment decisions is good risk management, according to one pension plan sponsor. “Definitely for real assets, we see it presenting risks, but also opportunities,” said Donna Mathieu, chief executive officer of NAV Canada Corp.’s pension plan, while speaking on a panel at the Canadian Pension and Benefits Institute’s 2018 […]