CGI Inc. is buying back and cancelling 4.2 million of its class-A subordinate voting shares from the Caisse de depot et placement du Québec for $400 million. The technology-consulting company said it will pay $95.13 per share, a slight discount to where the shares closed on the Toronto Stock Exchange last week at $98.07. CGI […]
The Caisse de dépôt et placement du Québec is reinvesting $25 million in the Quebec Emerging Managers Program. The investment is part of a $110-million contribution and will promote the growth of Quebec’s emerging managers and support its asset management ecosystem, according to a press release, which noted the Caisse’s initial $25-million investment was in […]
A coalition of Canadian university endowments and pension plans are launching a new initiative to engage investee corporations on climate change risks. The initiative will engage with North American public companies held in university endowment and pension portfolios and will focus on sectors including finance, transportation, energy and utilities and manufacturing, according to a press […]
Canada’s pension funds are shifting asset management functions in-house while becoming more strategic about oversight of external managers, according to a new survey from CIBC Mellon. It found pension funds are increasing the portion of assets and investment activities managed in-house to 28 per cent from 22 per cent, with the majority of pension funds […]
The Ontario Teachers’ Pension Plan is cashing in on the recent GameStop Corp. stock rally, after selling its shares in a U.S.-based retail real-estate company that saw its value skyrocket as a result. In late January, the Ontario Teachers’ sold its 16.4 per cent share in Macerich Co. for nearly US$500 million, according to data […]
The Public Sector Pension Investment Board is entering a $700-million joint venture investing in single-family rentals in the U.S. The new venture with Pretium Partners will initially fund units across major markets in the southeastern and southwestern U.S., according to a press release. Read: PSP selling stake in European rail lessor, investing in health-care technology […]
A portfolio company of the Ontario Municipal Employees Retirement System’s infrastructure arm is entering a purchase agreement to acquire a 10-gigawatt solar project development platform. Through the deal, U.S.-based Leeward Renewable Energy will acquire the platform from First Solar Inc., which includes 773 megawatts of projects in California and the southern U.S. that are expected to […]
The Ontario Teachers’ Pension Plan is committing to achieving net-zero greenhouse gas emissions by 2050. The commitment includes the establishment of concrete targets for portfolio emissions as well as increased investments in climate solutions, according to a press release, which noted the Ontario Teachers’ will also ensure portfolio companies manage and report their emissions annually. […]
The Canada Pension Plan Investment Board is one of three investors entering a partnership with real estate developer SKR to develop, own and operate a purpose-built rental multi-family project in São Paulo, Brazil. The 220-unit mixed-use project is expected to be completed in 2023, according to a press release. Other investors include Cyrela Brazil Realty […]
The Public Sector Pension Investment Board is selling its stake in Alpha Trains, a Europe-based lessor of locomotives and passenger trains. The PSP, which has invested in Alpha Trains since 2008, will sell its interest to the PGGM Infrastructure Fund, a Netherlands-based cooperative pension fund service provider. “Alpha Trains is a unique business with a […]