The Canada Pension Plan Investment Board is investing about $12.825 million in common shares of a Calgary-based oil and gas infrastructure service provider. The pension plan purchased common shares in CWC Energy Services Corp. from a third-party investment fund that represents about 17 per cent of total equity. The transaction comes as the CPPIB faces scrutiny […]
The Universities Academic Pension Plan is withdrawing control of its $2.7-billlion public equities portfolio from the Alberta Investment Management Corp. The withdrawal comes following ongoing discussions at the UAPP about the AIMCo’s public equities strategy and the investment manager’s volatility trading program that was wound down in 2020, says Geoffrey Hale, chair of the UAPP’s […]
Despite several bumps in the decade since the 2008/09 financial crisis, the swift and brutal crash in global equity prices when the coronavirus was declared a pandemic sent pension investors reaching for their playbooks to implement defensive strategies to mitigate the damage. “People have worked very hard at just acting on the set strategies that […]
The Canada Pension Plan Investment Board ended its second quarter of fiscal 2021 with net assets of $456.7 billion, up from $434.4 billion at the end of the previous quarter, according to a new report. The $22.3 billion increase in net assets for the quarter consisted of $21.6 billion in net income after all costs […]
Despite this year’s extreme volatility, the past ten years have been an extraordinary time to be an equity investor. This can be seen by looking at the so-called equity risk premium, which is simply the difference between returns on global stock markets and risk-free assets, such as U.S. dollar bank deposits. Over the very long […]
Impact investing has been a common concept in the private markets space, but now public equity investors can make an impact as well. At its essence, impact investing is investing in assets with the intention of generating both measurable social or environmental impacts alongside financial returns. “It’s a very broad definition, it leaves a lot […]
With the prevalence of high-frequency trading, some financial market exchange platforms have imposed speed bumps to delay trading orders and slow these traders down. “Of course, the details will be different from exchange to exchange, but basically, they slow down or [they] impose some time lags between the order placement by high-frequency traders and order […]
Companies that cater to the “new normal” of working and shopping from home are rushing to go public. 2020 could turn out to be the best year for the initial public offering market in two decades. Newly public companies have piggybacked on the broader stock market, which made a soaring recovery in spring and summer […]
Chief financial officers may be over-confident when it comes to investment forecasts, even when they’ve been proven wrong in the past, according to a new paper by researchers at Duke University and Ohio State University. “Senior financial executives’ beliefs of the mean of the distribution of S&P 500 returns are accurate, but they appear to […]
Former vice-president Joseph Biden will inherit an economy beleaguered by the battle against the coronavirus if he wins the election in November. The recession will influence his legislative priorities in both the short and long term; however, Biden has indicated that he would raise an array of corporate and personal taxes to finance domestic programs, […]