public equity – Benefits Canada.com

Expert panel: The different pathways to pursuing a total portfolio approach

bmcgovern — Tue, 24 Sep 2024 15:00:20 +0000

The total portfolio approach is gaining interest as a new investing strategy for pension funds and other asset owners, but its novel status may be deceiving. Indeed, the concept behind this approach has been at the core foundation of modern portfolio theory since the days when Nobel Prize winner Harry Markowitz showed that maximizing the […]

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CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements

Gideon Scanlon — Tue, 14 Mar 2023 16:30:54 +0000

The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]

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CPPIB acquiring stake in fossil fuel producer, Caisse investing in habitat restoration company

Gideon Scanlon — Tue, 07 Mar 2023 17:30:13 +0000

The Canada Pension Plan Investment Board is acquiring a 49 per cent stake in one of California’s leading fossil fuel producers. The CPPIB is securing its minority stake in Aera Energy from IKAV Energy Inc., an asset management company. Following the sale, IKAV will maintain a majority stake in the firm. Founded as a joint […]

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AIMCo returns 14.7% in record-breaking year

Gideon Scanlon — Thu, 21 Apr 2022 15:00:16 +0000

The Alberta Investment Management Corp. secured a return of 14.7 per cent in 2021, according to a press release. During the year, the AIMCo’s assets under management reached $168.3 billion, up from $146.6 billion in 2020. Following the record-breaking performance, its annualized total fund return rose to 7.4 per cent on a four-year basis and 8.6 per […]

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CPPIB Credit shedding shares of Canadian gold mine developer

mschmit — Mon, 27 Jul 2020 05:16:10 +0000

CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. The sale […]

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What’s keeping ESG rankings so convoluted?

mschmit — Fri, 17 Jul 2020 04:15:24 +0000

Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar explored some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and non-comparable and material information is not always available.” One key problem, it noted, […]

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If private equity doesn’t perform, is it worth institutional investors’ trouble?

mschmit — Wed, 15 Jul 2020 04:52:03 +0000

As private equity investments become more commonplace in pension fund portfolios, is the asset class really worth it? According to a paper by Ludovic Phalippou, professor of financial economics at the University of Oxford’s Saïd Business School, private equity funds have failed to outperform equities over a 10-year period. But the real catch is the […]

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PSP Investments sees -0.6% net return for fiscal year

mschmit — Fri, 10 Jul 2020 08:41:47 +0000

The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio, which saw a negative 2.2 per cent return. […]

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Coronavirus: a true test of partnership for private equity firms

mschmit — Mon, 29 Jun 2020 03:37:23 +0000

As the novel coronavirus pandemic upended the way businesses operate, investors around the world have been able follow daily market gyrations in real time to see how public companies are being impacted and what the crisis is doing to valuations. What has been perhaps less visible is how private equity firms have responded to the […]

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How do sovereign wealth funds’, public pensions’ real estate investments compare?

mschmit — Mon, 13 Apr 2020 03:41:52 +0000

Despite the key differences between sovereign wealth funds and public pension plans, the two institutional investors are quite similar in that they’re large, state-owned, sophisticated pools of capital. However, on average, the two types of organizations approach their real estate investments differently, according to a new paper by McKay Price, Collins-Goodman chair in real estate […]

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