Few environmental issues create as potentially significant and widespread financial threats—and opportunities—for long-term institutional investors and fiduciaries than climate change, according to a report by Innovest Strategic Value Advisors. “Since there is now growing evidence that superior environmental performance does in fact improve the risk level, profitability, and stock performance of publicly traded companies, fiduciaries […]
Private equity firm Cerberus, which struck a deal to buy a majority stake in Chrysler earlier this week, is reportedly planning on making an offer for BCE, which could lead to a three-way bidding war. The Globe and Mail reports that Cerberus is looking for a way to buy the telecom company. The newspaper says […]
Funds advised by OMERS Capital Partners and Apax Partners have agreed to buy a couple of Thomson Corp. units for $8.63 billion in cash. Nelson Canada, a provider of books and online resources for the educational market in this country, will be majority owned by OMERS. The funds are also acquiring Thomson’s higher education, careers […]
Three additional pension funds are ready to support the Canadian-led consortium’s bid for BCE, according to a report. The Globe and Mail reports that the Ontario Municipal Employees Retirement Board, B.C. Investment Management Corp. and Alberta Investment Management have expressed interest in joining the consortium that is in discussions to buy the telecom firm. , […]
Barclays PLC has reached a deal to acquire ABN AMRO for $102.1 billion, which will create the world’s largest institutional asset manager. The combined company will be called Barclays PLC. “Barclays Global Investors’ world leading index-based, exchange traded fund and quantitative active capabilities will be complemented by ABN AMRO’s active fundamental based capabilities,” the companies […]
Institutional investors are less confident this month, according to State Street. Its Investor Confidence Index fell by 7.6 points to 91.7 from March’s revised reading of 99.3. “This month saw a pullback by North American investors, accompanied by more modest fluctuations in Asian and European confidence,” says State Street Associates director Paul O’Connell. The confidence […]
The Ontario Teachers’ Pension Plan has been told by several institutional shareholders that they would support its plan to buy BCE, according to a report. The Globe and Mail reports a group of investors that own about 36% of the company’s shares would support an offer of approximately $40 a share. Last week, a Teachers’ […]
Kensington Capital Partners has obtained a receipt for the final prospectus for the initial public offering of Kensington Global Private Equity Fund units. Closing of the offering is scheduled for April 20, 2007. The fund will offer access to a diversified portfolio of global private equity investments, including private equity funds and direct investments in […]
U.S. pension funds and endowments continue to shift assets into alternative investments and international equities and out of domestic equities, according to Greenwich Associates. Private equity investments made up 3.8% of U.S. institutional assets in 2006, up from 3.6% in 2005. Over the same period, hedge funds grew to 2.1% of total assets from 1.9%. […]
The Ontario Teachers’ Pension Plan is “closely monitoring developments and is exploring its options” as BCE’s largest shareholder, according to a regulatory filing. In a 13D filing with the Securities and Exchange Commission, the plan also denied media reports that it was pursuing a deal with Kohlberg Kravis Roberts & Co.(KKR)to acquire BCE. “Teachers’ is […]