The Public Sector Pension Investment Board, along with partner Investcorp, is investing in accounting firm PKF O’Connor Davies LLP. According to a press release, the new investment will give the firm more flexibility to pursue mergers and acquisitions as well as invest in new technology and service lines. The financial details of the transaction weren’t […]
While an arduous U.S. presidential election cycle may have created some market volatility, any uncertainties among Canadian institutional investors may begin to wane following Donald Trump’s election as the 47th U.S. president on Wednesday, says Ian Riach, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions. “Economics tend to trump politics . . . . […]
The Canada Pension Plan Investment Board is investing roughly US$515 million to acquire a 24.5 per cent stake in video games service provider Keywords Studios. The acquisition of the Ireland-based firm is being completed alongside EQT AB and Temasek Holdings Ltd. In a press release, Caitlin Gubbels, senior managing director and head of private equity […]
The rapid adoption of artificial intelligence tools in financial industries represents an evolving risk to institutional investors, according to a new report by the Office of the Superintendent of Financial Institutions. The financial regulator noted rapid developments in the generative AI space have resulted in an increased adoption of AI tools in financial industries. While […]
IMAX Corp. won the Benefits Plan Communications award at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18 for its use of engaging technology tools to educate employees during its benefits plan redesign. The entertainment and technology company was recognized for the steps it took to consider the voice of its employees — through interactive virtual […]
The risk associated with high-profile name concentration in technology equities is pushing institutional investors to consider risk-mitigating strategies, according to Nick Zylkowski, managing director and co-head of customized portfolio solutions at Russell Investments Ltd., speaking during a session at the Canadian Investment Review’s 2024 Risk Management Conference. He noted investors are reviewing their exposure to […]
The funded position of a typical Canadian defined benefit pension plan decreased to 107 per cent in August, down from to 107.8 per cent at the end of July, according to Telus Health’s latest pension index. It found a representative pension plan portfolio returned 0.4 per cent for the month due to strong performances by Canadian equities […]
As institutional investors’ results expectations continue to expand at a rampant speed, Errico Cocchi doesn’t want to get lost in overcomplicated investment trends. “At the end of the day you want to buy something that’s going to grow, that’s well managed and that has a good valuation,” says Cocchi, head of pension investments and debt […]
While the vast majority (95 per cent) of workers said they appreciate the value of learning to use generative artificial intelligence tools, they’re unsure their organizations have their best interest in mind, according to a new report by Accenture Canada. It found, while more than half (52 per cent) of employers are redesigning jobs and […]
The Canada Pension Plan Investment Board is investing approximately $1.2 billion in energy infrastructure firm Tallgrass Energy. The Denver-based company manages more than 10,000 miles of pipeline assets across 14 U.S. states and is also engaged in initiatives aligned with energy transition efforts. Read: Caisse invests $200 million in Quebec-based apparel firm, CPPIB buys energy […]