CPPIB on investment spree
The Canada Pension Plan Investment Board (CPPIB) is making investments in two interesting areas.
- October 26, 2012 September 13, 2019
- 11:51
The Canada Pension Plan Investment Board (CPPIB) is making investments in two interesting areas.
Ottawa's move to increase the age of eligibility for old age security (OAS) and guaranteed income supplement (GIS) benefits to 67 from 65 could end up saving government more than $10 billion a year by the time it's fully implemented, according to a report by the auditor general.
The CPP fund ended the first quarter of fiscal 2012 on June 30, 2011, with net assets of $153.2 billion, an increase of $5.0 billion from the previous quarter ended March 31, 2011. The increase in net assets this quarter resulted from $1.3 billion of investment income, generated primarily from private assets in the portfolio, […]
The Ontario Teachers’ Pension Plan (Teachers’) and New York-based hedge fund JANA Partners LLC have bought additional shares in McGraw-Hill Companies, increasing their collective stake in the company to 5.2%, worth $531 million. Teachers’ now holds a 2.3% stake and JANA Partners holds a 2.9% stake. Both investors are pushing the New York-based publishing company […]
The CPPIB is teaming with the Public Sector Pension Investment Board (PSP Investments), a Canadian crown corporation, and London-headquartered Apax Partners to buy Kinetic Concepts Inc. (KCI), a producer of wound care products, for US$6.3 billion, including debt. Kinetic of San Antonio, Calif., said this morning that the transaction is being made for $68.50 per […]
The federal Competition Bureau has given the green light to two pension fund asset managers to purchase TimberWest Forest Corp. for US$1.03 billion. The sale is now expected to close next week. Shareholders approved the sale of TimberWest to British Columbia Investment Management Corp. and the Public Sector Pension Investment Board (PSP Investments) earlier this […]