Fund managers’ race appears to play a role in whether they’re selected by asset allocators, such as pension funds, according to a new report. The report, by Illumen Capital and a centre from Stanford University’s department of psychology, found racially diverse teams may face bigger barriers to advancement, even after they’ve established themselves as strong […]
A company controlled by the Canada Pension Plan Investment Board has acquired a 10.01 per cent equity stake in the 407 International Inc. The 407 International holds a concession over the 407 express toll route from SNC-Lavalin Group Inc. Under the terms of the agreement, the CPPIB agreed to pay $3 billion to SNC-Lavalin on closing, with an additional $250 […]
A third (30 per cent) of employees said they’ve left a job because it didn’t offer flexible working options, according to a new survey by FlexJobs. The survey, which polled more than 7,000 workers, found 80 per cent would be more loyal to their employers if they had flexible working options and 52 per cent […]
Three managing general agencies in the benefits, pension and investment industries are combining forces. The firms — Financial Horizons Group, headquartered in Kitchener, Ont.; Torce Financial Group Inc., based in the greater Toronto area; and Vance Financial Group Inc. from Vancouver — will join forces to build on the strengths of their operations and advisor networks, according to […]
Foyston, Gordon & Payne Inc. is appointing Brooke Biscoe as a credit analyst on its fixed income team. Biscoe’s career began in 2013 at Standard & Poor’s Financial Services, where he spent three years as a ratings analyst assisting the primary analyst in the preparation, monitoring and amendment of ratings for Canadian companies in a variety of industries. […]
For the first time in its existence, the German 30-year government bond yield slipped into the negatives and it isn’t inconceivable that U.S. Treasuries could follow suit, said Joachim Fels, global economic advisor at PIMCO Corp., in a recent blog post. While negative yields have lately been cropping up in developed markets outside the U.S., […]
With India attracting the attention of Canadian pension plans, what opportunities and risks exist in the country? Across all asset classes, 2018 saw US$47 billion in foreign investment transactions into India, according to Sanjeev Krishan, deals and private equity expert at PwC India, during the Canadian Investment Review’s podcast “Pension Passport.” And this year could […]
The Canada Pension Plan Investment Board closed out the first quarter of its 2020 fiscal year with a 1.1 per cent net return. The fund added $8.6 billion to its assets, with $4.5 billion in CPP contributions and the other $4.1 billion in net income. “CPPIB’s investment programs performed well in the first quarter, achieving solid net income in […]
Daniel Fournier, the chief executive officer of Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is retiring in October. “As I look back at the last 10 years, I realize just how much we have accomplished at Ivanhoé Cambridge,” said Fournier in a press release. “We elevated this Quebec company […]
Ontario Liberal leadership contender Steven Del Duca is proposing the creation of a basic group benefits package for workers in the province who are currently without one. As part of his so-called Economic Dignity Charter, the former Member of Provincial Parliament for Vaughan promised to create a portable, government-backed benefits program for the self-employed, contract employees and people […]