Leveraged buyouts have a reputation for creating bankruptcy risk for the company being purchased. “With the recent wave of private equity-backed leveraged buyouts that are ending in bankruptcy, politicians, regulators and the general public are once again becoming more concerned with these highly levered transactions,” said the paper by Brian Ayash and Mahdi Rastad, both […]
The Canada Pension Plan Investment Board, along with investment firm EQT Partners, is acquiring a majority stake in Waystar Inc. from Bain Capital valued at $2.7 billion. Bain Capital will retain a minority interest in Waystar, which provides revenue cycle management software for health-care operations from large hospitals to individual physician offices. The technology, which streamlines […]
As of 2018, there was one Canadian worker over the age of 55 for every worker between the ages of 25 and 34, according to a new report by Statistics Canada. This ratio is down significantly from 1996, when there were 2.7 workers between the ages of 25 and 34 for every worker aged 55 and […]
For pension plans, consolidation can come with benefits. Around the world, funds are announcing they’re moving forward with plans to merge. In Canada, faculty associations at the University of Toronto, the University of Guelph and Queen’s University, along with chapters of the United Steelworkers union representing employees from all three schools, voted in June to create a jointly […]
The Responsible Investment Association is creating a hub for investors looking for advice on responsible investing and related investment options and services. The RI Marketplace, which functions as an online directory of what’s available to Canada’s institutional and retail investors, highlights more than 150 responsible investment vehicles, including mutual funds, exchange-traded funds, pooled products, separately managed […]
For pension plans, consolidation can come with benefits. And around the world, funds are announcing they’re moving forward with plans to merge. In Canada, members of the United Steelworkers locals at the University of Toronto, University of Guelph and Queen’s University voted in June to create a jointly sponsored plan, with the goal of transferring […]
Canadian people of colour, specifically employees who identify as black, East Asian and South Asian, are experiencing high levels of “emotional tax,” according to a study by Catalyst Canada Inc. The study, which involved 700 Canadians of colour, found this tax is putting the overall health of these employees at risk and causing them to consider […]
Legal aid workers who are members of the Canadian Union of Public Employees Local 1949 have signed a tentative agreement that includes an increase in vision care benefits, sick and vacation leave and wages. “This is not just good news for our members, it’s a major victory for our most vulnerable citizens who rely on legal aid services […]
Franklin Templeton Investments Corp. is appointing Alan Bartlett as chief investment officer of its global equity group. When he begins the new role in October, Bartlett will replace Norm Boersma, the group’s CIO since 2012, who’ll retire in the fall. Previously, Bartlett was a founding member and chief executive officer of Goodhart Partners. He was also CIO of the institutional multi-manager team […]
When fathers take paternity leave, it can actually benefit the health of new mothers, according to a study by economists at Stanford University. The study looked at the effects of a 2012 Swedish law that allows fathers to take up to 30 days off work, as needed, the year after the birth of a child, but […]