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OMERS closes investment in German fibre technology company

The Ontario Municipal Employees Retirement System is closing its previously announced investment in fibre technology company Deutsche Glasfaser Holding. The German company is a provider of gigabit internet connections through fibre-to-the-home to more than 700,000 households and 5,000 businesses across the country. The investment, alongside partner EQT Infrastructure Fund IV, was announced in February 2020. […]

  • May 21, 2020 November 12, 2020
  • 15:00

70% of institutional investors expect ESG integration to become standard practice: survey

The vast majority (96 per cent) of institutional investors feel they have an important role to play in addressing the world’s most pressing challenges, including climate change, social and economic inequality and the need for infrastructure development, according to a new survey by Natixis Investment Managers. About half (48 per cent) of survey respondents said institutional […]

  • May 20, 2020 November 11, 2020
  • 15:30

Competitive total rewards critical part of Canadian HR, corporate strategies: survey

Competitive total rewards programs are a critical component of Canadian organizations’ human resources and corporate strategy, according to a new survey by WorldatWork. The survey, which polled 150 Canadian employers in February, found 96 per cent offer drug, dental, life insurance/accidental death and dismemberment, long-term disability and employee assistance programs. Additionally, 93 per cent of […]

  • May 20, 2020 November 24, 2020
  • 15:15

IMCO committing US$250 million to credit fund

The Investment Management Corp. of Ontario is committing US$250 million to Apollo Global Management Inc.’s new Accord Fund III series B. The fund is focused on acquiring credits that have traded down due to liquidity-driven selling and non-economic reasons. “This is an example of IMCO adapting to market conditions and exploiting our liquidity very quickly so that clients have […]

  • May 20, 2020 November 12, 2020
  • 15:00

40% of employers to recall staff to workplace when restrictions ease: survey

Only eight per cent of Canadian employers said they’re fully prepared to reopen their workplaces when provincial governments lift restrictions, according to a new survey by the Conference Board of Canada. The survey found a further 39 per cent of respondents said they’re nearly prepared and almost half (48 per cent) said they’re somewhat prepared. While few […]

  • May 20, 2020 November 11, 2020
  • 09:00

Half of institutional investors concerned about fixed income liquidity: survey

Even before the coronavirus began affecting capital markets, fixed income investors were becoming more risk averse, according to Invesco’s latest survey. Close to half (43 per cent) of investors surveyed in late 2019 said they felt the then economic cycle had a year or less left to run and were adapting their portfolios accordingly. In some cases, this change […]

  • May 19, 2020 November 12, 2020
  • 15:25

Home Depot expanding paid time off, doubling overtime pay

The Home Depot Inc. has taken a number of steps to support its employees during the coronavirus pandemic. In its annual earnings report, the global home improvement retailer said it expanded paid time off for all hourly workers with additional hours to be used at their discretion, which will be paid out at year-end if […]

  • May 19, 2020 April 15, 2021
  • 15:15

AIMCo board undertaking third-party review of volatility trading strategy

The Alberta Investment Management Corp.’s board of directors has released a statement outlining its response to the poor performance of its volatility trading strategy. In the wake of the coronavirus crisis, the strategy resulted in a loss of $2.1 billion or about two per cent of the AIMCo’s portfolio. “Oversight of AIMCo’s investment strategies and risk management is […]

  • May 19, 2020 November 11, 2020
  • 15:00

MSCI releases new indexes focused on disruptive innovations

The MSCI Inc. is launching a new set of indexes focusing on disruptive innovation, building on the index provider’s megatrend index suite. The new indexes will focus on companies in fields like autonomous technologies, genomics, fintech and next generation internet. The new indexes will use insights from ARK Investment Management, a firm specializing in analyzing […]

  • May 19, 2020 December 6, 2020
  • 07:10

Amazon extending increased hourly pay through May

Amazon.com Inc. is extending its increased hourly pay for all global employees and its double overtime pay for employees in Canada and the U.S. through May 30. The pay increase, which began in April, is $2 an hour in Canada, US$2 in the U.S., £2 in the U.K. and about €2 in many European Union countries. The extensions increase […]

  • May 15, 2020 November 11, 2020
  • 15:15