The Ontario Teachers’ Pension Plan and private equity firm Avista Capital Partners recently partnered to acquire INC Research Inc., a global contract research organization with expertise in managing late stage clinical development programs. The transaction will be finalized by year-end 2010, and is conditional on regulatory approvals, it was stated in a press release. “Avista […]
Standard & Poor’s launched the S&P/TSX North American Preferred Stock Index today, which will cover the preferred share market across Canada and the U.S. The Index aims to provide investors with broad diversification and exposure to North American preferred stocks, according to a press release from the company. “Preferred stocks are attractive to investors in […]
Northern Trust Global Investments (NTGI) has established a Frontier Markets index fund, which provides institutional investors with exposure to areas including Eastern Europe, Africa and the Middle East. Specifically, Frontier Markets are developing countries that have high economic growth rates and small, relatively illiquid and undercapitalized equity markets, such as Nigeria, Kenya, Vietnam, Sri Lanka, […]
Investors fearing a troubled U.S. economy cut their holdings of American equities this month to 2008 levels. According to a Bloomberg report, a BofA Merrill Lynch Global Research survey showed 14% of respondents were “underweight” U.S. stocks, compared with 7% who were “overweight” in July. A total of 187 fund managers participated in the survey […]
The annual I Love Rewards’ 50 Most Engaged Workplaces Award revealed today that 1-800-GOT-JUNK? is among one of the top employers that display leadership and innovation. The Vancouver-based junk removal company ranked no. 1 in accountability & performance . “We’ve always focused on hiring the right people and creating a fantastic workplace for them. Every […]
The U.K. experienced a decrease in pension pots last month, with a 30-year-old’s annual pension dropping by £518, a 60-year-old’s annual pension dropping by £358, and a 65-year-old’s annual pension dropping by £259 according to Aon Consulting. This data is causing debate about the future of the economy, with some experts predicting a double dip […]
A recent survey of 63 institutional investors revealed 73% of infrastructure investors feel their fund managers’ interests are poorly aligned with their own, and about 25% feel there should be greater interaction between both parties when making investment decisions. The survey, conducted in June 2010 by Preqin, further revealed 72% of respondents found management fees […]