While many financial institutions are issuing green bonds, Sun Life Financial is the first insurance company globally to issue a sustainability bond, which will cover investments in both green assets and other assets serving a broader social purpose. On Wednesday, Sun Life announced it’s issuing a $750 million principal amount of Series 2019-1 subordinated unsecured […]
Pension funds invest in forestry, agriculture, oil and gas, but what about carbon? Later this year, a World Carbon Fund will be launching to provide investors access to carbon in their portfolios. The idea is premised on accessing carbon through emissions trading in the cap and trade systems, says Michael Azlen, founder and chief executive […]
BlackRock Inc. is shaking up the private equity industry with a new longer-term approach to the asset class. In April, the firm announced it was ready to start investing its long-term private capital vehicle, which had $2.75 billion in capital committed from cornerstone investors at the time. According to BlackRock, the permanent capital vehicle will […]
While investors want more disclosure and transparency, it can come with consequences. When the Securities and Exchange Commission launches an investigation of a firm for financial fraud, it’s voluntary for managers to disclose this. And even when the investigation doesn’t result in charges, firms that voluntarily disclose they were under investigation have significant negative returns […]
As talks of U.S.-China trade tensions dominate headlines, many investors are keeping a close watch. On June 29, 2019, U.S. President Donald Trump and Chinese leader Xi Jinping met on the margins of the G20 in Japan. What really stood out from the meeting is that an agreement was reached to resume trade negotiations, says […]
With no actively managed pure Canadian momentum strategies available in Canada according to research by Hillsdale Investment Management Inc., it decided to fill the market gap in May 2018. “It’s a tough factor to define and find,” says Chris Guthrie, the firm’s president and chief executive officer, chief investment officer, portfolio manager and founding partner. […]
With many Asian countries in need of private infrastructure investors, one way to make it more attractive to investors is by sharing some of the additional tax revenue created by these projects, says Naoyuki Yoshino, dean and chief executive officer of the Asian Development Bank Institute. In the past, infrastructure returns were generated from user […]
The Institutional Limited Partners Association has released new best practices guidance covering a variety of topics in the private equity space. One topic is management fees, which the association said should be based on reasonable expenses that are normal operating costs of the fund. And, it noted, when new funds are formed, general partners should […]
Private equity firm Peloton Capital Management has made its inaugural investment of $75 million in 123Dentist, the largest majority Canadian-owned network of dental practices. Peloton, which launched in November 2018, was founded by two former Ontario Teachers’ Pension Plan managing directors, Steve Faraone and Mike Murray. Jim Leech, the chancellor of Queen’s University and former […]
When it comes to investing member contributions, the Co-operators Group Ltd.’s defined contribution pension doesn’t look like many other Canadian plans. For one, it doesn’t use a platform approach to investing. Instead, much of its more than $1 billion in assets under management are part of a pre-constructed balanced fund with different target-risk levels with […]