Australia – Benefits Canada.com

AIMCo investing in Australian agriculture firm, CPPIB in cloud-based storage developer

Gideon Scanlon — Tue, 07 Sep 2021 17:00:16 +0000

The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]

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Ontario Teachers’, PSP join consortium to buy Australian infrastructure investment company

Gideon Scanlon — Tue, 31 Aug 2021 17:15:09 +0000

The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]

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Is inflation back on institutional investors’ minds?

mschmit — Wed, 09 Sep 2020 04:37:39 +0000

While massive monetary policy response didn’t drive inflation following the 2008/09 financial crisis, institutional investors are mulling over whether things may be different this time. The global economy has rarely seen such a swift willingness to engage with economic calamity on both monetary and fiscal levels, says Erik Weisman, chief economist and fixed income portfolio […]

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Is it time for bond owners to shift how they view deficits and debt?

mschmit — Fri, 04 Sep 2020 03:40:20 +0000

While rising government deficits and debt are concerning for many bond owners, they should actually be more concerned that deficits aren’t big enough, said David Bezic, an independent economic consultant, during the Canadian Investment Review and Benefits Canada’s 2020 Plan Sponsor Week in mid-August. Many of the concerns around debt and deficits are founded on […]

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OMERS acquiring stake in Australian electricity infrastructure company

mschmit — Mon, 20 Jul 2020 07:27:55 +0000

The Ontario Municipal Employees Retirement System is acquiring a 19.99 per cent stake in TransGrid, an Australian electricity infrastructure company. The organization’s high-voltage transmission network connects around eight million people to the electricity supply. With a high proportion of regulated business making up about 90 per cent of its leased assets, TransGrid offers investors like […]

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A fundamental problem with target-date funds

mschmit — Wed, 15 Jul 2020 04:45:55 +0000

Target-date funds lead to defined contribution plan members taking more risk and becoming more diversified than they would be if left to their own devices. But despite these benefits, TDFs fail to provide what members really want and need — a reliable income replacement for life managed by somebody else. My colleague Ioulia Tretiakova and […]

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Will yield curve control come to North America?

mschmit — Mon, 22 Jun 2020 09:19:28 +0000

With central banks targeting short-term interest rates near zero and engaging in quantitative easing, will they resort to other monetary policy tools like yield curve control to further stimulate the economy? Yield curve control is when a central bank targets a longer-term interest rate and then pledges to buy the required amount of bonds to […]

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How are institutional investors weighing the risks, opportunities of the energy transition?

mschmit — Fri, 27 Mar 2020 03:21:57 +0000

If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]

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Ontario Teachers’, partner acquire ownership stake in Australian water company

mschmit — Wed, 25 Mar 2020 04:50:47 +0000

The Ontario Teachers’ Pension Plan, alongside Morrison & Co. on behalf of the Utilities Trust of Australia, is acquiring the Infrastructure Fund’s ownership stake in the Sydney Desalination Plant. As a result of the transaction, Ontario Teachers’ ownership of SDP will increase to 60 per cent, while UTA’s interest, managed by Morrison & Co, will […]

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PSP buying permanent water rights in Australian orchards

mschmit — Wed, 04 Dec 2019 08:04:08 +0000

The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490 million. “Our agreement with Olam Orchards Australia is consistent with our strategy to partner with best-in-class operators who take the long-term view and to invest in high-quality agricultural assets globally,” […]

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