Shares in a Canada Pension Plan Investment Board-backed financial technology company have rebounded following a disastrous first week on the Bombay Stock Exchange. In the four days that followed One97 Communication Ltd.’s Nov. 18 debut, its stock price dropped by more than 37 per cent. By Nov. 29, following the release of a third quarter report […]
The Ontario Teachers’ Pension Plan is appointing Jonathan Hausman as senior managing director of its newly created global investment strategy department. The new department aims to provide the Ontario Teachers’ with a global competitive advantage by developing strategic responses to emerging themes affecting multiple asset classes and regions, according to a press release, which noted […]
The Canada Pension Plan Investment Board is recapitalizing an expanding packaging business. The institutional investor has signed an agreement with the U.S.-based Berlin Packaging, a supplier of glass, plastic and metal containers with annual revenues of about US$2.5 billion. Private equity firm Oak Hill Capital Partners, which has been an investor in the packaging supplier […]
Nearly three-quarters (72 per cent) of Canadian institutional investors don’t believe companies can be trusted to achieve their stated environmental, social and governance commitments, according to a new survey by U.S. public relations firm Edelman. The survey looked at the opinions of institutional investment professionals from Canada, Germany, Japan, the Netherlands, the U.K. and the […]
The Canada Pension Plan Investment Board and Phoenix Mills Ltd. are forming a joint venture to develop an office-led, mixed-use building in Mumbai. The Canadian investment manager is committing about $231 million in tranches for an ultimate equity stake of 49 per cent in the entity, known as PCREPL, that will own the asset. This […]
The Alberta Investment Management Corp. is selling its 97.33 per cent ownership stake in a Spanish renewable energy company. Eolia Renovables de Inversiones is an independent power producer that develops, constructs and operates wind farms and solar photovoltaic plants. The company manages a 899 megawatt portfolio of renewable energy assets, as well as a renewable […]
The Caisse de dépôt et placement du Québec is investing in a Canadian mortgage broker. The investment in M3 Financial Group will allow the organization to continue its strategic growth plan around acquisitions and help expand its digital footprint, according to a press release, which noted the mortgage broker most recently acquired Pinch Financial, a technology […]
A consortium of investment managers, including the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan, are reaching an agreement to create a global communications organization. The shareholder group of Inmarsat, a British satellite telecommunications company — which also comprises private equity firm Warburg Pincus and funds advised by Apax Partners LLP — […]
For all its dangers, there’s still considerable opportunity to be found in the Chinese investment space. At the 2021 Global Investment Conference, Anh Lu, portfolio manager for the Asia ex-Japan equity strategy at T. Rowe Price, said the trick to capitalizing on the opportunities in the world’s most populous country is to consider the long-term […]
This year has been a difficult one for emerging market currencies, but there are signs that 2022 will give investors reason to be optimistic. “For the first time in 20 years, U.S. growth is outperforming EM growth,” said Fernando Grisales, senior emerging market portfolio manager at Schroders, during his presentation at the 2021 Global Investment […]