Emerging and global markets – Benefits Canada.com

CPPIB-backed fintech stock rebounds after disappointing IPO

Gideon Scanlon — Tue, 30 Nov 2021 14:00:10 +0000

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 post CPPIB-backed fintech stock rebounds after disappointing IPO appeared first on Benefits Canada.com.

Ontario Teachers’ appoints Jonathan Hausman to head new global investment strategy department

Gideon Scanlon — Thu, 25 Nov 2021 14:45:36 +0000

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 post Ontario Teachers’ appoints Jonathan Hausman to head new global investment strategy department appeared first on Benefits Canada.com.

CPPIB refinances packaging company, invests in reinsurance provider alongside OMERS; AIMCo invests in Asian PE fund

Gideon Scanlon — Tue, 23 Nov 2021 14:00:51 +0000

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 […]

The post CPPIB refinances packaging company, invests in reinsurance provider alongside OMERS; AIMCo invests in Asian PE fund appeared first on Benefits Canada.com.

Canadian investors less skeptical of corporate ESG than global average: survey

Gideon Scanlon — Thu, 18 Nov 2021 16:55:35 +0000

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 post Canadian investors less skeptical of corporate ESG than global average: survey appeared first on Benefits Canada.com.

CPPIB investing in commercial real estate in Mumbai and Birmingham

Jennifer Paterson — Tue, 16 Nov 2021 14:00:46 +0000

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 post CPPIB investing in commercial real estate in Mumbai and Birmingham appeared first on Benefits Canada.com.

AIMCo sells stake in Spanish renewable energy company, issues inaugural green bond

Jennifer Paterson — Mon, 15 Nov 2021 14:00:53 +0000

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 post AIMCo sells stake in Spanish renewable energy company, issues inaugural green bond appeared first on Benefits Canada.com.

Caisse invests in mortgage broker, Ontario Teachers’ makes reinsurance investment

Jennifer Paterson — Thu, 11 Nov 2021 14:00:36 +0000

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 […]

The post Caisse invests in mortgage broker, Ontario Teachers’ makes reinsurance investment appeared first on Benefits Canada.com.

CPPIB, Ontario Teachers’ consortium integrates global satellite communications company

Jennifer Paterson — Tue, 09 Nov 2021 13:00:18 +0000

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 — […]

The post CPPIB, Ontario Teachers’ consortium integrates global satellite communications company appeared first on Benefits Canada.com.

2021 GIC coverage: A look at China’s expanding opportunity set for institutional investors

Gideon Scanlon — Tue, 09 Nov 2021 11:58:47 +0000

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 […]

The post 2021 GIC coverage: A look at China’s expanding opportunity set for institutional investors appeared first on Benefits Canada.com.

2021 GIC coverage: Finding hidden value in emerging market currencies

Gideon Scanlon — Tue, 09 Nov 2021 11:56:48 +0000

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 […]

The post 2021 GIC coverage: Finding hidden value in emerging market currencies appeared first on Benefits Canada.com.