The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. The transaction totals an equity commitment of about US$3.4 billion, with the investors buying a 100 per cent stake in the company from Reliance Industrial Investments and Holdings Ltd., a wholly-owned subsidiary of Reliance Industries Ltd. “For BCI […]
Four types of new habits and perspectives are expected to define the post-coronavirus era and could impact investment portfolios, according to new analysis by Thinking Ahead, the thought leadership lab at the Canada Pension Plan Investment Board. The research, co-authored by Caitlin Walsh, senior portfolio manager, and Ruby Grewal, portfolio manager, analyzed the breadth of […]
The value of assets held by Canadian trusteed pension funds fell 3.3 per cent to $2.02 trillion in the first quarter of 2020, according to new data from Statistics Canada. Despite the quarterly drop, the funds posted a year-over-year increase of 2.5 per cent. Statistics Canada’s update noted the overall decrease in the quarter was […]
Strong public market performance helped Canadian defined benefit pension plans reverse their first-quarter losses, according to a new report by BNY Mellon Asset Management Canada. The median second quarter return for the 84 Canadian corporate, public and university pension plans in BNY Mellon’s Canadian master trust universe was 9.23 per cent, up from the first quarter median […]
The Caisse de dépôt et placement du Québec is appointing Marc-André Blanchard as executive vice-president and head of CDPQ Global, effective Sept. 8, 2020. In the new role, Blanchard will have direct responsibility for the Caisse’s three main regional hubs outside of Canada: the United States/Latin America, Europe and Asia/Pacific. He will lead activities in […]
Climate change has accelerated the risk of expensive natural disasters, but these risks still aren’t being adequately taken into consideration in investment decisions. “Climate risks oftentimes are evaluated more under ‘E’ in [environmental, social and governance risk assessments],” said Jeff Schlegelmilch, director of the National Center for Disaster Preparedness at Columbia University’s Earth Institute, in a webinar hosted […]
Canadian defined benefit pension plans experienced an upsurge in the second quarter of 2020, posting a median return of 9.6 per cent, according to RBC Investor and Treasury Services’ universe of DB pension plans. After the first quarter’s median return of negative 7.1 per cent, the rally marked the highest single quarter return in the […]
Canadian defined benefit pension plans recovered some of their losses from the start of 2020 in the second quarter off the back of strong public equity gains, according to the Northern Trust Canada universe. With stimulus spending to tackle the economic impacts of the coronavirus pandemic taking effect in many countries, stock markets rebounded with double-digit […]
The Caisse de dépôt et placement du Québec, along with French utility company Engie, is acquiring the remaining 10 per cent stake in Brazilian oil and gas transportation network company Transportadora Associada de Gás. Together, the two entities bought 90 per cent of the enterprise in 2019. The latest transaction is valued at about €160 million and brings Engie’s […]
During 2020’s second quarter rebound, U.S. equities saw stronger performance than other developed markets like the U.K. and the rest of Europe. However, during the coronavirus pandemic so far, factors have moved largely in tandem in those geographies, according to Philip Lawlor, managing director and head of global investment research at FTSE Russell, during a webinar […]