Quebec-based pension fund Bâtirente has reduced the carbon footprint of its equities by more than 22 per cent of its benchmark portfolios, according to the fund’s latest analysis. It also found that as of Dec. 31, 2019, the fund’s carbon footprint was down 12 per cent from the previous year, due to improved equity selections […]
The Canada Pension Plan Investment Board is launching Renewable Power Capital Ltd., a U.K.-based platform that will focus on renewable energy investments in Europe. The platform is backed by the CPPIB’s power and renewables investment strategy and will invest in solar, onshore wind and battery storage projects across Europe, according to a press release, which also noted […]
The Caisse de dépôt et placement du Québec is making several appointments in its real assets group in response to the departure of Macky Tall. He will lead the fund’s real assets and private equity business until the end of 2020 before joining The Carlyle Group Inc.’s infrastructure group in the U.S. as co-chair early next […]
During the virtual 2020 Defined Benefit Investment Forum on Thursday, the Canadian Investment Review announced the winners of its inaugural Pension Leadership Awards. The winners are: Investment governance award — Concordia University pension plan Sustainable investing award — Bâtirente Chief investment officer of the year — Julie Cays, the Colleges of Applied Arts and Technology pension plan DC investment […]
The Caisse de dépôt et placement du Québec is investing in IEX Group Inc., a New York-based financial technology company. The company operates the Investors’ Exchange, a U.S. securities exchange that handles about US$12 billion worth of shares every day, according to a press release. It also recently launched IEX Cloud, a platform that delivers financial data to […]
Institutional investors are focusing on equities and global markets as the economic effects of the coronavirus pandemic continue in Canada, according to a webinar hosted by Franklin Templeton Investments Corp. on Tuesday. In the keynote address, Stephen Poloz, former governor of the Bank of Canada, said the pandemic is amplifying the economic effects of five pre-existing […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in NVISION Eye Centers, a U.S.-based provider of eye-care services. As part of the transaction, Dr. Tom Tooma, NVISION’s founder, will retain a significant minority position in the company, serving as its chief medical officer and as a member of the board of directors. Read: PSP investing […]
The Canada Pension Plan Investment Board and Hudson Pacific Properties Inc. are purchasing an office tower in Seattle for US$625 million. The property is 98 per cent leased with Amazon.com Inc. occupying a majority of the building. It’s the latest investment in Seattle real estate by the partnership, which also jointly owns the nearby Hill7 office tower. “We’re pleased […]
Investments that incorporate environmental, social and governance factors are growing rapidly in Canada, according to a new survey by the Responsible Investment Association. It found these investments grew from $2.1 trillion at the end of 2017 to $3.2 trillion as of Dec. 31, 2019, a 48 per cent increase in responsible investment assets under management. In […]
The Investment Management Corp. of Ontario is launching its first structured pool of assets, worth approximately $3.5 billion. The launch of the Canadian public equity pool marks a critical stage in the continued transformation of the IMCO’s clients’ portfolios, said Bert Clark, president and chief executive officer, in a press release. Read: IMCO closes three private equity fund commitments at […]