Historically, the Canada Pension Plan Investment Board’s credit functions were scattered across the organization. But in 2018, the pension fund consolidated its credit investments into one department to gain synergies. Before the merger, the CPPIB’s principal credit investment group was within the private investments team, its private real estate debt group was within the real […]
The Canada Pension Plan Investment Board has completed its purchase of all outstanding common shares of Pattern Energy Group Inc. Pattern is no longer traded on the NASDAQ and will shortly be de-listed from the Toronto Stock Exchange. The CPPIB bought each outstanding share for $26.75 in cash. Read: CPPIB buying U.S.-based renewable energy developer “Pattern Energy has a high-quality operating portfolio of contracted […]
The chief executive officers of several major Canadian pension funds have joined forces with several other CEOs to ask Canadian business leaders to make the slowdown of the spread of the coronavirus their main priority. “International experience demonstrates that social distancing is the only effective method and is in the best interests of our employees, […]
In a historic move, the U.S. Federal Reserve lowered its target range for the federal funds rate to between zero and 0.25 per cent on Sunday. The Fed is taking the emergency action in a bid to help alleviate the extreme economic disruption caused by the spread of the coronavirus. It said it intends to […]
Canadian employer pension plans saw the market value of their assets increase 1.6 per cent in the third quarter of 2019, up from the previous quarter, according to new data from Statistics Canada. The value of assets was also up 7.3 per cent in comparison to the third quarter of 2018. Bonds saw the highest value gain in the […]
The Caisse de dépôt et placement du Québec is purchasing infrastructure developer and operator Plenary Americas, the North American branch of Plenary Group Ltd. As part of the deal, the Caisse is acquiring Plenary Americas’ operating business, as well as a controlling stake in its existing public-private partnership portfolio. Read: Caisse buys more shares in Indian solar […]
The Colleges of Applied Arts and Technology pension plan’s funding status dipped slightly in 2019, to 118 per cent on a going-concern basis from 120 per cent in 2018. In its latest actuarial valuation report, the CAAT attributed the solid status to excellent investment returns over the past 10 years, as well as its membership growth strategy, […]
While Canadian pension plans are looking further afield for real estate opportunities, are there fresh buys on the home front? Rental apartments are one subset of the asset class that Canadian plans should consider for domestic growth, says Jeffrey Olin, president, chief executive officer and portfolio manager at Vision Capital Corp. Millennials are growing up, […]
Corporate governance, climate change and human rights in the digital economy are primary focuses for Northwest & Ethical Investments in 2020. The Canadian firm’s annual corporate engagement focus list highlights five key themes and 26 investee companies it intends to engage with throughout the year. It’s planning to engage companies on governance issues including board diversity and board and […]
The majority (79 per cent) of pension fund and private equity professionals expect their passive private equity allocations to either stay the same or increase in 2020, according to a new survey by Torys LLP. Pension funds, in particular, cited competition for new investment opportunities (65 per cent) and pressure from limited partners to provide co-investment […]