public equities – 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 […]

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Tracking indirect GHG emissions vital for institutional investors, says expert

Gideon Scanlon — Fri, 26 Nov 2021 21:30:44 +0000

Institutional investors seeking to reduce their portfolios’ carbon footprint should pay more attention to scope 3 emissions, says Priti Skokeen, head of environmental, social and governance research and engagement at TD Asset Management Inc. “Typically, when investors engage issuers on climate change, the focus tends to be on industries traditionally understood as high emitting, for […]

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Debate about pension fund’s divesting due to ESG issues heats up in Oregon

mdunne — Fri, 26 Nov 2021 14:00:18 +0000

Oregon’s state employee retirement fund is coming under increased scrutiny as the U.S. state is facing increased calls for divestment from companies that have environmental, social and governance issues. Oregon residents are increasingly pushing for the state to divest from fossil fuel companies and other controversial investments, but the state treasury is resisting and putting […]

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AIMCo sees quarterly returns of 1.7 per cent, CPPIB up 3.8 per cent

Gideon Scanlon — Tue, 23 Nov 2021 14:00:56 +0000

The Alberta Investment Management Corp. saw returns of 1.7 per cent during the third quarter of 2021, according to its quarterly report. Between July and the end of September, the AIMCo saw the value of its assets rise from $123.4 billion to $130.1 billion, beating its benchmark of 0.9 per cent. On a year-to-date basis, the […]

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HOOPP buys shares in P&C insurance company, Caisse invests in private equity fund

Jennifer Paterson — Thu, 18 Nov 2021 20:00:19 +0000

The Healthcare of Ontario Pension Plan and Swiss Re Investments Holding Co. Ltd. are purchasing common shares in a Canadian property and casualty insurance company in its initial public offering. The gross proceeds from Definity Financial Corp.’s IPO are expected to be about $2.1 billion. The IPO is being made in connection with the conversion […]

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Ohio retirement fund suing Facebook over investment loss

mdunne — Wed, 17 Nov 2021 20:00:50 +0000

Ohio’s largest public employee pension fund is suing Facebook — now known as Meta — alleging that it broke U.S. federal securities law by purposely misleading the public about the negative effects of its social platforms and the algorithms that run them. The lawsuit by the Ohio Public Employees Retirement System specifically claims that Facebook buried inconvenient findings […]

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Sounding Board: How institutional investors can manage the physical risks of climate change

Jennifer Paterson — Wed, 17 Nov 2021 14:00:45 +0000

With recent deadly heat waves and wild fires ravaging Canada’s west coast and large-scale flooding in the east, who can ignore the growing risk of extreme weather? Irrespective of efforts to reduce greenhouse gas emissions, extreme weather events, driven by climate change, are projected to increase in frequency, intensity and duration through the 21st century, […]

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Norway pension fund divesting from companies tied to weapon production

Jennifer Paterson — Thu, 04 Nov 2021 14:00:30 +0000

Norway’s largest pension fund is divesting from 14 companies involved in producing nuclear missiles and other weapons. Oslo-based KLP, which manages more than 300 billion kroner (US$35.4 billion), said it made the decision after reviewing companies that may violate its guidelines on weapons. “Those excluded are mainly companies that directly or indirectly contribute to the continuing […]

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CPPIB investing in Japanese logistics, energy partnership in Brazil

Gideon Scanlon — Wed, 20 Oct 2021 19:00:37 +0000

The Canada Pension Plan Investment Board is committing $1.3 billion to a logistics fund involved in projects in major urban centres in Japan. The GLP Development Partners IV fund, managed by the Singapore-based GLP, will focus on developing modern logistics facilities in large-scale projects around Tokyo and Osaka. So far, the fund has raised $3.6 […]

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Sino-Canadian relations face a slow recovery, but China remains warm to investors: expert

Gideon Scanlon — Tue, 05 Oct 2021 14:00:22 +0000

While the return of two Canadians imprisoned in China since 2018 may lead the Canadian government to rethink its relationship with the world’s most populous country, the Chinese market will remain open to Canadian institutional investors, says Jia Wang, interim director of the China Institute at the University of Alberta. “There is an opportunity for […]

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