public equity – Benefits Canada.com

CPPIB Credit shedding shares of Canadian gold mine developer

mschmit — Mon, 27 Jul 2020 05:16:10 +0000

CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. The sale […]

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What’s keeping ESG rankings so convoluted?

mschmit — Fri, 17 Jul 2020 04:15:24 +0000

Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar explored some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and non-comparable and material information is not always available.” One key problem, it noted, […]

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If private equity doesn’t perform, is it worth institutional investors’ trouble?

mschmit — Wed, 15 Jul 2020 04:52:03 +0000

As private equity investments become more commonplace in pension fund portfolios, is the asset class really worth it? According to a paper by Ludovic Phalippou, professor of financial economics at the University of Oxford’s Saïd Business School, private equity funds have failed to outperform equities over a 10-year period. But the real catch is the […]

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PSP Investments sees -0.6% net return for fiscal year

mschmit — Fri, 10 Jul 2020 08:41:47 +0000

The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio, which saw a negative 2.2 per cent return. […]

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Coronavirus: a true test of partnership for private equity firms

mschmit — Mon, 29 Jun 2020 03:37:23 +0000

As the novel coronavirus pandemic upended the way businesses operate, investors around the world have been able follow daily market gyrations in real time to see how public companies are being impacted and what the crisis is doing to valuations. What has been perhaps less visible is how private equity firms have responded to the […]

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How do sovereign wealth funds’, public pensions’ real estate investments compare?

mschmit — Mon, 13 Apr 2020 03:41:52 +0000

Despite the key differences between sovereign wealth funds and public pension plans, the two institutional investors are quite similar in that they’re large, state-owned, sophisticated pools of capital. However, on average, the two types of organizations approach their real estate investments differently, according to a new paper by McKay Price, Collins-Goodman chair in real estate […]

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Ontario Teachers’ posts 10.4% gains for 2019, focuses on maintaining certainty

mschmit — Wed, 01 Apr 2020 04:09:13 +0000

The Ontario Teachers’ Pension Plan posted a net return of 10.4 per cent for 2019, bringing net assets to $207.4 billion. Its $20.2 billion in investment income represents an organizational best, said Jo Taylor, the pension fund’s president and chief executive officer, on a conference call Tuesday morning, outperforming the 2018 return of 2.5 per […]

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New York City hiring advisors to create divestment plans for its pension funds

mschmit — Thu, 30 Jan 2020 05:15:51 +0000

New York City is taking major steps toward divesting from fossil fuels by hiring investment advisors to review three of its pension plans and make recommendations about divestment. Combined, the three plans have more than $155 billion in assets under management, of which approximately $3 billion is invested in fossil fuel reserve owners’ securities. The […]

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How venture capitalists can lose to start-up founders’ quest for ‘beach money’

mschmit — Wed, 04 Sep 2019 06:29:41 +0000

When the potential acquisition of a start-up is heavily tied to the financial wellbeing of its founder, it can make the business vulnerable to deals that devalue the company. According to a new paper out of Yeshiva University, founders naturally own a large portion of the equity in their companies in the early stages, making […]

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