Real estate – Benefits Canada.com

Expert panel: Inflation risk — to hedge or not to hedge?

Gideon Scanlon — Thu, 25 Nov 2021 17:30:10 +0000

With October inflation hitting an 18-year high, inflation risk is back on the radar of plan sponsors providing inflation-linked defined benefit pensions. In the past, it’s been challenging to hedge inflation risk. Fortunately, more efficient solutions have emerged over the last several years. What is inflation risk? For a plan that provides inflation-linked benefits, inflation […]

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Caisse finances loan for mortgage provider, AIMCo enters joint venture to develop industrial site

Gideon Scanlon — Thu, 25 Nov 2021 16:45:24 +0000

The Caisse de dépôt et placement du Québec is financing part of a $400 million loan facility to a mortgage brokerage firm. The loan, co-financed by the Ares Management Corp, will support CrossCountry Mortgage, a lender operating throughout the U.S., as the business pursues an organic and inorganic expansion strategy. CrossCountry Mortgage currently operates out of […]

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Top 2021 Money Managers Report: What questions should pension plan sponsors ask in 2022?

bwolfe — Fri, 19 Nov 2021 13:53:15 +0000

In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]

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CPPIB investing in commercial real estate in Mumbai and Birmingham

Jennifer Paterson — Tue, 16 Nov 2021 14:00:46 +0000

The Canada Pension Plan Investment Board and Phoenix Mills Ltd. are forming a joint venture to develop an office-led, mixed-use building in Mumbai. The Canadian investment manager is committing about $231 million in tranches for an ultimate equity stake of 49 per cent in the entity, known as PCREPL, that will own the asset. This […]

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CPPIB invests in European student housing, OMERS buys solar power producer

Jennifer Paterson — Thu, 04 Nov 2021 13:00:13 +0000

The Canada Pension Plan Investment Board is part of a new joint venture that’s aiming to be one of the largest student accommodation partnerships in Europe. Alongside global real estate investment manager Round Hill Capital, the joint venture is targeting assets in excess of €1 billion and will invest in standing assets and developments across continental Europe. […]

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Caisse investing in crypto lending platform, aligning corporate lending program with ESG performance

Gideon Scanlon — Tue, 12 Oct 2021 17:00:15 +0000

The Caisse de dépôt et placement du Québec is entering the digital currency sector by joining a US$400 million investment round for a cryptocurrency earning and borrowing platform. Alberta-based WestCap Group Inc. is the other co-lead investor in the funding round for Celsius Network, a blockchain-based investment platform aimed at high-net-worth retail and institutional investors. Read: AIMCo […]

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Canadian DB pension plan returns dip, balance sheets stable in September: report

Gideon Scanlon — Thu, 07 Oct 2021 13:00:25 +0000

The typical Canadian defined benefit pension plan deteriorated on a solvency basis but improved on an accountancy basis in September, according to a new report by LifeWorks Inc. Its monthly report on DB pension indices found the average plan saw its solvency index dip from 109.4 per cent at the end of August to 108.8 […]

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AIMCo majority-owned pipeline welcomes new investors, Ivanhoé Cambridge forms real estate joint venture

Jennifer Paterson — Mon, 20 Sep 2021 19:00:23 +0000

Eight Indigenous groups and an Alberta-based energy company are becoming the co-owners of a pipeline in which the Alberta Investment Management Corp. has a majority stake. The TC Energy Corp. is selling its 15 per cent stake in the Northern Courier Pipeline, which transports bitumen along a 90 kilometer route between Fort Hills Mine and […]

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PSP buys out majority co-investor in U.K. rail company, BCI sells share in property portfolio

Gideon Scanlon — Thu, 09 Sep 2021 16:59:33 +0000

The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]

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Two decades of low inflation push DB pensions toward alternative investments: Bank of Canada

Gideon Scanlon — Tue, 31 Aug 2021 13:00:09 +0000

Canada’s defined benefit plans are allocating more to alternative investments as a result of a two-decade period of low inflation, according to a new study from the Bank of Canada. It found sustained decreases in interest rates from 1998 to 2018 have threatened to erode private DB plan solvency surpluses. According to the authors — Bank […]

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