Take shelter from the storm, but also take heart, was the message delivered by Avery Shenfeld, managing director and senior economist with CIBC World Markets, at a lunch seminar sponsored by CIBC Mellon on Wednesday. Although fears persist about a recession in the U.S., the global economic outlook isn’t so grim. Emerging markets such as […]
The Caisse de dépôt et placement du Québec bought a number of financial and retail stocks in the fourth quarter of last year. In a regulatory filing with the Securities and Exchange Commission, the pension fund disclosed it purchased 864,823 shares of Bank of America, 236,577 shares of Bank of New York Mellon, 100,501 shares […]
I lost count over the latter half of 2007 how many times I was asked to comment on the subprime meltdown and the ABCP credit crunch. I remained unusually tight-lipped for a consultant, as I was convinced that any insights I could offer at 9 am would be wrong by noon. It turned out that […]
The Caisse de dépôt et placement du Québec believes the proposed merger between the Toronto Stock Exchange and the Montreal Exchange offers advantages for all the parties involved and supports the deal. It came to that conclusion after examining the documents made public since the merger was announced last year and after obtaining additional information. […]
FTSE Group and Yasaar Research have launched the FTSE Shariah Global Equity Index Series. The series is comprised of 96 new Shariah-compliant indices, including the FTSE Shariah Developed Index Series, the FTSE Shariah Emerging Index Series, the FTSE Shariah All-World Index Series, and the FTSE Shariah Multinational 150 Index. “We are continuing to provide solutions […]
The financing for the takeover of BCE is proceeding as disclosed in regulatory filings, said Jim Leech, president and CEO of the Ontario Teachers’ Pension Plan, on Wednesday. “I look forward to the time when Bell is out of the eye of the media and can concentrate its resources and time on improving products and […]
The Caisse de dépôt et placement du Québec, OMERS, Manulife, and a company controlled by Hong Kong billionaire Li Ka-shing are buying $1.5 billion worth of CIBC stock by way of a private placement as the bank tries to enhance its capital position. The purchase price of the shares acquired by the private placement investors […]
The California Public Employees’ Retirement System (CalPERS) has purchased a minority stake in private equity firm Silver Lake. Under the agreement, CalPERS has acquired a 9.9% stake in Silver Lake Group and related entities that own and direct Silver Lake and oversee all of its investment activities. “The CalPERS investment and strategic partnership with us […]
The Ontario Teachers’ Pension Plan intends to increase its stake in Calgary-based NuVista Energy to help finance the takeover of Rider Resources. Teachers’ will invest $84 million dollars in NuVista and own approximately 14% of the company once the transaction closes sometime in mid-March. The fund currently has a 9.8% stake in NuVista. The proceeds […]
The Ontario Teachers’ Pension Plan has completed the purchase of 69.4% of shares in Chilean water services operator Esval and its subsidiary Aguas del Valle for $570 million. Complementing Teachers’ interest, CORFO, a Chilean government agency, continues to hold approximately 30% of the company; other investors own less than 1%. Esval continues as a public […]