The Caisse de dépôt et placement du Québec (the Caisse) – Benefits Canada.com

Former Caisse CEO named chair of Canada Infrastructure Bank

mschmit — Mon, 06 Apr 2020 04:14:23 +0000

The federal government is shaking up the people in the top spots at the Canada Infrastructure Bank, including saying goodbye to the chief executive and installing a new board chair. Out is Pierre Lavallee, the first CEO of the infrastructure financing agency that the Liberals created two years ago. In as the new board chair […]

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Several Canadian institutional investors committing to fintech venture fund

mschmit — Tue, 03 Dec 2019 08:23:26 +0000

The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are among several institutional investors committing $427 million in the final closing of Portag3 Ventures II, a fund focused on early stage investments in the global financial technology sector. This is Portage3 Ventures’ second fintech fund, which to date has […]

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Caisse’s Sabia warns U.S. China trade rivalry could further split global economy

mschmit — Fri, 29 Nov 2019 04:46:48 +0000

The outgoing head of Quebec’s pension fund manager says the U.S.-China trade war threatens to fan protectionism and cleave economies in what amounts to “the defining conflict of our time.” Michael Sabia, who is slated to step down as chief executive officer of the Caisse de dépôt et placement du Québec in February, said Thursday […]

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Ivanhoé Cambridge invests in German office real estate vehicle

mschmit — Thu, 14 Nov 2019 07:34:36 +0000

Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is acquiring a strategic equity stake in German real estate vehicle, Golden Capital. Focusing on manage-to-core office investments, Golden’s portfolio consists of 39 properties in major German cities. The vehicle is run by asset manager, Lianeo Real Estate. “This investment […]

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Michael Sabia leaving Caisse to head University of Toronto’s Munk School

mschmit — Wed, 13 Nov 2019 04:30:39 +0000

The chief executive of the Caisse de depot et placement du Quebec is stepping down from the pension fund manager to become head of the Munk School of Global Affairs and Public Policy at the University of Toronto. The Quebec fund manager says Michael Sabia, 66, is leaving at the beginning of February, a little […]

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Caisse boosts stake in Indian solar producer, CPPIB forms joint venture on Brazilian residential real estate

mschmit — Tue, 12 Nov 2019 04:27:41 +0000

The Caisse de dépôt et placement du Québec is investing a further US$75 million in Azure Power Global Ltd., an independent solar power developer in India. Once the deal is approved by Azure shareholders, the investment will raise the Caisse’s stake in the company, from 41.4 per cent to 49.4 per cent. In October 2018, […]

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Getting to know new Provident10 CIO Michel Malo

mschmit — Fri, 01 Nov 2019 04:29:36 +0000

At the beginning of September, Provident10, which oversees the administration and asset management for Newfoundland and Labrador’s Public Service Pension Plan, welcomed a new chief investment officer, Michel Malo. With $6.6 billion in invested assets as of year-end 2018, Provident10 is a fairly new entity. In December 2014, the province’s government and its five largest […]

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Ferrovial appeals decision on sale of stake in 407 toll highway to CPPIB

mschmit — Thu, 12 Sep 2019 05:02:48 +0000

Spanish multinational Ferrovial S.A. is appealing an Ontario Superior Court decision that cleared the way for SNC-Lavalin Group Inc. to proceed with the $3.25-billion sale of a stake in the 407 toll highway to the Canada Plan Plan Investment Board. An SNC-Lavalin spokesman said in an email that even if the decision were reversed on […]

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The Caisse returns 6.1% in first half of 2019

mschmit — Tue, 06 Aug 2019 06:30:19 +0000

In the first half of 2019, the Caisse de dépôt et placement du Québec has earned an average return on depositors’ funds of 6.1 per cent, generating more than $18 billion in net investment results. “From a market perspective, we are living in roller coaster times,” said Michael Sabia, the fund’s president and chief investment […]

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The Caisse highlights growing concern about SNC-Lavalin

mschmit — Tue, 23 Jul 2019 05:47:30 +0000

SNC-Lavalin Group Inc. is slashing its profit forecast for the third time this year as the company’s new chief executive officer veers away from construction and oil projects to double down on engineering. The beleaguered firm said Monday it is quitting the competitive field of fixed-price contracts, which leave companies vulnerable to cost overruns. It […]

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