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OMERS, CPPIB and Highway 407
The Financial Post reports that SNC-Lavalin's proposed sale of 10 per cent of the 407 to the Ontario Municipal Employees Retirement System (OMERS) for $3.25 billion precludes the possibility of a...
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CPPIB and PSP Dip Into Radical Ventures
Radical Ventures, a Canadian venture capital firm focused on artificial intelligence (AI), has launched a new fund with a target of about $470 million (US$350 million). Cornerstone LPs include Canada...
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The Market's Wild Ride Just Starting?
CNBC reports stocks staged a massive reversal on Friday after President Donald Trump said conversations with China over trade will continue and his relationship with President Xi Jinping remains...
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CDPQ Warms Up to Solar
Today, the Caisse de depot et placement du Quebec (CDPQ) announced a loan of $260 million or £150 million to Lightsource BP, whose major stakeholder is British Petroleum (BP):The facility will...
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CPPIB Shifts Focus to Emerging Markets
At the SALT conference last week, John Graham, senior managing director and global head of credit investments at CPPIB, said that the growth story in emerging markets is compelling:“Up to one-third of...
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CPPIB Gains 8.9% in Fiscal 2019
Today, the Canada Pension Plan Investment Board (CPPIB) reported impressive results for fiscal year 2019. It achieved a 10-year and five-year annualized net nominal returns of 11.1% and 10.7%,...
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CDPQ's First Investment in Chile's Ports
Caisse de dépôt et placement du Québec (CDPQ) has acquired a 45% stake in DP World Chile, which operates terminals in Puerto Central and Puerto Lirquen, serving Chilean consumption and industrial...
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Top Funds' Activity in Q1 2019
The latest round of 13F filings from institutional investors were out this week, revealing what some of the most successful investors have been buying and selling during the last quarter. It it appears...
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Mark Machin's Big Bonus?
Institutional Investor reports on how the Canada Pension Plan Investment Board (CPPIB) paid chief executive Mark Machin C$5.265 million for a fiscal year ending March 31, 2019. CPPIB had estimated that...
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The Geopolitics of Technology
The Global Risk Institute published an interesting paper on the geopolitics of technology:In the race to innovate, the geopolitical determinants of big data, AI and 5G are critical to the financial...
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Private Equity Losing its Luster?
Institutional Investor reports that according to an eVestment survey, more investors are lowering their expectations for private equity than any other area of private markets:Fifty-two percent of...
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A Cold Summer For Stocks?
Today, CNBC reports stocks continued their five-week decline after a brief rally when President Donald Trump said the ongoing trade war could be over quickly:The Dow Jones Industrial Average is down...
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CDPQ's Governance Tested on REM
The Canadian Press reports that Premier François Legault's government will force the Caisse de dépôt et placement du Québec (CDPQ) to purchase trains made in Quebec as part of the extension of...
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The Coming US Pension Crisis
John Mauldin recently wrote a comment in Forbes on why the coming pension crisis is so big, it's a problem for everyone. I will let you read his article but the gist of it is this:Almost all public...
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CalSTRS's Plan to Reduce Fees
The California State Teachers’ Retirement System (CalSTRS) is initiating a long-range plan to increase internal management of assets to reduce the $1.8 billion it currently pays out in external...
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Will the Fed Goose Markets?
Stocks jumped on Friday, building on strong weekly gains, as a weak jobs report spurred rate-cut hopes:The Dow Jones Industrial Average traded 260 points higher, led by gains in Microsoft and Apple....
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How HOOPP's Jim Keohane Beat the Crisis
Chris Butera of Chief Investment Officer wrote a very nice profile on HOOPP's CEO Jim Keohane and how he saved the plan from the Great Recession by noticing problems ahead of time:Jim Keohane, the...
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PSP Investments Gains 7.1% in Fiscal 2019
Today, the Public Sector Pension Investment Board (PSP Investments) announced its fiscal 2019 results:The Public Sector Pension Investment Board (PSP Investments) announced today that it ended its...
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OMERS Becomes Shareholder in VTG
Yesterday, OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario announced it will become a 25% indirect shareholder in VTG AG (“VTG”), the largest railcar leasing...
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AIMCo Adds an AI AlphaLayer
On Monday, the Alberta Investment Management Corporation (AIMCo) announced it has joined forces with AltaML to build artificial intelligence (AI) and machine learning (ML) applications within the...
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