Pension Pulse

JANUARY 22, 2024

Last year, Ontario Municipal Employees Retirement System (OMERS) hired investment banks to find a new owner for Toronto-based LifeLabs , according to four sources familiar with the sales process. Two of the sources said OMERS picked New York-based Evercore Group LLC to run the process and also brought in a Canadian bank.

Stakes 52

Stakes Investing Bidding Assets 52

Pension Pulse

JULY 4, 2023

The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pension fund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake. billion in Canadian funds.

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

The Big Picture

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. So what I mean by that is, first, understand the duration of your funding source. Pension funds have quite long-dated capital. So first, understand the duration of that funding source. That’s what I mean by liabilities.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

The Big Picture

APRIL 4, 2023

And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investment banks. KENCEL: It’s the investment banking affiliate.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59

The Big Picture

MARCH 12, 2024

So that, that sort of put Amherst on a different pact because prior to that, our core business model was investment banking, brokerage market making, and underwriting. So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pension funds.

Hedge Funds 59

Hedge Funds Banks Assets Due Diligence 59

The Big Picture

APRIL 11, 2023

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. DAMODARAN: Or it could be some unique characteristic, pension funds pay no taxes. They were older, you know, companies that were over the hill in terms of their business models. RITHOLTZ: Right.

Education 119

Education Finance Financing Taxes 119

Pension Pulse

FEBRUARY 19, 2025

This phase will receive federal funding of $3.9-billion million in funding announced in the 2024 budget. The pension fund is currently building an $8 billion light rail system in Montreal, known as the Rseau Express Mtropolitain. billion over five years. That is in addition to $371.8-million

Pension Funds 59

Pension Funds Bidding Finance Financing 59