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Glencore's Bid For Teck Puts Pressure on Canada's Pension Giants?

Pension Pulse

billion bid and Ottawa has said Glencore would face rigorous scrutiny. Canada's large pension funds are globally known investors, managing more than $1 trillion of savings, but their exposure to domestic equities has steadily declined over the past decade since Canadian equity markets represent just 3% of the global equity market.

Bidding 52
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Best Caisse Scenario?

Pension Pulse

But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pension fund that is the most invested, in the world, in its local economy.” More than ever, Canada’s largest pension funds are being pressed to play the same role in the rest of the country.

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Top Fund's Activity in Q1 2024

Pension Pulse

IR professionals, corporate governance professionals, public company C-suites and boardrooms: this is your opportunity to support 13F modernization.’ NIRI has called on public companies to submit letters to support the new campaign, and has created a letter template to facilitate the process.

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Talking With Authors: "Selling Without Selling Out" With Sunny Vanderbeck

The Motley Fool

David Gardner: You were public? We're public company. We found another company that we thought was a great fit, was able to close that transaction. They said, hey, if you're involved, chill the auction and no one wants to bid, and so you can't even show up. David Gardner: Unbelievable. Sunny Vanderbeck: One day.

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Transcript: Albert Wenger

The Big Picture

WENGER: It was a very, very lucky landing for Tumblr, because Yahoo really was the only bidder and they were bidding against themselves, but they didn’t really know that. We’ve seen valuations come way down for public companies. Whereas at the $1,000,000,005 deal, they wouldn’t have been able to go public.

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Transcript: Steven Klinsky

The Big Picture

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KKR took a stock exchange company called who Houdaille, private, and it was the first time there’ve been — RITHOLTZ: ’79 or something like that? And you know, so we looked at it very hard, decided not to bid.