Pension Pulse

APRIL 24, 2024

Jenny Wiggins of the Australian Financial Review also reports Plenary Group sells 49% stake to sovereign wealth fund ADQ in $1b deal: Founders and some executives of infrastructure investor Plenary Group will receive a cash windfall after the Australian group sold a 49 per cent stake to Abu Dhabi sovereign wealth fund ADQ in a $1 billion deal.

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Pension Pulse

MAY 23, 2024

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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Pension Pulse

AUGUST 28, 2024

CPP Investments, the public pension plan’s asset manager, has about $36 billion under management in Latin America, or about 5% of its global portfolio, in sectors from electric utilities and sanitation to real estate, telecoms and logistics. Brazil alone takes up nearly half of this share, showing its strategic importance.

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Pension Pulse

DECEMBER 12, 2023

for many years in the hope of acquiring it one day, but the Audet family, which controls both entities, rebuffed its overtures — including a hostile bid in 2020. for many years in the hope of acquiring it one day, but the Audet family, which controls both entities, rebuffed its overtures — including a hostile bid in 2020.

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Pension Pulse

JULY 24, 2024

The success of this monetization plan should be part of the Harvard Business Review case study so other large pension funds and sovereign wealth funds can mimic it. million of its shares from the Caisse at a discount for proceeds of about $400-million, and the pension fund sold nearly 2.9

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The Motley Fool

FEBRUARY 22, 2024

With our long-term positive outlook, solid financial performance, and strong balance sheet, we returned over $10 billion to shareholders during 2023 by repurchasing our shares. Returning capital to shareholders will remain a high priority for the company going forward. Our average share count in the fourth quarter was 9% below Q4 2022.

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Pension Pulse

JANUARY 24, 2024

As part of the integration, CDPQ will acquire all the interests held by minority shareholders of Ivanhoé Cambridge and Otéra Capital, becoming the sole shareholder. The move follows a similar initiative by Ontario Teachers' Pension Fund, announced last June.

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Pension Pulse

SEPTEMBER 10, 2024

Razak Musah Baba of IPE Real Assets reports OMERS to buy Allianz’s stake in Indian road infrastructure trust: Canadian pension fund OMERS is buying Allianz Capital Partners’ 13.5% OMERS has been a shareholder in Interise Trust since 2019. The remaining shares of Interise are owned by domestic investors.

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Pension Pulse

SEPTEMBER 27, 2023

Canada’s large pension funds have pulled back on some activities in China. China caps total foreign ownership in locally listed firms at 30%, and subjects a single foreign shareholder to a 10% limit. I also want to recognize our peer Maple 8 pension fund managers, many of whom are here today.

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The Motley Fool

APRIL 12, 2024

With supportive markets and more optimistic sentiment from clients, we're confident in our ability to both grow assets on behalf of clients and drive profitable growth for our shareholders. We heard it in our dialogue with them, and we see it in our flows, and I know all of you as shareholders see it in our flows.

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Pension Pulse

MAY 17, 2024

In an environment where US equity markets are about to move to T+1 settlement, and trades are executed in millionths of a second, shareholdings are reported just four times per year, 45 days after the end of each quarter,’ says Matthew Brusch, CEO of NIRI, in a LinkedIn post. ‘IR The DXY is currently flirting with its 200-dma at 104.3.

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Pension Pulse

SEPTEMBER 5, 2023

An information memorandum on a potential sale was circulated earlier in the year, and by late August, four firms were left in the bidding process, a person close to the situation told Private Equity News' sister title Financial News. In its audited accounts as at 31 March 2023, Caledonia’s shareholding in 7IM was valued at £187.1m

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Pension Pulse

AUGUST 18, 2023

pic.twitter.com/T3JDqFb3H0 — Bespoke (@bespokeinvest) August 18, 2023 Now, a quick glimpse tells me the most shorted/ low quality stocks are getting clobbered this month and the most profitable/ high quality stocks are being bid up. They include funds run by legendary investors like Warren Buffet, Seth Klarman, Ron Baron and Ken Fisher.

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The Motley Fool

OCTOBER 31, 2023

This signals our confidence in MSCI's long-term prospects and our commitment to be a compounder for shareholders. Over the past 36 years, Burgiss has created greater private asset transparency while serving institutional investors such as pension funds, endowments, foundations, and family offices. They bid up the properties.

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Pension Pulse

MAY 21, 2024

In late March, its shareholders – of which OMERS is the largest – refused to inject more money into the beleaguered company, casting doubt on its viability. The financial filing also refers to the impasse that shareholders reached with Thames Water and its regulator, Britain’s Water Services Regulation Authority, or Ofwat.

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Pension Pulse

JULY 27, 2023

As part of the agreement, FDJ, which is the operator of the French National Lottery, will purchase the shares from Ontario Teachers' Pension Plan, An Post, and An Post Pension Fund. Ontario Teachers’ Pension Plan, which is the majority shareholder of PLI said it believes FDJ is well positioned to help PLI going forward.

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Pension Pulse

OCTOBER 27, 2023

Here are the top stories covering pensions and investments this week: 1) Jason Markusoff of CBC News reports that Ontario has concerns over Danielle Smith's CPP exit bid, but also a stark lesson for her: It may seem like a pile-on by now to Premier Danielle Smith and the United Conservatives.

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Pension Pulse

JANUARY 22, 2024

The pension fund manager had quietly tried to sell LifeLabs in previous processes and failed to find a buyer, according to two of the sources. Quest also bid, unsuccessfully, for CML at the time, according to one of the sources, who worked on the transaction.

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The Big Picture

NOVEMBER 8, 2022

Though, when I was there, there were sort of interconnected shareholdings that were joining the different branches together. I remember once, one of my colleagues says that a friend, one of the French Lazard Frerers partners was asked by a sort of junior, “How much should we tell our client to bid?”

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Private Equity Insights

FEBRUARY 17, 2025

The latest bid, valuing Assura at 1.56bn, was unanimously rejected by the board on February 15, following three prior refusals. Despite this, the Assura board, advised by Lazard, remains confident in the companys long-term prospects and ability to generate value for shareholders.

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Pension Pulse

NOVEMBER 25, 2024

In addition to BMW and Volkswagen AG , Northvolt’s top investors included Goldman Sachs’s asset management arm, Denmark’s biggest pension fund ATP, Baillie Gifford & Co. funds and a number of Swedish entities. Volkswagen is Northvolt’s largest shareholder with a 21 per cent stake and is likely to be nursing similar losses.

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Pension Pulse

DECEMBER 23, 2024

We are very proud of our 12-year partnership with co-shareholders and our collaboration with First Nations to develop and operationalize the East-West Tie, said Michael Hill, executive vice president and Global Head of OMERS Infrastructure. Five Nations Energy also supported the Hydro One bid.

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Pension Pulse

NOVEMBER 21, 2024

The decision to put a senior government official on the board of the arm’s-length pension fund manager raises questions about AIMCo’s continued independence, and whether the move opens the door to the government to exert greater political influence or to steer the pension fund manager toward government priorities.

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Pension Pulse

FEBRUARY 25, 2025

Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pension fund giant Caisse de dpt et placement du Qubec has struck a deal to buy Innergex Renewable Energy Inc. in a bid to leave the short-term view of stock market investors behind.

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Pension Pulse

NOVEMBER 13, 2024

However, it will take time to assess the full impact of the 2021-2023 governance and management changes on the pension fund manager’s organizational performance. Were AIMCo’s pension fund clients consulted, as would normally be required under investment management agreements? Those changes are now in place.

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The Big Picture

OCTOBER 31, 2022

But my point is I’m trying to run these funds in the best interest of shareholders, which is — RITHOLTZ: I mean, not that you could sell your Russian holdings anyway. And if it ever has value, we can recoup the value for shareholders. RITHOLTZ: Bidding wars are over. SCHWARTZ: That’s the political fallout.

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Pension Pulse

FEBRUARY 19, 2025

Three preselected consortiums submitted private bids last year outlining their plans to build and operate the proposed new passenger rail line. Each of the three bids was required to present two options: one using traditional passenger trains and a second option that includes at least some high-speed-rail segments.

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The Motley Fool

JANUARY 28, 2025

Under today's Lockheed Martinwide bid process, every proposal adheres to a stringent, risk-adjusted ROI regime. This process is designed to compete aggressively for key opportunities while also being very committed to achieving positive results, both in the short and long term for our shareholders. Turning to the F-35.

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