Remove Bidding Remove Performance Fees Remove Stakes
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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

MAM and PSP Investments have sold their 88% stake in AirTrunk. MAM and PSP Investments acquired a majority stake in AirTrunk in 2020. It was owned 88% by MAM and Canada's PSP which have now sold their entire stake, according to a statement from the two companies. Macquarie’s fund and PSP will sell their AirTrunk stakes in full.

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A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

per cent of CPP’s overall portfolio is in China, said the fund uses several tools to carefully evaluate its investments and avoids stakes in “companies involved in wrongdoings, especially violations of human rights.” “The Management fees increased by $165 million, due to an increase in average assets managed by external fund managers.

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Transcript: Ilana Weinstein

The Big Picture

He’s clearly getting bid back and they’re upset, they’re embarrassed, they feel maybe they have egg on their face and there’s a lot of positioning and jockeying that goes– RITHOLTZ: Little ego involved also. WEINSTEIN: Table stakes, good intellectual horsepower, work ethic, training, and a history of results.