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Pension Pulse: Caisse’s High-Speed Push Into Infrastructure

Last week, Canada’s Caisse de dépôt et placement du Québec acquired a 30 percent stake in Eurostar International, a high-speed rail service that runs between London, Paris and Brussels. The deal came just months after Caisse partnered with Quebec’s government to take over some of the province’s major infrastructure projects. Leo Kolivakis ...
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Canada Pension Buys Big Stake in European High-Speed Rail

Caisse de dépôt et placement du Québec has acquired a 30 percent stake in Eurostar International, a high-speed rail service that runs between London, Paris and Brussels. Caisse’s stake is reportedly worth $850 million, according to the International Business Times Australia. Caisse purchased the stake from the UK Treasury. More details from IBT: Caisse ...
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Pension Pulse: Diving Deeper Into Caisse’s Big 2014

The median U.S. public pension fund returned 6.8 percent in 2014. But north of the border, one of Canada’s largest public funds blew that figure away. Caisse de depot et Placement du Quebec, Canada’s second-largest pension fund, posted investment returns of 12 percent in 2014, nearly doubling the returns of its U.S. peers. Over at Pension Pulse, ...
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Video: Caisse CEO Talks Pension’s Transit Partnership

Here’s an interview with Michael Sabia, president and CEO of Caisse de dépôt et placement du Québec. Last month, the pension fund struck a deal to take over public transportation projects, including a light rail system and a bridge. Here, Sabia talks about the partnership and how it came about.
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Kolivakis: Can the Caisse Make Money on Public Transit?

Pension360 has covered the fascinating partnership between Caisse de dépôt et placement du Québec and the province’s public transit system. But some observers – including Moody’s – have doubts that the partnership will prove fruitful for Caisse. Over at Pension Pulse, Leo Kolivakis has thrown his expertise into the ring. In a post on Monday, ...
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CPPIB Can Invest Like “An 18-Year-Old”, Says CEO As Fund Looks to Cut Bond Allocation

Canada Pension Plan Investment Board (CPPIB) CEO Mark Wiseman told Bloomberg this week that his fund can invest like “an 18-year old” as he looks to cut the fund’s bond allocation and move more money into riskier assets. CPPIB allocates 28 percent of assets to fixed income. That’s down from 95 percent 15 years ago. More from the Bloomberg interview: With ...
from Trey Ratcliff at www.stuckincustoms.com

Ontario Health Pension Buys Two Malls From Quebec Pension

The Healthcare of Ontario Pension Plan has bought large stakes in two shopping malls from fellow Canadian pension fund Caisse de depot et placement du Quebec. From Reuters: Ivanhoé Cambridge, the real estate arm of Canada’s second-largest pension fund, said on Friday it had sold its 50 percent interest in two Ontario shopping centers to a rival ...
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Moody’s Has Concerns About Quebec Pension Taking Over Public Infrastructure Projects

Caisse de dépôt et placement du Québec, Canada’s second-largest pension fund, recently reached an agreement to finance, execute and own the province’s new public transit projects. Moody’s views the deal as a credit negative for the pension fund. From Chief Investment Officer: Rating agency Moody’s has outlined concerns it has over a C$4 ...
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Quebec Pension Buys Manhattan Office Tower for $2.2 Billion; Second Most Expensive Office Sale in U.S. History

Canadian pension fund Caisse de dépôt et placement du Québec said on Friday it had completed the second most expensive office sale in U.S. history by buying a Manhattan office tower for $2.2 billion. The fund partnered with Callahan Capital Properties to buy the building, located at Three Bryant Park. More from the Wall Street Journal: The real ...
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Canadian Newspaper: Quebec Pension Infrastructure Plan in Novel, But Won’t Lead to “Optimal Returns”

Canada’s second largest pension fund struck a deal with Quebec this week to take over the province’s new public transit projects. Under an agreement reached between the Caisse de dépôt et placement du Québec and the Quebec government, the pension fund will finance and own the province’s new public transit projects. The editorial board of the ...
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