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 ...

Institutional Investors Cite Regulatory Risk, Transparency as Obstacles to Infrastructure Investment

The Organization for Economic Cooperation and Development (OECD) recently surveyed 71 pension funds on their interest in alternative investments. [The full survey can be found here.] The findings when it came to infrastructure investing were among the most interesting. The survey found that the funds had increased their alternative investments across ...

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, ...

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.

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, ...

CalSTRS Looks to Partner Up For Direct Infrastructure Investments

CalSTRS is looking to team up with other institutional investors to bid directly on private infrastructure, according to the Wall Street Journal. The fund’s investment staff is meeting today [Feb. 6] to amend its investment policy to allow such ventures. More from the Wall Street Journal: The nation’s second-largest public pension fund, California ...

Kolivakis: 5 Reasons Behind Canada Pensions’ Real Estate Binge

Canadian companies and pension funds collectively invested $2.75 billion in commercial U.S. real estate in the first month of 2015. In 2014, that number was a hefty $9.7 billion. What’s behind the binge? Leo Kolivakis of Pension Pulse gives 5 reasons why Canada’s pensions are snapping up real estate in the U.S., and elsewhere. _______________________________ By ...

Canada Pension To Invest $400 Million in Australian Freeway

The Canada Pension Plan Investment Board (CPPIB) announced on Sunday a $407 million investment in an Australian freeway project. CPPIB is part of a group of investors that bought the toll road. The pension fund’s $400 million investment will snag it a 25 percent stake. More from the Wall Street Journal: Canada’s largest pension fund said Sunday ...

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 ...

India Invites Foreign Pensions to Invest in Railroad System

India’s Union Railway Minister said last week that investments in railroads were needed to avoid a “deterioration of services”. On Monday, Minister Suresh Prabhu said the foreign pension funds would be an ideal investment partner. From The Hindu Business Line: The Union Railway Minister Suresh Prabhu on Monday called for tapping overseas pension ...
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