News

OMERS leading $227-million funding for AI company

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The Ontario Municipal Employees Retirement System, through OMERS Growth Equity, is leading a $227 million Series-F funding round for intelligent and predictive search technologies provider Coveo. Founded ...

GFL Environmental cancels IPO after investors seek price below range

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GFL Environmental Inc. is cancelling its initial public offering, which was expected to raise upwards of US$2.4 billion, after investors proposed pricing below its desired ...

Eurozone forecast for long period of weak economic growth

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The European Union’s executive branch has cut its growth forecasts for the 19-country eurozone for this year and next and warned that conditions could worsen ...

RBC real estate fund, with BCI partnership at core, exceeds targets in first equity tranche

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A new Canadian core real estate fund has attracted more than $1.25 billion in equity commitments in its first subscription tranche, materially exceeding targets. RBC Global ...

PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

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The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the second ...

Can machine learning help active managers outperform passive peers?

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Active investors should combine their own analytical work with the use of machine learning to get a leg up on their passive peers, according to a new paper. Fiona Frick, ...

Focusing on innovation helps CPPIB thrive through tricky markets

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While markets remain in the longest bull run in history, worries abound that the party has to come to an end. “Interest rates have been so ...

CPPIB buying U.S.-based renewable energy developer

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The Canada Pension Plan Investment Board is acquiring renewable energy company Pattern Energy Group Inc. in an all-cash deal. The purchase of the San Francisco-based company is ...

What global growth headwinds are investors focusing on?

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Depressed bond yields are stoking institutional investor concerns over global growth prospects for the coming year. “We’ve seen a similar pattern across the world,” said Alec Young, ...

Getting to know new Provident10 CIO Michel Malo

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At the beginning of September, Provident10, which oversees the administration and asset management for Newfoundland and Labrador’s Public Service Pension Plan, welcomed a new chief ...

Contex Group Inc.