Sunday, 29 March 2015
Last updated 2 days ago
Feb 11 2014 | 10:06am ET
Canada's national retirement system plans to launch an in-house hedge fund, led by an Invesco and Partner Fund Management veteran.
The new division, which will be based in the Canada Pension Plan Investment Board's London office, will have four to five managers running a long/short strategy in Europe, the Middle East and Africa, Financial News reports. It will be led by Dureka Carrasquillo, who has joined the CPPIB from family office Tranberg Capital Management.
"There is a team in Toronto that does this," Alain Carrier, CPPIB's head of Europe, told FN. "We think European equities remain very attractive. It is in the context of us building out our London office; the one set of our business that has not been present is the public side."
CPPIB, which manages C$193 billion (US$175 billion), currently has about 60 staffers in London, a number Carrier expects to "grow substantially." The pension is also growing elsewhere, having opened offices in New York and Brazil last month.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…