The Canadians are moving away from volatile stock markets into infrastructure
Major Canadian pension funds are following a global trend that began in Australia by moving away from volatile stock markets into infrastructure, such as real estate and power plants, that provides the stable returns needed for future pension payments.
The Canada Pension Plan Investment Board and the C$48 billion OMERS pension fund struck billion-dollar deals in the first week of March 2007 to acquire stakes in a British water company, several Fairmont luxury hotels and MDS Diagnostic Services, Canada's largest laboratory operator.
Not so long ago the average industry fund employed one chief executive and, perhaps if they were lucky, someone to lend a hand with making the tea.... read more »
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Unisuper appoints TAAM »
Industry fund Unisuper has appointed boutique asset manager Treasury Asia Asset Management to a $151.1 million mandate.
LGSS adds $41m to direct property »
Industry superannuation fund the Local Government Superannuation Scheme has bought a Sydney office building for $41 million.
While conflict of interest has stopped advisers receiving more by referring one product over another, volume bonuses continue to exist and are typically distributed in a more equitable way between dealer group and adviser.... read more »
