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CIBC promotes asset management chief
trueSteve Geist, president and CEO of CIBC Asset Management, was named senior executive vice president and group head, wealth management, at parent Canadian Imperial Bank of Commerce.
Canadian provinces agree to uniform capital markets regulations
trueAn agreement on forming a cooperative capital markets regulatory system was announced this week by Canadian Finance Minister Joe Oliver and ministers of four Canadian provinces.
Canadian pension fund assets gain 5.3% in first quarter
trueCanadian pension fund assets were up 5.3% in the first quarter, totaling C$1.412 trillion (US$1.29 trillion) as of March 31, Statistics Canada, the government's statistics agency, reported Wednesday.
Manulife acquires Standard Life's Canadian businesses
trueManulife Financial agreed to acquire Standard Life Canada — Standard Life's Canadian money management and other businesses — for C$4 billion (US$3.67 billion).
OMERS infrastructure program writes new page in investing
trueWhen OMERS executives closed a $12.5 billion-plus infrastructure co-investment program in June, they raised money not only from large institutional investors, but also from money managers looking to expand their businesses into infrastructure. In this way the C$65 billion pension fund has managed ...
Sky Investment Counsel closes after largest client withdraws
trueSky Investment Counsel Inc., a global and international equity manager, is closing.
Quebec's Caisse sells C$1.5 billion portfolio to Cominar REIT
trueCominar Real Estate Investment Trust agreed to acquire a portfolio of 15 Quebec and Ontario properties from a subsidiary of the C$214.7 billion (US$197 billion) Caisse de Depot et Placement du Quebec for C$1.63 billion.
Quebec's Caisse names Asia-Pacific managing director
trueEdouard Merette has been appointed managing director, Asia-Pacific for Caisse de Depot et Placement du Quebec, the Montreal-based money manager for provincial, municipal and other pension funds in Quebec as well as other provincial entities, announced Thursday.
BMO filling European gap with F&C
trueBank of Montreal's acquisition of F&C Asset Management will help build a link from its money management subsidiary in North America to the other side of the Atlantic, nearly 150 years after the firms' paths first crossed.
Ontario Teachers looks to add Bristol airport to portfolio
trueThe Ontario Teachers' Pension Plan's investment in airports continues to take flight.
AIMCo acquires mortgage portfolio from OMERS
trueAlberta Investment Management Corp., Edmonton, acquired a C$520 million (US$477 million) mortgage portfolio from the C$65.1 billion Ontario Municipal Employees’ Retirement System, Toronto.
Quebec's Caisse posts 6.7% return for first half of year
trueCaisse de Depot et Placement du Quebec, Montreal, said Friday it returned 6.7% on its investments in the first six months of the year.
Canada Pension Plan returns 1.6% in 2nd quarter
trueCanada Pension Plan, Ottawa, returned a gross 1.6% for the quarter ended June 30.
Nova Scotia Workers' Compensation looking for outsourced CIO
trueWorkers’ Compensation Board of Nova Scotia, Halifax, is searching for a firm to provide outsourced CIO services for the board, which has C$1.5 billion (US$1.4 billion) in assets.
BlackRock adds iShares Canada managing director
truePat Chiefalo was named managing director and head of product for BlackRock's iShares Canada.