Canada

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  1. Ontario Teachers acquiring oil and gas royalty business for C$3.3 billion

    trueOntario Teachers’ Pension Plan, Toronto, on Tuesday announced it has agreed to acquire Heritage Royalty LP from Cenovus Energy for C$3.3 billion ($2.67 billion) in cash.

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  1. Alberta Management Employees Pension Plan reissues consultant search

    trueManagement Employees Pension Board, Edmonton, Alberta, reissued an RFP for an investment consultant for the C$3.88 billion ($3.15 billion) pension fund.

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  2. Quebec's Caisse, APG Asset Management invest in China real estate developer

    trueA unit of the Caisse de Depot et Placement du Quebec and the money manager for Stichting Pensioenfonds ABP raised a combined $920 million to invest in Chinese retail real estate developer Chongbang Group.

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  3. Newfoundland and Labrador to take on retiree liabilities for teachers plan

    trueThe Newfoundland and Labrador government will take on all existing retiree liabilities for the province’s teacher pension plan as well as 50% of its active member liabilities as part of an agreement reached between provincial authorities and the Newfoundland and Labrador Teachers’ Association.

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  4. Manulife Asset Management adds global head of distribution

    trueClaude Chene was named global head of distribution at Manulife Asset Management, effective July 1, a spokeswoman said.

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  5. Luminex Trading names president

    trueJonathan A. Clark was named president of U.S. equity dark pool Luminex Trading & Analytics.

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  6. Sun Life to acquire real estate manager Bentall Kennedy

    trueSun Life Financial will acquire real estate money manager Bentall Kennedy Group for a purchase price of C$560 million ($455 million).

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  7. CPP board taking a bold step in GE transaction

    trueCanada Pension Plan Investment Board's latest deal shows it won't just partner with private equity firms, it will go head-to-head with them for deals — and win.

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  8. Canadian exchange casting itself as fairer alternative to TSX

    trueA new exchange formed by Royal Bank of Canada hopes to lessen the impact of high-frequency trading in Canadian markets while offering an alternative venue to the Toronto Stock Exchange.

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  9. Moody's rates CPPIB acquisition credit-negative

    trueCanada Pension Plan Investment Board's announced acquisition of General Electric Co.'s Antares Capital private equity loan unit is negative for the board's current Aaa credit rating, according to Moody's Investors Service.

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  10. Large pension funds oppose proposed Toyota share-class voting structure

    trueToyota Motor Corp. faces opposition from several pension funds over a proposal to create a dual-class share voting structure.

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  11. CPPIB agrees to purchase GE private equity lending business

    trueCanada Pension Plan Investment Board on Tuesday said it had agreed to buy Antares Capital, the U.S. sponsor-finance business of General Electric Co.'s GE Capital subsidiary.

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  12. CPPIB-GE talks on private equity lending business could extend through week

    trueTalks between Canada Pension Plan Investment Board, Toronto, and General Electric Co. over a large part of GE’s private equity lending business continued Monday, with sources saying a deal might not be completed until later this week.

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  13. Ontario hopes to create investment management firm

    trueThe Ontario government is poised to create a money management business that could oversee as much as C$100 billion ($83 billion) from small pension funds and universities in the province.

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