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Canadian pension funds line up against Barrick Gold executive compensation
trueThe C$238.8 billion ($194.9 billion) Canada Pension Plan Investment Board, C$154.4 billion Ontario Teachers’ Pension Plan and C$114 billion British Columbia Investment Management Corp. said they will vote against Barrick Gold Corp.’s non-binding say-on-pay vote for its executive compensation.
Aberdeen's China A shares fund is off to a late start
trueAberdeen Asset Management launched its first China A shares fund for institutional investors last month, arguably a less than ideal moment for a deep value manager.
OPTrust investments return 12% in 2014, nearly double custom benchmark
trueOPTrust, which manages assets of the Ontario Public Service Employees Union Pension Plan, returned 12% in 2014, vs. its custom benchmark’s 6.2% return and its 2013 return of 11.7%.
UniSuper taps BNP Paribas as new custodian
trueUniSuper hired BNP Paribas Securities Services as master custodian for the A$50 billion ($38.8 billion) superannuation fund.
Pioneer and Santander to merge
truePioneer Investments and Santander Asset Management will merge to create a €353 billion ($381.6 billion) global money manager.
Canadian government considering lifting public share limits for federal pension funds
trueThe Canadian government will hold public consultations with the country’s federal pension funds to consider eliminating the current 30% limit for holding voting shares of an individual company.
TIAA Henderson Real Estate appoints head of Asia-Pacific business development
trueCarsten Kebbedies was named head of business development, Asia-Pacific for TIAA Henderson Real Estate in Singapore.
BlackRock taps Japan Post chief as its new country head for Japan
trueYoshiyuki Izawa was named chairman, representative director and country head of Japan at BlackRock, effective May 18.
AMP Capital appoints head of distribution for U.K. and Europe
trueJohn Angell was named head of distribution for the U.K. and Europe at AMP Capital, said a spokeswoman for the firm.
TPG to acquire Cirque du Soleil; Quebec's Caisse taking minority stake
trueTPG is acquiring a majority stake in Cirque du Soleil from its founder, Guy Laliberte, with Caisse de Depot et Placement du Quebec, Montreal, among those taking a minority stake in the entertainment firm, TPG and Caisse announced Monday.
NZ Super posts 5.9% gain in first quarter, up 18.85% over past 12 months
trueThe New Zealand Superannuation Fund posted a 5.91% return for the quarter ended March 31, lifting the value of the Auckland-based fund's investment portfolio to NZ$28.97 billion ($22.3 billion).
New leaders chart expansion for RBC GAM
trueThe duo soon to be at the helm of global money manager Royal Bank of Canada Global Asset Management Inc. will draw further on past acquisitions as they look to increase the firm's footprint internationally — and in the U.S. in particular.
Chinese mutual funds buy up Hong Kong stocks
trueChinese mutual funds in April became the marginal buyer of Hong Kong stocks owned by institutional investors around the world, a mix that could leave Hong Kong's market on a more volatile path.
Pensions, Canadian style
trueA look at defined benefit plans of Canadian companies in the S&P/TSX 60 index.
J.P. Morgan Asset Management adds client portfolio manager
trueGilles Drukier was appointed client portfolio manager for European fixed-income insurance solutions at J.P. Morgan Asset Management, a spokeswoman said.