Canada’s BCI and Others Invest $3.4 Billion in Indian Telecom Tower Venture
The Canadian institutional investor acquired a portfolio of 175,000 cell towers in the world’s second largest telecommunications market.
Asset Allocation
Abu Dhabi’s Mubadala, PE Firm Kohlberg Take Over US Pharma Firm
The Philadelphia-based PCI Pharma Services is looking to expand operations in Asia and greater Europe.
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Gold-Hater Buffett Joins Rush into Precious Metal
An odd choice for the inveterate value investor, who just bought a hot stock in a miner of the glittering substance.
NZ Super Fund, Ontario Teachers’ Buy Australian Pathology Firm
The pension funds are each taking a 50% stake in Asia Pacific Healthcare Group in a $362 million sale.
Liking Gold’s Ascent? Just Wait for the Plunge, Study Warns
Duke’s Campbell Harvey charts the wacky ups and downs of the precious metal.
Study: Endowments Have Underperformed Passive Portfolios for 58 Years
New research finds a 60/40 passive benchmark has outperformed the average endowment over nearly six decades.
Long-Range Investing, a Decline in Births, and a Fertility Rate that’s Scared of COVID-19
What to consider with COVID-19 accelerating an already steady baby bust.
UK Pension NEST Aims for Net-Zero Carbon by 2050
New climate change policy expected to halve portfolio’s carbon emissions within 10 years.
Rhode Island Pension Returns 3.8% in 2020 to Hit Record-High Asset Value
‘Crisis Protection Class’ defensive strategy helps portfolio double benchmark’s return.
Norges Bank Raises Stake to 5% in Fossil Fuels Giant BHP
Norway’s sovereign wealth fund, which has been divesting coal and oil stocks, has the Australian company on a kind of probation.
COVID-19 Relief Packages Help Fuel Ultra-Low Interest Rates
EIOPA warns that persistent low rates pose a ‘systemic risk’ for insurers.
Temasek Boosts Cybersecurity and Biotech Investments
The Singapore sovereign wealth fund placed wagers on two American companies, cyber-services startup BlueVoyant and biosensors business Glympse Bio.
US Insurers Aren’t as Concerned About Climate Risk as Global Peers, GSAM Finds
Just half of American carriers consider global warming during their investment process, versus more than 70% of their European and Asian counterparts.
Student Housing Investment Remains Uncertain, S&P Says
Some pension funds and other institutions have taken big positions in the segment.