Newsmakers
Canada PM Carney Names Investor Mark Wiseman as Ambassador to US
Wiseman has led both the CPPIB and AIMCo and has held several roles at BlackRock.
Wiseman has led both the CPPIB and AIMCo and has held several roles at BlackRock.
Tech stocks remained the $527.3 billion pension fund’s top holdings, led by Nvidia, Microsoft, and Apple, despite dumping 22% of its Alphabet shares.
The partnership will focus on subscription line lending and other fund finance products.
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
But allocators point to opportunities they find when investing with smaller, newer firms.