Newsmakers
OMERS CIO Ralph Berg to Depart for Temasek
Berg will take up a new role leading the Singapore sovereign wealth fund’s energy and mobility teams.
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
That’s nearly five times its valuation in 2012, when Ontario Teachers’ sold its 79.53% stake for almost $1.3 billion.
Hill was most recently managing director and head of the sustainable energies group at Canada’s largest pension fund.
The cash flow is solid, except for occasional problems like pandemic-reduced traffic volumes.