Canadian pension fund HOOPP to open London office
A view of the London financial district seen from Waterloo Bridge in London, Britain, August 26, 2023. REUTERS/Kevin Coombs/File Photo...
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European asset managers reject plans for tigher liquidity rules
LONDON, Sept 5 (Reuters) - Proposals to force open-ended investment funds to hold more liquid assets to cope with a...
Raise pension contributions to combat UK capital market decline, says think-tank
Pensioners walk through woodland during lockdown amid the coronavirus (COVID-19) outbreak, in London, Britain, November 21, 2020. REUTERS/Russell Boyce/File Photo...
Investors expect ECB rate-hike pause in September after dismal PMIs
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023....
Exclusive: Canadian pension funds explore $6 bln sale of renewables firm Cubico -sources
NEW YORK, Aug 10 (Reuters) - Two of Canada's biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy firm at about $6 billion or more, including debt, according to people familiar with the matter.Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) are looking to appoint a financial advisor in the coming weeks, the sources said, adding the sale could take several months to complete.The sources, who requested anonymity as the matter is confidential, cautioned...
Analysis: Commercial real estate investors, banks buckle up for perfect property storm
LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall.Cyclical downturns rarely prompt fire sales, so long as lenders...
Investors in VinFast’s SPAC cash out most shares
HANOI, July 14 (Reuters) - Shareholders of Black Spade Acquisition (BSAQ.A), a special purpose acquisition company (SPAC) that has plans...
UK pension funds back next phase of post-Brexit City shake up
Private pensions pledge up to 50 billion poundsFurther 25 billion could come from public sector schemesInefficient pension schemes could be...
UK’s Hunt to detail plans to steer pensions into growth investment
LONDON, July 9 (Reuters) - British finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension...
Analysis: Why a $1.5 trillion source of corporate financing is choking on higher rates
CLO issuance down 41% in H1 vs same time last yearFunding lifeline for junk-rated borrowers shrinkingInvestors demand higher premiumLONDON, July 5 (Reuters) - A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.The pace of issuance of so-called collateralised loan obligations (CLOs), which bundle loans of the weakest corporates and repackage them as bonds, has stalled.Specialist asset managers minted CLOs worth more...