Pension Pulse

Steve Randall of Wealth Professional reports  CPP Investments, Goodman team up on a $14b European data centre push: CPP Investments has entered a major European data centre partnership with Australia’s Goodman Group, committing to a A$14 development platform aimed at meeting accelerating demand for cloud computing and artificial intelligence. The 50/50 joint venture, known as the Goodman European Data Centre Development Partnership, will focus on prime locations in Germany, the Netherlands and France. The strategy centres on building large-scale, high-quality facilities in some of Europe’s most sought-after digital infrastructure markets. Initial equity commitments total A$3.9 billion (€2.2 billion), earmarked for four projects in Frankfurt, Amsterdam and Paris. Once completed, the developments are expected to deliver 435 megawatts of primary power capacity and 282 megawatts of IT load. All sites already ...

Today, Ontario Teachers’ announced the appointment of Jenny Hammarlund as Executive Managing Director, Real Estate: Toronto, Canada  -- Ontario Teachers' Pension Plan Board (Ontario Teachers') today announces the appointment of Jenny Hammarlund to the position of Executive Managing Director, Real Estate, effective January 5, 2026. In this role, Ms. Hammarlund will be responsible for guiding the real estate team’s strategy, portfolio, and asset management activities globally. Ms. Hammarlund will be based in London and become a member of the Investments Senior Leadership Team, reporting to Gillian Brown, Chief Investment Officer, Public & Private Investments. Ms. Hammarlund has over 20 years of experience in private equity, primarily focused on real estate acquisitions. Prior to this appointment, Ms. Hammarlund led the real estate investment group in the UK and Europe. She joined Cadillac Fairview (CF) in 2021 and moved to Ontario Teachers’ in ...

Karen Friar , Brett LoGiurato and Laura Bratton of Yahoo Finance report the Dow, S&P 500, Nasdaq rise as Oracle, Nvidia lead AI trade resurgence: US stocks rose on Friday after snapping a recent losing streak, as signs of cooling inflation and waning AI worries buoyed Wall Street optimism toward the tail end of a topsy-turvy week. The S&P 500 ( ^GSPC ) put on 0.8% and the Nasdaq Composite ( ^IXIC ) gained over 1.3%, building on Thursday's roaring rally . The Dow Jones Industrial Average ( ^DJI ) climbed 0.3%. With the late-week rebound, the S&P 500 and Nasdaq booked weekly wins, rising 0.1% and 0.4%, respectively, in the last full week of trading in 2025 as Wall Street tries for a "Santa Claus rally" to end the year. The Dow fell 0.6% on the week. On the tech front, Oracle ( ORCL ) stock jumped after China's ByteDance signed deals to create a US TikTok joint venture, including the company, which has had a turbulent week. Faith in the AI trade got...

Nicolas Van Praet of the Globe and Mail reports  WSP Global to buy TRC Companies in continued push to build capability Canadian engineering firm WSP Global Inc. is bulking up once again, announcing a deal to buy U.S. power and energy service consultancy TRC Companies as it continues a relentless drive to build capability and consolidate the industry. WSP will pay US$3.3-billion in cash for TRC and take on its 8,000 employees, becoming the largest engineering and design firm by revenue in the United States when the transaction closes, the Montreal-based company said in a statement Monday. TRC, based in Windsor, Conn., is currently owned by funds managed by private equity firm Warburg Pincus LLC. The transaction is expected to be completed in the first quarter of 2026. “Joining forces will position our business for accelerated organic growth and create an integrated platform with industry-leading capabilities in advisory, engineering, and program management,” WSP chief...