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Hedge Funds Liquidating Equity Positions Led to Thursday's Tech Rout

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Sean Conlon, Jenni Reid, Lee Ying Shan and Paulina Likos of CNBC report the Nasdaq rebounds 1% following worst session in 18 months as traders snap up tech shares: The Nasdaq Composite  rebounded on Friday as some investors bought the dip in chip stocks following a punishing sell-off that sent the index into correction territory. The tech-heavy Nasdaq bounced 1.09% to close at 24,579.42. The S&P 500  rose 0.31% to end at 7,376.86, while the Dow Jones Industrial Average  lost 237.33 points, or 0.46%, and settled at 51,285.73. Worries of a potential slowdown in data center construction following big Democratic wins in the House and Senate and key state governorships hit U.S. markets hard on Thursday. The heavy selling on Thursday sent the three major stock averages to their worst one-day losses since April 2025. The Nasdaq Composite tumbled 5.5%, closing more than 10% below its most recent high and putting it in what Wall Street regards as a correction. The broad-mar...

Canadian Retirement System Scores a 'B' But Still Doing Relatively Well

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Steve Randall of Wealth Professional reports  Canadian retirement system scores B as aging crisis reshapes global pension outlook:  Canada maintained a B grade in the newly released 2026 Marsh CFA Institute Global Pension Index, but the annual benchmark sounded an increasingly urgent warning about the long-term pressures aging populations are placing on retirement income systems. The 18th annual index, produced by Marsh (NYSE: MRSH) and CFA Institute in collaboration with the Monash Centre for Financial Studies in Melbourne, Australia, benchmarks 55 retirement income systems across the globe - covering approximately 66% of the world's population - on three sub-indices: adequacy, sustainability, and integrity. Canada scored 70.6 overall in 2026, up marginally from 70.4 in 2025, with sub-index scores of 67.1 for adequacy, 66.6 for sustainability, and 81.7 for integrity. Canada's integrity score - among the strong...

QuadReal Celebrates a Decade of Global Expansion

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Today, BCI's real estate subsidiary issued a press release stating, "Rooted in Canada, Built for the World: A decade of global expansion at QuadReal": From a predominantly Canadian portfolio to a global business in just 10 years, QuadReal has combined local expertise with a vertically integrated operating model to diversify its investments and build for the long-term. From its inception, QuadReal’s ambition was to build on its Canadian foundation to create a globally balanced portfolio. Remco Daal, Chief Operating Officer, says “it was always the vision to get us closer to 50-50” when asked about the mix of international and domestic investments.  The opportunity was to take what QuadReal knew from the Canadian landscape and build on it. Ten years into QuadReal’s history, that ambition has shaped both where the company invests and how it operates.   What began with a predominantly Canadian portfolio has grown into one of the world’s top 15 real estate investors, ...

CPP Investments' Credit Boss Warns of 'Bubble-Like' AI Rush

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Paula Sambo and Layan Odeh of Bloomberg report Credit boss at top Canada pension warns of ‘bubble-like’ AI rush: The credit chief for Canada’s largest pension sees signs of “bubble-like” exuberance in the rush to finance AI, cautioning that investors should scrutinize their exposure to the nascent technology.  “You cannot wake up one day and just say, ‘Well, we just had this theme that AI was great, and we woke up and it was 25% of our portfolio,’” Canada Pension Plan Investment Board’s global head of credit investments, David Colla, said in an interview. Canada’s top pension plan, which oversees C$863.6 billion ($617.6 billion), continues to finance AI-tied projects, including those involving CoreWeave Inc., the largest of the so-called neoclouds that lease out AI chips. But the pension, whose AI investments make up about 3.5% of its credit portfolio, is becoming increasingly selective about such bets.  “There will be winners and losers along the way,” Colla said. “And t...

Blackstone, Canadian Pension Funds Invest US$3.1B in LNG Canada Stake

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James Bradshaw of The Globe and Mail reports  Blackstone, Canadian pension funds invest $3.1-billion for LNG Canada stake: Blackstone Inc. and four major Canadian pension funds are paying US$3.1-billion to buy a minority stake in a Mitsubishi Corp. subsidiary that owns a share of LNG Canada’s liquefaction business. Mitsubishi owns a 15-per-cent stake in LNG Canada through a subsidiary and will stay the controlling partner of that entity. The investor group is acquiring a 49.9-per-cent non-controlling interest in the Mitsubishi subsidiary, or roughly half of Mitsubishi’s stake. Blackstone is leading the investor group that includes Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System, Investment Management Corp. of Ontario and the Public Sector Pension Investment Board. LNG Canada operates the country’s first natural-gas export terminal, an $18-billion facility in Kitimat, B.C., that opened in June, 2025. Under the deal announced Monday, Mitsubish...