Pension Pulse

 Ontario Teachers’ put out a statement stating net assets total $204.7 billion at mid-year 2020: Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced its net assets totaled $204.7 billion as of June 30, 2020. The total-fund net loss was 0.4% for the first six months of the year. “The first half of this year has brought significant challenges for investors, with financial markets experiencing unprecedented volatility due to the COVID-19 pandemic, which in turn has had a devastating impact on the global economy, as well as companies and communities around the world,” said Jo Taylor , President and Chief Executive Officer. “Our diversified and high-quality portfolio has so far been quite resilient, highlighting the benefits of our balanced capital allocations and long-term investment approach. That said, we expect this pandemic to have lasting repercussions, and we want to remain vigilant and agile until the full impact can be established.” “In th...

CDPQ's real estate subsidiary, Ivanhoé Cambridge, put out a statement stating along with LOGOS, it acquired a strategic development site in Broadmeadows, Melbourne: Ivanhoé Cambridge and LOGOS are pleased to announce they have entered into an agreement to acquire a strategic development site in Broadmeadows, one of Melbourne’s key infill northern industrial suburbs. Ivanhoé Cambridge plans to develop the site into a $230 million logistics estate with LOGOS to act as the manager and developer. Located at 120 Northcorp Boulevard in Broadmeadows, the property offers excellent access to Melbourne’s key transport network including the Western Ring Road, Tullamarine Freeway and the Hume Highway interchange, as well as the Victorian Government’s planned North East Link. Leveraging this premier location, LOGOS will transform the former Woolworths distribution centre to deliver over 120,000sqm of modern, high-quality logistics assets within the renamed LOGOS Broadmeadows Logis...

Naeem Aslam of Forbes reports that Warren Buffett dumps US bank stocks and buys a gold mining stock and that hedge funds dump tech shares: On August 14th, we had a 13F filing update in the U.S., which gives more insight about the smart money and how it is deploying its capital. Investors are always keen to know and relate this information to their trading strategy. For retail traders, this information can be seen as confirmation of whether their investment strategy is correct and how they can fine-tune it. Buffett Buys Barrick Gold The most significant headline of the 13F filing was about Berkshire Hathaway’activity. It has purchased stock in Barrick Gold , a Canada-based mining company. Its position in Barrick Gold (GOLD) is worth nearly $565 million. Buffett Dumps Goldman Sach, Still Owns Bank Of America The Oracle of Omaha, Warren Buffett, reduced Berkshire Hathaway's positions in U.S. banks: JPMorgan (JPM), Wells Fargo (WFC) and PNC. It is critical to mention that Buff...