Canadian Pension Plan Invests in Brazilian Power
Investment manager forms joint venture with Votorantim Energia.
Investment manager forms joint venture with Votorantim Energia.
Pensions earned 0.55% for the quarter, and 6.14% over the past year.
Energy sector recovery has positive impact on stock market.
Leverage of six largest funds in country has risen to 24% from 19% in 2009.
Groups call for boards and executives to be at least 30% women in less than five years.
The Canadian pension fund is one of many investors in $5.6 billion consortium.
“Significant uplift” from global equity markets, strengthening Canadian dollar.
Company uses hydroelectricity plant assets to guarantee letter of credit.
World Economic Forum warns of “imperiling the incomes of future generations.”
Annual return of 11.8% matches five-year average.
The deal that averted the strike proposed by 2,000 workers.