Pensions
PSP Investments Acquires 3 UK Airports for $1.94B
The Canadian pension will acquire AGS Airports, the operator of Aberdeen, Glasgow and Southampton Airports.
Agriculture can yield a harvest of returns for patient, long-term investors.
Sanjiv Aggarwal will join the $5 billion sovereign-linked pension fund from U.K. investment firm Actis.
The Canadian pension investment manager raised its net AUM to $182.3 billion.
Despite loss, pension investment manager easily tops benchmark’s 2.2% decline.
PSP Investments sells minority stakes in Forth Ports to Cbus, First State Super, and GLIL.
Francis Blair will help PSP Investments debt division’s focus on distressed companies.