Month: September 2020

Sep 29 2020

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CPPIB exits investment in luxury retailer Neiman Marcus

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Canada Pension Plan Investment Board has exited its investment in US luxury retailer Neiman Marcus Group, which emerged from Chapter 11 proceedings in US Bankruptcy Court.

Sep 26 2020

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China’s piggy bank, the National Social Security Fund, set to be among Ant Group’s top IPO investors

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China is keen for its pension funds to make savvy investments to help shoulder the burden of providing for its rapidly ageing population in their retirement years.

Sep 26 2020

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Danish pension fund excludes China from its investment universe

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AkademikerPension, Gentofte, Denmark, is excluding China from its investment universe over human rights violations and will divest about 400 million Danish kroner ($64 million) in investments by …

Sep 25 2020

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First big Danish pension firm blacklists China

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More specifically, AP has scrutinised China’s law changes in Hong Kong as well as its harsh treatment of its Uyghur minority group and political opposition. AP, which changed its name...

Sep 25 2020

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Hong Kong homebuyers to get discount of 40 per cent on subsidised flats amid Covid-19 pandemic

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Hong Kong homebuyers will get extra discounts on a new batch of … compared to the figure for January to March, excluding required pension fund payments. Get the latest insights...

Sep 24 2020

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CNBC Exclusive Transcript: Mark Machin, CEO & President, Canada Pension Plan Investment Board

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Below is the transcript of a CNBC Exclusive interview with Mark Machin, CEO & President, Canada Pension Plan Investment Board. If you choose to use anything, please attribute to CNBC,...

Sep 22 2020

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Insto roundup: Anbang Insurance to disband; NPS could offload $6.87b in stocks

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The pension regulator is relooking at the cost structure for … but those to real estate have fallen, according to Preqin data. Hong Kong tycoon Richard Li’s Pacific Century Group...

Sep 22 2020

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Ontario Teachers opens office in Singapore

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Ontario Teachers’ Pension Plan Board, Toronto, has opened an office in Singapore to further enhance its Asia-Pacific capabilities. The new office will be overseen by Ben Chan, regional managing …

Sep 22 2020

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Never mind freedom, Ant IPO wants Hong Kong to feel the wealth

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Ant Group’s initial public offering, one of the biggest in history, has lifted hopes that Hong Kong will remain a vital economic hub even as civil liberties are eroded.

Sep 22 2020

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Labor condemns government’s decision not to boost aged care pension on schedule

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Labor has condemned the government’s decision not to boost the aged care pension on schedule, arguing it leaves elderly Australians in the dark.