Global Leaders

The World's Most Profitable Hedge Fund?

Nathan Vardi of Forbes reports Chris Hohn’s hedge fund firm, TCI Fund Management, made more money in financial markets than any of the world’s most successful hedge fund firms in 2019, marking his ascendancy in the trading world:According to LCH Investments’ annual ranking of the 20 most succ ...

OTPP Sells a Minority Interest in Brussels Airport

Ontario Teachers’ Pension Plan just announced it has sold a minority interest of its indirect stake in Brussels Airport to Japan's GPIF and Australia's TCorp:Ontario Teachers’ Pension Plan (Ontario Teachers’) has sold a minority interest of its indirect stake in Brussels Airport to each of TC ...

Five issues for investors to watch in January

2019 was a great year for markets, and equities delivered strong returns for the year. U.S. stocks led the way at 29.07%, Chinese stocks returned 20.94%, European stocks returned 20.03%, and emerging markets delivered 15.42%.1 But the ride wasn’t always smooth, with ongoing geopolitical sagas (li ...

Outlook 2020: Will Bulls Forge Ahead?

Jed Graham of Investor's Business Daily reports on the stock market forecast for 2020 stating clears skies from the Fed, China trade deal but 2020 election clouds loom:The stock market forecast for 2020 looks bright to start the new year. The Dow Jones Industrial Average, S&P 500 and Nasdaq composi ...

A holiday gift for markets: Increased economic policy certainty

Two developments last week suggest that we have entered a period of improved economic policy certainty. Both the UK election and the US-China Phase 1 trade deal promise to bring far more clarity for businesses as they plan for 2020 and beyond. If so, this could be a welcome gift for the economy and ...

Michael Sabia on Carbon Budgets and China

Shawn McCarthy of Corporate Knights magazine reports that Canada’s second-largest pension fund has made big changes to its investment portfolio and the result is new investments in coal or oil companies are very unlikely:As world leaders converge at this week’s climate summit in Madrid to debat ...

A Conservative landslide paves the way for a Jan. 31 Brexit

How much of a surprise was Thursday’s UK election outcome? Actually, it was very similar to the seat-by-seat projections we published a month ago, which forecast a clear Conservative majority in Parliament. The difference is that the Conservative Party won a few more seats than we expected (365), ...

Is France's Pension Revolt Legitimate?

France24 and AFP report the French government has just unveiled a new pension plan but crippling strikes are set to continue:The legal retirement age in France will remain 62 with the new French retirement plan, but workers will need to work until 64 to get a full pension, French Prime Minister ...

CPPIB's Big Investment in India's NIIF

The Canada Pension Plan Investment Board (CPPIB) put out a press release today stating it plans to invest up to US$600 million through National Investment and Infrastructure Fund (NIIF):National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) toda ...

What could the upcoming U.K. election mean for Brexit?

On Dec. 12, the U.K. is holding a general election, and the outcome is difficult to gauge. While the Conservative and Labour parties try to broaden the debate, the dominant theme remains Brexit. To give us a preview of this important election, I’m turning over today’s Weekly Market Compass blog ...