This week we continue our conversation with Edwin Cass, Chief Investment Strategist, Canada Pension Plan Investment Board. Mr. Cass is responsible for CPPIB’s overall fund level investment strategy. He also chairs the Investment Planning Committee, which approves all new investment programs and oversees all portfolio risks, including passive, active, credit and liquidity risk. Second of two…
PE’s Other Overhang For several years now, the increase in the inventory of companies backed by private equity in North America and Europe has essentially plateaued. In stark contrast to the steady ramp-up in inventory during the buyout boom era, this trend can be ascribed to a few key drivers, including the healthy exit… Subscribe
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Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
Last summer saw investors turn to shorting bond ETFs as the bond market kicked back to into life amid the Greek crisis. Volatility has continued in earnest in 2016 as the Markit iTraxx Europe index, which tracks CDS spreads across investment grade issuers, hit a three year high of 121 bps earlier this month. The…
Burger King isn’t just selling Whoppers any more. Last week the second largest burger giant began serving hot dogs at all its locations year-round. “We’re applying sixty years of flame-grilling expertise,” said Alex Macedo, President of North America. “We also have to chop the onions a little differently,” he added. The thesis regarding opportunities today…
While their share of European leveraged loans has steadily dropped to 31%, banks are still about where they were pre-crisis. Source: S&P Capital IQ; Primary Market by Broad Investor Type, 2009 date not meaningful
This week we chat with Edwin Cass, Chief Investment Strategist, Canada Pension Plan Investment Board. Mr. Cass is responsible for CPPIB’s overall fund level investment strategy. He also chairs the Investment Planning Committee, which approves all new investment programs and oversees all portfolio risks, including passive, active, credit and liquidity risk. The Lead Left: Ed,…
How much longer will the M&A boom sustain PE exits? The M&A boom has been very kind to private equity sellers. Last year saw PE sellers close over 1,200 sales to strategic buyers, with total value just eclipsing $360 billion. That leaves the past three years at a total of $963 billion in total value…