recentpopularlog in

jerryking : cppib   15

Investment managers need to become coders, says former CPPIB CEO - The Globe and Mail
CLARE O’HARAWEALTH MANAGEMENT REPORTER
DAVID MILSTEADINSTITUTIONAL INVESTMENT REPORTER

Mark Wiseman is learning Python, one of the world’s top computer programming languages.

The former chief executive officer of the Canada Pension Plan Investment Board is not trying to become a master coder, but instead believes investment managers must become proficient in manipulating large data sets to beat the market.

“If you are waiting to get a company’s quarterly or annual report and you think that is how you’re going to make an investment, you are dead meat,”........

“Sources of information are completely different than they were even 10 years ago for investors,” he says.

Today, BlackRock has already begun using “alternative data sources” to gain more in-depth information on companies such as sales predictions, customer traffic and inventory......“As we look at data in industry and how fast it’s moving, there is going to be an increasing bifurcation between proprietary and non-proprietary data."

Non-proprietary data is information that is readily available on the internet and can easily be used by competitors. Now, money managers are increasingly looking for proprietary data to win a competitive advantage.

For BlackRock’s equities business alone, Mr. Wiseman says the firm has tripled the budget for data over the past two years and holds between 400 and 500 proprietary data sets at a time.......learning Python is a more important skill for a young investment manager than learning foreign languages, or even some of the curriculum taught to chartered financial analysts.

“But this is what investing is about today,” he said. “So those of you who are spending your time on your CFA Level III, that is really nice to have the letters after your name on the business card. But you probably would have been better off spending your time learning how to code Python.”
alternative_data  BlackRock  coding  commoditization_of_information  CPPIB  information_sources  investment_management  Mark_Wiseman  massive_data_sets  proprietary  software_developers  software_development 
october 2019 by jerryking
How Glencore AG became a giant in the global agriculture trade - The Globe and Mail
ERIC REGULY
ROTTERDAM, NETHERLANDS
THE GLOBE AND MAIL
LAST UPDATED: WEDNESDAY, MAY 03, 2017

Interested in acquisitions, Glencore AG has accumulated an extensive network of grain assets around the world, and has no plans of stopping
Eric_Reguly  Glencore  soybeans  CPPIB  Argentina  ADM  Bunge  Cargill  Louis_Dreyfus  oilseeds  Viterra  agriculture  growth  opportunities  Rotterdam  grains  logistics  storage  transportation  trading  agribusiness  supply_chains  Marc_Rich 
may 2017 by jerryking
BlackRock Bets on Robots to Improve Its Stock Picking - WSJ
By SARAH KROUSE
Updated March 28, 2017

The firm is offering its Main Street customers lower-cost quantitative stock funds that rely on data and computer systems to make predictions, an investment option previously available only to large institutional investors. Some existing funds will merge, get new investment mandates or close. The changes are the most significant attempt yet to rejuvenate a unit that has long lagged behind rivals in performance......The author of the company’s new strategy is former Canada Pension Plan Investment Board Chief Executive Mark Wiseman, who was hired last year to turn around the stock-picking business. The effort is the first test for Mr. Wiseman, viewed by some company observers as a potential successor to Chief Executive Laurence Fink......Many other firms that specialize in handpicking stocks are also struggling with low returns and shifting investor tastes. Since the 2008 financial crisis, clients across the money-management industry have moved hundreds of billions of dollars to lower-cost funds that track indexes, known as passive investment funds, instead of aiming to beat the market.
BlackRock  stock_picking  automation  layoffs  asset_management  institutional_investors  ETFs  Mark_Wiseman  Laurence_Fink  CPPIB  robotics  quantitative  active_investing  passive_investing  shifting_tastes  money_management  beat_the_market 
march 2017 by jerryking
CPPIB chief urges Canada to diversify, aim investments at emerging markets - The Globe and Mail
JANET MCFARLAND
The Globe and Mail
Published Monday, Jan. 26 2015

Canadian companies need to “think bigger” and aim investments at Asia and other fast-growing regions of the world to improve the country’s international business success....Canadians have to think more about “the scale of the world in which we live” and realize how “puny” the country is in terms of the global population and global markets, Mr. Wiseman said in an interview prior to his remarks. More people are entering the middle class in China and India each year than live in Canada, he noted, but many Canadian businesses still do not aspire to tap those markets.

He pointed to the example of Chinese smart-phone manufacturer Xiaomi Inc., which has become one of the world’s largest handset makers within just five years. The company designs phones, but contracts out all its manufacturing, and has aggressively taken on giants such as Samsung Electronics Co. Ltd.

“There’s no reason why a company like that couldn’t exist here in Canada, selling handsets into China and India,” Mr. Wiseman said. “But we don’t think that way. We think about our own market, and we think about defining success within a much smaller realm than the world that is around us."... all companies need to understand their competitive advantages and exploit them, and Canada’s multicultural and multilingual population is one of the country’s most under-tapped competitive advantages.
diversification  private_equity  CPPIB  CEOs  Xiaomi  Asia  emerging_markets  multilingual  multicultural  competitive_advantage  internationally_minded  beyondtheU.S.  thinking_big  Mark_Wiseman 
january 2015 by jerryking
CPPIB buys Saskatchewan farms in $128-million deal - The Globe and Mail
ERIC ATKINS

The Globe and Mail

Published Thursday, Dec. 12 2013

The portfolio of land generates returns through leases, price appreciation and some production-sharing agreements with growers. Agricultural commodities are expected to enjoy new demand as incomes rise in emerging markets and diets shift to more protein and high-value crops such as canola. At the same time, farmland has become prized for low price volatility.
CPPIB  Saskatchewan  farming  agriculture  private_equity  farmland  portfolio_management 
december 2013 by jerryking
Carlyle Group buys Toronto alternative asset manager - The Globe and Mail
Nov. 26 2013 | The Globe and Mail | Boyd Erman.
U.S. private equity behemoth Carlyle Group LP is buying a Toronto-based asset manager that specializes in picking hedge funds for huge institutional investors, yet another sign of Canada’s growing influence in the business of running alternative assets.

Carlyle said Tuesday that it has agreed to buy Diversified Global Asset Management Corp., an employee owned firm that oversees assets of $6.7-billion (U.S.), for about $103-million

DGAM’s specialty is advising large investors such as pension funds and sovereign wealth funds on how to use hedge fund strategies to manage risk and increase returns.

Canada, particularly Toronto, has a reputation as a top centre for money management in pension circles, with institutions such as Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board running complex strategies using alternative investments – essentially, in-house hedge funds. DGAM helps clients do the same thing by building custom portfolios of hedge funds and investments.
Carlyle_Group  private_equity  Toronto  investors  pension_funds  sovereign_wealth_funds  alternative_investments  Boyd_Erman  asset_management  OTPP  CPPIB  money_management  risk-management  institutional_investors 
november 2013 by jerryking
CPPIB’s Mark Wiseman: A creature of habit with a taste for the new - The Globe and Mail
TARA PERKINS

TORONTO — The Globe and Mail

Published Friday, Feb. 01 2013, 7:40 PM EST

Last updated Saturday, Feb. 02 2013
CPPIB  Mark_Wiseman  dealmakers  private_equity  financiers 
february 2013 by jerryking
Canada Pension Plan Unit to Join K.K.R. Merchant Banking Venture - NYTimes.com
January 17, 2013, 9:16 am Comment
Canada Pension Plan Unit to Join K.K.R. Merchant Banking Venture
By MICHAEL J. DE LA MERCED
CPPIB  private_equity  KKR 
january 2013 by jerryking
Who's going to support you?
May 25, 2012 | Report on Business Magazine | By DOUG STEINER.
Doug_Steiner  CPPIB  retirement  personal_finance 
may 2012 by jerryking
Silver Lake, Microsoft and Canada Pension Plan Mulling Bid for Yahoo - WSJ.com
OCTOBER 20, 2011 | WSJ | By ANUPREETA DAS And GINA CHON.

Microsoft, Others Work on Yahoo Bid
Silver_Lake  private_equity  CPPIB  Microsoft  Alibaba  fallen_angels  Yahoo! 
october 2011 by jerryking

Copy this bookmark:





to read