Caisse de Depot et Placement du Quebec picked an insider and banking veteran to lead Canada’s second-largest pension fund manager in an era of low-interest rates and trade tensions.
Investors trapped in Neil Woodford’s former flagship fund may be waiting some time for the remaining assets to be sold and any subsequent payouts, its administrator said.
Economic activity shrank in eight U.S. states and was stagnant in three others during the fourth quarter, according to the latest data from the Federal Reserve Bank of Philadelphia.
Lincoln is building its first fully electric vehicle with Rivian Automotive Inc., the battery-powered truck and SUV maker Ford Motor Co. backed with a $500 million investment last year.
Top picks from Paul Gardner, partner and portfolio at Avenue Investment Management.
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