Investing in the perfect mix
Public Markets is composed of public equity, absolute return and fixed income strategies. Investments are managed by both internal and external managers using a combination of active, absolute and index-replication strategies.
Public Markets and Absolute Return Strategies (PMARS) invests passively and actively across traditional long-only and absolute return strategies. Our investment philosophy is grounded in a risk-adjusted mindset. We identify the best opportunities in the public equity and fixed income markets and across absolute return strategies. Our diversified team leverages external partners to complement our public market value proposition. Our internal research platform provides ongoing market insights across the organization.
Over $50 billion in equity investments
Nearly $10 billion in portable alpha portfolio
$1.8 billion of value added in the last 5 years
What sets us apart?
Diversified portfolio of strategies
Capacity to sustain volatility
Strong co-investment capabilities
Sectoral expertise and deep analytical capabilities
Public Markets at a glance*
*Includes public market equities and government fixed income
[In C$ as of March 31, 2018]
Discover how we invest
Absolute Return Exposure
PMARS in action
Forging strategic connections
Strategy: Statistical arbitrage
External Investment Manager and Partner
Our strong network of partners allowed us to spot an emerging hedge fund manager with valuable capabilities. Investing in Blueshift’s winning formula for identifying windows of short-term opportunities in the public equity markets secured our team capacity in a highly sought-after hedge fund strategy and statistical arbitrage.
Investing in the future
Headquarters: United States
We identified a great opportunity to partner with Lyft, a leading ride-sharing company. Our industry specific insights confirmed the attractiveness of the opportunity and structure of the transaction. This drove our decision to invest before the company's initial public offfering.
Innovative event-driven strategies
Headquarters: United States
We have been actively involved in the Yahoo trade through its lifecycle. From our involvement in Alibaba's IPO four years ago, we implemented a sum-of-parts and a capital structure arbitrage, designed a merger and acquisition strategy to profit from Yahoo's sale of core assets to Verizon and benefited from the US Tax Reform on a macro front. Our expertise in event-driven situations and our proficiency with multiple financial instruments allowed us to be agile and deploy a range of hedge fund strategies to profit from the unfolding of this situation.
For any information pertaining to Fixed Income, please contact David J. Scudellari, Senior Vice President and Head of Principal Debt and Credit Investments who is responsible for both Private Debt and Fixed Income asset classes.