Layan Odeh

Canada Pension Plan Investment Board notched a 7.8% return in its most recent fiscal year, as gains on stocks and data center investments helped offset the impact of a softening US dollar and a weak year in private equity.

Canada Pension Plan Investment Board’s top executive said the firm is getting increasingly uncomfortable with rich valuations in a stock market that’s dominated by technology and artificial intelligence companies.

Plus: Layoffs at Mackenzie Investments

British Columbia Investment Management Corp. created a team within its private equity unit to provide financing to buyout firms that are increasingly looking for new ways to drum up cash amid a prolonged dealmaking drought.

Bloom Energy Corp. struggled for years to convince investors its fuel cells were a practical alternative to cheaper sources of electricity. Then Brookfield Asset Management Ltd. came along right as the AI boom ramped up.

Stableton Financial, a backer of private technology companies, plans to double its investments this year as it expands into the US.

Three years into Nir Bar Dea’s effort to revitalize Bridgewater Associates, the hedge fund is leaner and churning out better performance than it’s had in years. Still, some shareholders are cutting the firm’s valuation and others are pulling out.

Canada’s Public Sector Pension Investment Board said it invested C$10 billion ($7.2 billion) in the country over 12 months as it pushes ahead with plans to deploy more capital at home.

Plus: A billionaire’s big bet on women’s sports

Ontario Municipal Employees Retirement System hired a longtime executive from CAAT Pension Plan to help build its private equity funds strategy as it makes such investing a more central part of its buyout business.