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Michael McCarty
Music industry veteran Michael McCarty has launched a new venture, Kilometre Music Group, in partnership with Barometer Capital Management for a $200 million global music royalty fund.
Industry veteran
Michael McCarty has launched a new venture, Kilometre Music Group, with a goal to “reclaim music rights of Canadian artists.”
A long-time champion and developer of Canadian songwriters, McCarty signed Sum 41, Three Days Grace, Billy Talent, Len and more when he helmed EMI Music Publishing Canada for 17 years. Then he served as chief membership and business development officer for performing rights organization SOCAN for seven years before leaving in November.
What started with a speculative run-up in shares of video-game retailer GameStop, driven by Reddit’s WallStreetBets day-trading community and GameStop’s subsequent crash has spread to other companies, most recently Canadian cannabis companies. Photo by Spencer Platt/Getty Images files
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While the Reddit-fuelled stock-market frenzy of recent weeks draws scrutiny from regulators and lawmakers, the managers of Canada’s largest pension fund are also watching closely to see what the so-called “meme stock” craze says about governments’ ability to support the economy through pandemic shocks without overheating it.
“Policymakers have been able to intervene with real significant force without having excessive negative impacts on economies,” said Geoffrey Rubin, the chief investment strategist at the Canada Pension Plan Investment Board, in an interview with
A coalition of Canadian university endowments and pension plans are launching a new initiative to engage investee corporations on climate change risks. The initiative will engage with North American public companies held in university endowment and pension portfolios and will focus on sectors including finance, transportation, energy and utilities and manufacturing, according to a press […]
B.C. pension seeks $5B in green bonds by 2025
Paula Sambo, Bloomberg News Boats travel in False Creek near the downtown Vancouver, British Columbia, Canada, on Sunday, June 2, 2019. Canada is scheduled to release gross domestic product (GDP) figures on June 28. Photographer: SeongJoon Cho/Bloomberg , Bloomberg
The British Columbia Investment Management Corp. plans to significantly increase its holdings of sustainability bonds as part of five-year goals for its public markets program.
BCI is targeting $5 billion of cumulative investments in sustainability bonds by 2025, compared with $887 million at the end of last year, according to a statement on its website. It will also reduce the carbon exposure in its global public equities portfolio by 30 per cent, using 2019 as a baseline.