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More than 60 per cent of Internet giant Google�s workforce is white and only 30 per cent are women.

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Paul Sakuma / The Associated press files More than 60 per cent of Internet giant Google�s workforce is white and only 30 per cent are women.

Outlook better for Jets, Blue

THE conditions for success for the Winnipeg Jets and the Winnipeg Blue Bombers -- on the ice and field and off -- are better than they've been for 20 years, a new book from the Conference Board of Canada says.

But the Manitoba capital is still the smallest sports market in Canada, meaning margins are much smaller than for other teams, and the decisions made by management play a much bigger role in making or breaking a team.

The book, called Power Play: The Business Economics of Pro Sports, notes Winnipeg's disposable income per capita is eighth in Canada among major pro-sports markets, higher than Montreal. In 2012, Winnipeg was home to 26 of Canada's 800 largest corporations, more than Edmonton, Ottawa or Quebec City.

"Since the 1990s, Winnipeg has grown in population and wealth. The Canadian dollar is much stronger today, the operating environment in the two leagues has improved substantially and both the Blue Bombers and the Jets have impressive new playing facilities," said Glen Hodgson, senior vice-president and chief economist for the conference board.

"However, Winnipeg remains a comparatively small pro-sports market and the margin for success is going to be slimmer than in larger cities. That makes player evaluation and business management more crucial to the franchises than they would be elsewhere."

 

Pavilion is a buyer again

PAVILION Financial Corp. is back on the acquisition trail.

The Winnipeg-based global investment company has acquired LP Capital Advisors, a Sacramento-based investment consulting firm, for an undisclosed sum.

With satellite offices in Boston and Salt Lake City, LPCA specializes in alternative investments and services some of the world's largest pension plans, sovereign-wealth funds and high-net-worth family offices.

"This is another piece to our puzzle. It's a meaningful acquisition for our firm," said Marty Weinberg, CEO of Pavilion, noting the deal is expected to close in the next few days.

"We have chosen to partner with LPCA because of their reputation and expertise in advisory services in alternative asset classes, particularly private equity. LPCA will continue to cater to its clients and we will be able to introduce their skill sets to our clients, which will give our clients deeper experience for private-equity mandates."

Pavilion, an employee-owned firm, is focused on the institutional investment market, catering to endowments, foundations, pension funds and family offices.

Two years ago, it acquired Stratford Advisory Group in Chicago.

Weinberg said he believes the addition of LPCA will enable Pavilion, which has an institutional client base that manages more than $400 billion in assets, to continue to churn out double-digit growth.

-- staff

Republished from the Winnipeg Free Press print edition May 30, 2014 B5

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