The Top 40 money managers have been named and the numbers have been analyzed, but despite positive returns, nobody is celebrating just yet.

“This is the year that was supposed to be the recovery, and yet it doesn’t feel like that,” Bill Chinery, managing director with BlackRock, tells Caroline Cakebread, the author of this year’s Top 40 Money Managers Report.

While returns are still minimal, one thing money managers can raise a glass to is how well they are doing as an industry. Canadian-based firms manage 75% of the total pension assets of this year’s Top 40.

And just where are these companies located? Ontario and Quebec manage the lion’s share of the money at 40% and 44%, respectively, but most provinces have representatives on the list.

Province Pension Assets % of Top 40
British Columbia $62,663.54 9.9%
Alberta $1,346.44 0.2%
Saskatchewan $21,283 3.3%
Manitoba $4,871.60 0.7%
Ontario $251,652.53 40.0%
Quebec $276,525.18 44.0%
New Brunswick $8,449.39 1.3%
Nova Scotia $1,006.59 0.1%
     
Total $627,798.27  

Download a copy of this year’s report, or find it in the November issue of Benefits Canada.

 

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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