Here's a review of people on the move this month.
Stuart Raftus has joined Canaccord Genuity Wealth Management as its president in Canada.
Rising tensions will impact international equities.
In an environment where plan members don’t always understand their retirement arrangements, may be frustrated with market volatility and aren’t adequately preparing for retirement, DC plan sponsors are on the lookout for new ways to help members mitigate risk and increase returns. Our annual DC Investment Forum explored some of these strategies.
BNY Trust Company of Canada has appointed Paul Kamin as vice-president and business development officer for Eastern Canada.
How Canada's money management landscape has changed.
The Canadian Wheat Board (CWB) has signed a deal with Sun Life Financial to purchase a $150-million annuity policy that transfers investment and longevity risk from its DB plan to the insurer.
As eurozone nations continue to struggle with debt, many predict that emerging markets will continue to outperform developed markets in 2013. Brazil, Mexico, Russia and Thailand will likely see 3.5% to 4% growth; India, 5% to 6%; and China, 8%, according to Warren Jestin, chief economist with Scotiabank, speaking at the Economic Club of Canada’s annual outlook event in January.
Since the financial crisis of 2008, pension plans have struggled for additional returns. Unable to meet their liabilities with the typical equities and fixed income portfolio, a lot of plans have been moving into alternative investments, specifically, hedge funds.
In an informal poll of investors in attendance at a recent CIBC Mellon event in Toronto, 38% of respondents indicated they were invested in hedge funds and 38% said they were undecided. When asked if they were invested in or plan to be invested in alternatives, hedge funds drew the most interest.