To preserve recent gains, pension funds are diversifying their assets—and facing the risk issue head-on
The active management environment continued to improve in the third quarter with more than half of large cap managers beating the S&P/TSX Composite Index, up from only 41% in the second quarter.
Confidence has returned among institutional investors worldwide, according to a new survey by Pyramis Global Advisors.
The Florida State Board of Administration, which manages the state's pension plan, is withdrawing assets from two PIMCO funds.
BNY Mellon has reached an agreement to acquire Cutwater Asset Management, a fixed income and solutions specialist with about US$23 billion in assets under management from MBIA Inc.
Investors withdrew an estimated US$23.5 billion from the Pacific Investment Management Company Total Return Fund in September.
Investor interest over the next five years will gradually shift back towards active strategies.
The departure of Bill Gross from Pacific Investment Management Company (PIMCO) had both positive and negative ripple effects.
Investment management fees are often structured in ways that reward asset managers in good times but spare them pain when they underperform, say many Canadian DB pension fund managers and investment consultants. They also argue that, although some fees for institutional investors have declined, they remain too high in general—and don’t always reflect great manager skill.
Gluskin Sheff + Associates Inc. has completed its acquisition of Blair Franklin Asset Management Holdings.