Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]
The Investment Management Corp. of Ontario is launching its second structured pool of assets, the IMCO Global Public Equity pool, valued at $17.3 billion. Read: IMCO launching first structured pool of assets The investment manager launched its first structured pooled fund in November 2020. “In a short period of time, IMCO has made tremendous progress on our […]
What do global institutional investors expect in the coming year? It’s not a rosy picture. According to Natixis Investment Managers’ annual institutional investment outlook, just 12 per cent of institutional investors surveyed said they believe global gross domestic product will bounce back to pre-coronavirus pandemic levels by the end of 2021. Meanwhile, 79 per cent […]
Wellington Management Co. is joining the net zero asset managers’ initiative as a founding member. The company is committing to working with clients on their decarbonization goals and setting an interim target for the proportion of assets to be managed in line with the attainment of net-zero emissions by 2050. Wellington is headquartered in Boston and […]
What a difference a year makes. At this time in 2019, initial reports of a novel virus to be called COVID-19 were just beginning to come out of China, and the pandemic was still months from becoming front-page news around the world. Investors were busy instead planning for another regular year in 2020, setting return […]
Now is the time for institutional investors to buy value, small cap and cyclical stocks and hold steady while the economy builds back, says Bill Callahan, an investment strategist at Schroders. Indeed, energy and financial sector stocks saw gains Monday as investors are rotating from growth and large cap stocks after Moderna Inc. released data […]
The Chartered Financial Analyst Institute is looking to more deeply examine the financial industry’s role in mitigating climate change. In a new report, the CFA Institute examined how investors can engage with the issue of climate change. It noted a recent survey of its members found 40 per cent of respondents incorporate climate change information […]
A majority (79 per cent) of institutional investors see a global economic slowdown as the top threat to their portfolios in the next 12 months, according to a new survey by Schroders. Prompted by coronavirus-related concerns, it’s a big jump from the 49 per cent of respondents that said the same in 2019. Those concerns are also […]
Guardian Capital is forming a collaboration with Moshe Milevsky, a professor of finance at York University’s Schulich School of Business, that focuses on retirement finance. As an academic, Milevsky is currently working on research on the intersections of financial engineering, actuarial science, insurance contingent claims and wealth management, according to a press release. “There is an acute need for innovation […]
Environmental, social and governance issues are key for many Canadian pension plans, but taking meaningful action is easier said than done, especially at small and mid-sized organizations. With a team of about 30 people, the University of Toronto Asset Management Corp. managed more than $11 billion of the university’s endowment, pension plan and short-term working […]