Schroders is appointing Marc Brookman as chief executive officer of its North American operations. Karl Dasher, the current CEO of North America and co-head of fixed income, will be leaving the firm at the end of the year. Before joining Schroders in 2018 as deputy CEO of North America, Brookman was managing director and head […]
Public pension plans rely on the help of investment advisory firms, but do politics play a role in which firms they choose to work with? A paper co-written by William Beggs, an assistant professor of finance at the University of San Diego School of Business and Thuong Harvison, a PhD candidate at the University of […]
Asset managers usually increase their profits by gathering more assets to manage, but doing so isn’t necessarily helping the institutional investors that work with them. “The dominant business or compensation model in the investment management industry basically boils down to this equation: assets under management times a fee percentage,” said Dan Brocklebank, head of U.K. […]
The 2008 financial crisis is an event that defined benefit plan sponsors won’t soon forget. Roller-coaster markets exposed gaps in their investment strategies, while de-risking appeared on pension committee agendas as they assessed the damage and focused on the road to fully funded statuses. Back in 2008, few tools were available to de-risk pension plans. […]
The provincial government has appointed Brian Gibson as the new chair of the Investment Management Corp. of Ontario’s board of directors, effective immediately. Gibson is a director at Precision Drilling Corp. and Samuel, Sons & Company Ltd. He also serves on the advisory board of Kruger Inc. and is the chair of the CFA Institute’s corporate […]
Canadian asset and wealth managers are facing increased expectations from clients, according to a poll by RBC Investor and Treasury Services. Those surveyed identified the rise in client expectations as the top challenge for the year, followed by increased regulation, which held the top spot in 2018. As well, about a quarter (23 per cent) […]
As private market assets become larger and more important allocations in pension plan portfolios, the methods for effectively benchmarking performance will become more relevant to the institutional investment community, according to a recent report by Callan. While several methods exist to measure manager and asset performance, it can be difficult for investors to get their hands on robust data, as […]
Fund managers’ race appears to play a role in whether they’re selected by asset allocators, such as pension funds, according to a new report. The report, by Illumen Capital and a centre from Stanford University’s department of psychology, found racially diverse teams may face bigger barriers to advancement, even after they’ve established themselves as strong […]
When analyzing the likelihood of a trade war means keeping one eye on Twitter, the global backdrop for risk becomes more troubling. “You definitely start by taking that global temperature — looking at growth, inflation, interest rates, commodity prices, currencies, event risk,” says Rob Hall, institutional portfolio manager on the emerging markets debt team at […]
The Canada Pension Plan Investment Board closed out the first quarter of its 2020 fiscal year with a 1.1 per cent net return. The fund added $8.6 billion to its assets, with $4.5 billion in CPP contributions and the other $4.1 billion in net income. “CPPIB’s investment programs performed well in the first quarter, achieving solid net income in […]