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) […]
When the potential acquisition of a start-up is heavily tied to the financial wellbeing of its founder, it can make the business vulnerable to deals that devalue the company. According to a new paper out of Yeshiva University, founders naturally own a large portion of the equity in their companies in the early stages, making […]
After increasing by 15.1 per cent in 2017, the assets under management of the world’s 300 largest pension funds fell by 0.4 per cent in 2018, according to data from Willis Towers Watson’s Thinking Ahead Institute. It found the 300 funds’ total assets under management was US$18 trillion for the year. “A tougher market environment […]
Capital Group has appointed Rick Headrick as president of its business in Canada. With more than 20 years of industry experience, he was most recently the president of Sun Life Global Investments Canada Inc. In that role, he was responsible for growing the distribution of investment funds through financial advisors and institutional retirement plans across the country. Headrick was […]
As the likelihood of a new Italian coalition government continues to solidify, institutional investors are watching the country’s extremely volatile bond markets. The hard-left Five Star Movement and centre-left Democratic Party have joined forces to avoid snap elections, which would have strongly reinforced the power of Matteo Salvini, the leader of Italy’s far-right League party, says Stephane Dutu, director […]
The Caisse de dépôt et placement du Québec, alongside Brookfield Business Partners and its institutional partners, is co-investing in the acquisition of Healthscope Ltd., a private hospital operator in Australia and a pathology services provider in New Zealand. The Caisse will invest more than A$300 million and will hold a significant minority stake in Healthscope. […]
The Ontario Teachers’ Pension Plan is partnering with Google parent company Alphabet Inc. and affiliate Sidewalk Labs to launch a new company that invests in North American infrastructure. The spin-out of Sidewalk Labs called Sidewalk Infrastructure Partners, plans to hold, operate and invest in advanced infrastructure for the digital age. “We will bring our infrastructure and […]
Among institutional investors that are diving into alternative assets, those investing in private equity are the most satisfied, according to a new survey by Preqin Ltd. The vast majority (93 per cent) of survey respondents said their private equity funds’ performance has either met or exceeded expectations in the last 12 months. Investors are also […]
During the past decade’s bull market, gold has been largely off the radar for institutional investors. But as key bond yields turn negative, among other recessionary signals, chatter about the commodity is heating up. “All precious metals have no correlation to the rest of the marketplace so that tends to be why gold and precious […]
The Ontario Teachers’ Pension Plan’s chief operating officer of enterprise operations is moving to a new role at the United Nations Joint Staff Pension Fund. Rosemarie McClean will become chief executive officer of the pension fund, effective Jan. 1, 2020. Since joining the Ontario Teachers’ in 1986, McClean has gradually taken on more responsibility, including shaping the plan’s […]