Size matters when it comes to Canada’s much-vaunted model of pension investment. Sebastien Betermier, an associate professor of finance at McGill University’s Desautels Faculty of Management, says the in-house capabilities and direct, private-asset investment that characterize the approach pioneered by the Maple 8 aren’t replicable by just any pension fund. “You need to be really […]
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. […]