Last night, the investment industry celebrated its successes as more than 120 people gathered at Toronto’s Brassaii Café Restaurant Lounge for Benefits Canada’s Top 40 Money Manager Awards cocktail party.
There was a time when performance drove manager selection. But that was more than a decade ago, when most pension plans held a mix of bonds and equities, perhaps some real estate and very little else. Then it all blew up. What worked in the 1990s probably doesn’t work now. Certainly, traditional assets have not […]
One step forward, two steps back. That phrase seems to sum up 2011 for Canada’s Top 40 money managers. On the DB side, plan sponsors enjoyed improved returns but remain shackled as historic lows in interest rates exacerbate deficits.
Last year, Canada’s Top 40 money managers clocked substantial gains that pushed them back into positive territory in the wake of one of the worst financial crises in a century. This year, the growth story continues with a collective gain of 8% and total assets under management moving up to $526.4 billion. But while managers […]