The answer depends on who you ask.
In the wake of the market turmoil, institutional investors are left to make sense of what has fundamentally changed and to adjust their portfolios to capture opportunities while protecting their assets from another possible meltdown. In light of recent events, it’s clear that institutional investors have come to appreciate the importance of true diversification, liquidity […]
It pays to be an optimist in this industry. Indeed, it couldn’t be any other way. Money managers are, by necessity, natural believers in the markets’ ability to provide returns—so long as prudence and foresight are wielded—regardless of the forces acting on the economic landscape. So, as the rest of the country steels itself for […]
For years, Canadian investors could count on two certainties: first, fixed income as an asset class did not draw too much attention; second, the relative performance of bond managers from best to worst was fairly close to the return of the index. Consequently, these managers often found it difficult to differentiate themselves from the competition […]
Debunking the common misconceptions of liability driven investing. Liability driven investing (LDI) has existed as an investment philosophy for some time. However, it has gained major traction in the last few years as defined benefit (DB) plans have become increasingly familiar with its key concepts. LDI generally refers to any strategy in which asset investment […]
With a 40% dive in money manager assets, a new post-crisis vocabulary is in the works. September 2008 changed everything, as Lehman Brothers tipped off a series of major banking collapses and markets took a long, deep dive. The impact of that dark month and its global fallout is all over this Top 40 Money […]
What challenges and opportunities await investors in 2009 and beyond? Before making investment forecasts, it is important to reflect on the recent failures of major financial institutions in the U.S. and around the world. These have had a devastating impact on the global financial system. The freeze of the credit markets has forced some blue-chip […]
We brought together senior representatives from money management firms in a “virtual round table” to discuss the issues facing Canada’s largest pension asset managers. Participants: Roger Beauchemin, president and chief executive officer, McLean Budden Benoît Durocher, executive vice-president and chief economic strategist, Addenda Capital Peter Lindley, head of investments, State Street Global Advisors (Canada) Rajiv […]
Will the performance of emerging market equities take flight? Or will it be grounded—at least for the short term? Today’s global environment is uncertain, and although valuations are not demanding, emerging markets face headwinds in the short term. The secular drivers of emerging markets remain in place for the longer term. However, in the short […]
A fundamental change is underway in the area of global investment management for retirement, and an overhaul of the Canadian pension landscape is needed in order to meet future challenges, according to one expert. “We’ve seen a dramatic shift in this market over the last few years,” said Gregory Chrispin, managing director of State Street […]