Emerging market equities remain one of the best sectors for long-term performance, says a global investment strategist for one of the world largest institutional investment firms. Possibly even more important for investors, the volatile nature of the asset class is expected to decrease over the long term. George Hoguet, managing director and global investment strategist […]
As pension funds demand a wider range of investment solutions, money managers are looking for ways to branch out and expand their current offerings. Deals such as RBC’s acquisition of Phillips, Hager & North may be just the tip of the iceberg as many managers face a difficult choice: adapt or sell. Now is not […]
State Street Global Advisors has named an outsider, Scott Powers, as its new president and chief executive officer. He joins the firm from Old Mutual US, the U.S. operating unit of London-based Old Mutual plc, where he has served as CEO and one of six senior executives overseeing its worldwide operations. “We were fortunate to […]
Richard Nesbitt, currently the CEO of TSX Group, will join CIBC World Markets as its new chief executive next month after the bank announced it had nearly $1 billion in writedowns last year as a result of the subprime mortgage mess. CIBC also announced a couple other appointments: David Williamson, the former CFO of Clarica […]
The chief executive of State Street Global Advisors (SSgA), William Hunt, has resigned after State Street Corp. announced it would take a net after-tax charge of US$279 million in the fourth quarter. The purpose of the charge is to establish a reserve to address legal exposure and other costs associated with the underperformance of certain […]
Pension funds and money managers are still feeling the effects of the credit crunch. Will the new focus on risk management survive the latest storm? Call it a complete risk rethink. That’s what many say happened following the perfect storm of 2000, when dire equity market returns, combined with historically low interest rates, gave most […]
For this year’s Top 40 Money Managers report, we brought together senior representatives from a number of money management firms in a “virtual roundtable” to discuss the issues and trends facing Canada’s largest pension asset managers. We’re pleased to present all of the dialogue below. Participants: Roger J. Beauchemin, President and Chief Operating Officer, McLean […]
State Street Global Advisors is expanding its presence in Canada and has acquired new office space in downtown Toronto. “The growth of our office in Toronto emphasizes our commitment to having a strong presence in Canada, the eighth largest economy in the world, and an important part of SSgA’s global strategy,” says Otello Sturino, the […]
Pension plan sponsors should consider a tactical approach to hedging their foreign currency exposures. For Canadian pension plans, maintaining a successful currency strategy in periods of uncertainty requires an examination of several economic factors, including the long-term prospects for the Canadian dollar. The recent rise of the loonie and the removal of the foreign content […]
Recent market gyrations have captured the attention of investors who may question whether the end is nigh for the four-year bull-run on global equity markets. Even their trusted investment advisors may not have all the answers, so it is often helpful to examine where the “smart money” is heading. Institutional investors have largely stuck with […]