Forty-year veteran Jean-Guy Desjardins brings a scientific approach to investment management. Jean-Guy Desjardins had a dream. The 64-year-old chief executive officer and board chair of Fiera Capital Inc. wanted to be the president of a holding company. “In the 1960s, the big thing was conglomerates,” he says. “[But] we all know what happened with that.” […]
The global credit crisis has hit Wall Street hard in the past 24 hours: Lehman Brothers has filed for bankruptcy protection, Merrill Lynch sold itself to Bank of America, and the State of New York has allowed AIG to borrow US$20 billion from its subsidiaries to fund day-to-day operations. The Dow Jones Industrial Average plunged […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Canadians will contribute $20 billion to tax-free savings accounts (TFSAs) next year and the market will mushroom to $115 billion by 2013, says a CIBC World Markets report. “The 2008 federal budget gave birth to arguably the most dramatic change in […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Canada’s slowing economy is colliding with the war for talent to push the national average forecast for base salaries up by 3.7% for 2009, according to a survey. The Hay Group survey of Canadian employers revealed that while the national average […]
Briefly: “Money Managers Perform Better in Q2” and More of Wednesday’s News July 30, 2008 | Staff Other Brieflies this week:| MON | TUE | WED | THU | FRI | According to Russell Investments, the investing environment was better for active managers overall in the second quarter of 2008 with 41% beating the benchmark—up […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | American companies are taking decisive actions to make defined contribution plan participation as easy as possible for employees, according to a survey. The 2008 401(k) Benchmarking survey—conducted by Deloitte, the International Foundation of Employee Benefit Plans and the International Society of […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | A survey by The Hartford Financial Services Group and the MIT AgeLab finds that American women worry a lot more about many aspects of retirement than men. Results show that women are well aware of the specific retirement risks they face […]
Other Brieflies this week:| MON | TUE | | THU | FRI | Soaring energy stocks lifted Canadian pension plans into positive territory in the second quarter despite lingering global credit concerns, according to RBC Dexia Investor Services. Canadian pension funds earned 1% in the quarter ended June 30, trimming six month losses to 1%. […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | OMERS is changing contribution rates in 2009 to better reflect the value of pension benefits earned. Rates for members with a normal retirement age of 65 will be slightly reduced in 2009 while most members with a normal retirement age of […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | During 2007, alternative assets managed on behalf of pension funds by the 99 world’s largest investment managers grew by 40% to US$822 billion compared the previous year. According to the research produced by Watson Wyatt in conjunction with Global Investor magazine, […]