While 2015 started on a healthy note for the S&P/TSX Composite Index, a majority of value and dividend investment managers in Canada faced an extra valiant challenge.
Goldman Sachs Asset Management (GSAM) has entered into an agreement to buy the with Pacific Global Advisors (PGA) solutions business from Pacific Life for an undisclosed amount.
How did Canadian active managers do last year?
In today’s investing world, the active versus passive debate can be reminiscent of a rocky marriage, with each party arguing about who’s right. Yet, rather than quarreling over which approach is better, it’s useful to step back and look at the bigger picture. Like any good marriage, while there can be differences of opinion, a degree of compromise can go a long way towards reaching a fitting outcome and finding a balanced approach.
Vontobel Asset Management has agreed to acquire a 60% stake in TwentyFour Asset Management LLP, an independent fixed income specialist based in London.
The active management environment continued to improve throughout 2014, finds the Russell Canada Active Manager Report.
London Stock Exchange Group has concluded a review of the investment management business of Russell Investments and decided to sell the unit.
Sun Life Financial has agreed to purchase New York City-based Ryan Labs for an undisclosed amount.
AllianceBernstein has a new brand name: AB.
Morguard Corporation subsidiary Morguard Investments is buying a 60% stake in Lincluden Investment Management for an undisclosed amount.