CIBC is looking at buying Russell's investment management division, says Bloomberg News.
Morningstar Research has announced the winners of the 2014 Morningstar Awards.
The Pacific Investment Management Co. Total Return Fund reported outflows of about US$27.5 billion in October, with nearly half of them occurring in the first five trading days of the month.
To preserve recent gains, pension funds are diversifying their assets—and facing the risk issue head-on
The active management environment continued to improve in the third quarter with more than half of large cap managers beating the S&P/TSX Composite Index, up from only 41% in the second quarter.
Confidence has returned among institutional investors worldwide, according to a new survey by Pyramis Global Advisors.
The Florida State Board of Administration, which manages the state's pension plan, is withdrawing assets from two PIMCO funds.
BNY Mellon has reached an agreement to acquire Cutwater Asset Management, a fixed income and solutions specialist with about US$23 billion in assets under management from MBIA Inc.
Investors withdrew an estimated US$23.5 billion from the Pacific Investment Management Company Total Return Fund in September.
Investor interest over the next five years will gradually shift back towards active strategies.