Fund managers’ race appears to play a role in whether they’re selected by asset allocators, such as pension funds, according to a new report. The report, by Illumen Capital and a centre from Stanford University’s department of psychology, found racially diverse teams may face bigger barriers to advancement, even after they’ve established themselves as strong […]
When analyzing the likelihood of a trade war means keeping one eye on Twitter, the global backdrop for risk becomes more troubling. “You definitely start by taking that global temperature — looking at growth, inflation, interest rates, commodity prices, currencies, event risk,” says Rob Hall, institutional portfolio manager on the emerging markets debt team at […]
The Canada Pension Plan Investment Board closed out the first quarter of its 2020 fiscal year with a 1.1 per cent net return. The fund added $8.6 billion to its assets, with $4.5 billion in CPP contributions and the other $4.1 billion in net income. “CPPIB’s investment programs performed well in the first quarter, achieving solid net income in […]
The British Columbia Investment Management Corp. posted a combined net return of 6.1 per cent for its fiscal year, which ended March 31, 2019. Adding $2 billion in value, the organization increased its assets under management to $153.4 billion and beat its combined market benchmark, which returned 4.5 per cent. Private assets drove the outperformance, with income generation and […]
What effect do low interest rates really have on how pension funds invest and what are the long-term consequences? When plan sponsors are underfunded, they have a few set options, according to a new paper by the Federal Reserve Bank of Boston. For a state-sponsored plan, the choice of whether to take on assets with higher […]
As certain major technology firms are struggling, a sub-sector of the industry is on the rise. “Cyber security companies are producing and providing essential services,” says Raj Lala, president and chief executive officer of Evolve ETFs. “They’re not producing a smartphone or a social media application, so they’re very different from the FAANG stocks out […]
Sun Life Financial Inc. is consolidating several elements of its asset management business. The firm’s fixed income institutional asset management businesses — Prime Advisors Inc., Ryan Labs Asset Management Inc. and Sun Life Institutional Investments Inc. — will be combined with its general account to form SLC Management, a new autonomous asset management business. SLC […]
While taking an active approach to investment management is paying off for the Canada Pension Plan Investment Board, the Public Sector Pension Investment Board’s actively managed returns are similar to what they would be if it had taken a passive approach, according to a new report by the parliamentary budget officer. The PBO prepared the […]
With a challenging backdrop to the current investment landscape, certain topics are continually resurfacing when chief investment officers speak with asset owners. The conversation is dominated by the desire to get more out of manager relationships, increasing the amount of insight investors gain from them, said Neil Blundell, head of global client solutions at Invesco, in a webinar […]
Morningstar Inc. has signed a deal to buy Canadian debt-rating agency DBRS for US$669 million. The U.S. company says the combination of DBRS with Morningstar Credit Ratings’ U.S. business will expand its global asset class coverage. Morningstar says DBRS, formerly known as the Dominion Bond Rating Service, will continue to be led by its existing […]