money managers – Benefits Canada.com

Survey finds 95% of U.S. public pension funds employ investment consultants

bmcgovern — Fri, 26 Apr 2024 19:45:21 +0000

More than 95 per cent of U.S. public pension funds employ at least one investment consultant, according to a new survey by Coalition Greenwich. The survey, which polled 708 individuals across 575 U.S. institutional investors with assets greater than US$150 million, found there has been a significant increase in the services of investment consultants, as […]

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Guardian Capital Group acquiring Sterling Capital

bwolfe — Thu, 15 Feb 2024 20:00:23 +0000

Guardian Capital Group Ltd. is acquiring U.S.-based asset manager Sterling Capital Management from Truist Financial Corp. The financial terms of the transaction include a payment of US$70 million on closing to purchase 100 per cent of the equity capital of Sterling, according to a press release, which noted the acquisition is expected to close in […]

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U.S. institutional investors paid $1.5 billion in management fees in 2022: report

bmcgovern — Fri, 08 Dec 2023 20:00:29 +0000

U.S. institutional investors paid $1.5 billion in management fees in 2022, according to a new report by investment consulting firm Callan. The report, which analyzed mandates by more than 300 investment firms and more than 180 institutional investors, found 98 per cent of the total fees paid in 2022 went to active managers, up one per cent […]

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Top money managers’ Canadian pension AUM up 7.7% year over year: report

Jennifer Paterson — Tue, 21 Nov 2023 16:00:32 +0000

The Canadian pension assets under management of the country’s top 40 investment managers increased by 7.7 percentage points over the previous year, from nearly $989 million at June 30, 2022 to more than $1 billion at June 30, 2023, according to the latest report by the Canadian Institutional Investment Network. The CIIN, which is a […]

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Caisse pledging to allocate up to $8BN to Quebec managers by 2028

bmcgovern — Thu, 26 Oct 2023 15:00:38 +0000

The Caisse de dépôt et placement du Québec is aiming to more than double the size of the assets it entrusts to Quebec external managers to as much as $8 billion by 2028. The decision is part of an overall goal of reaching $100 billion in Quebec-based investments by 2026, according to a press release. The Caisse renewed […]

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2023 GIC coverage: How OPTrust is building resilient portfolios with help of external managers

lbailey — Tue, 06 Jun 2023 11:43:06 +0000

When investing in external asset managers, pension funds are really investing in teams of people, according to Brandon Gill New, director and head of multi-strategy investing and digital assets at the OPSEU Pension Trust, speaking during the Canadian Investment Review‘s 2023 Global Investment Conference. “It’s not like buying a stock or a bond,” she said, […]

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Franklin Templeton to acquire Putnam Investments

Jennifer Paterson — Thu, 01 Jun 2023 19:00:38 +0000

Franklin Templeton is entering into a definitive agreement to acquire Putnam Investments from Great-West Lifeco Inc. for about US$925 million. As part of the agreement, Great-West will become a long-term strategic shareholder in Franklin Resources Inc. — Franklin Templeton’s parent company — with a 6.2 per cent stake. In addition, Great-West will will provide an initial long-term […]

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2023 Top 40 Money Managers Report: Using tools, technology to improve asset allocation, risk management

Jennifer Paterson — Fri, 12 May 2023 12:56:27 +0000

Large and small, pension plan sponsors are adopting in-house tools, partnering with technology research institutes or relying on investment managers for technological support with asset allocation, risk management and other aspects of investment management. The growing interest coincides with an increasingly complex investment, demographic and regulatory landscape. A 2020 Deloitte report on the importance of […]

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2022 DCIF: Best practices for incorporating sustainable investing into target-date funds

Jennifer Paterson — Mon, 17 Oct 2022 11:56:49 +0000

As greater numbers of defined contribution pension plan members ask for environmental, social and governance-friendly investment options, plan sponsors will need to grapple with how to implement these solutions into their target-date funds. “From some studies that we’ve done, there’s definitely investor demand,” said Michael Greenberg, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions, […]

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UPP selects CIBC Mellon for investment operations, pension plan member services

Jennifer Paterson — Tue, 27 Jul 2021 13:00:03 +0000

The University Pension Plan has selected CIBC Mellon to provide asset servicing, investment operations and plan member services, including custody, institutional accounting, performance and analytics, risk, compliance and pension benefit payment services. The jointly sponsored pension plan, which was launched on July 1, currently covers employees at Queen’s University, the University of Guelph and the University of Toronto, with […]

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