In my last article I introduced the concept of active share and noted its power as a potential screen for selecting high performing active equity managers.
David Wolf has joined the Fidelity Canadian Asset Allocation portfolio management team.
Global assets under management are expected to reach US$101.7 trillion ($112.8 trillion) by 2020.
A survey finds that fund managers are more optimistic about the prospects for equity returns in most markets, while remaining concerned about world growth and medium-term government bonds.
Large cap managers in Canada posted their strongest benchmark-relative performance in 12 years in 2013, according to the latest Russell Investments Active Manager Report.
Canadians have accumulated savings of $1 trillion in mutual funds, marking the first time in their 82-year history in Canada that funds have topped this milestone.
Swiss-based institutional asset investment manager Unigestion has opened up an office in Toronto.
The Carlyle Group has completed the acquisition of Toronto-based Diversified Global Asset Management Corporation (DGAM), a global manager of hedge funds with more than US$6.7 billion ($7.4 billion) in managed and advised assets.
The number of firms offering exchange-traded fund portfolios in Canada has expanded to 16 from 11 in just six months, according to BlackRock.
BMO Financial Group has reached an agreement to buy F&C Asset Management for £708 million (C$1.3 billion).