RBC is looking at expanding its wealth management operations through acquisitions of up to $5 billion, according to the bank’s chief financial officer.
GMP Capital has changed the name and brand of its asset management business to CQI Capital Management, effective immediately.
Marquest Asset Management is buying the portfolio management, custodian and related contracts of the Matrix Group of Mutual Funds.
Mawer Investment Management Ltd. is expanding its global presence to include a location in Singapore as of August 2013.
The New York City Retirement Systems wants to begin managing in-house like the Ontario Teachers’ Pension Plan, according to a report.
Aberdeen Asset Management has completed its acquisition of Artio Global Investors for US$179.7 million.
It’s a promise that’s getting harder to keep. Sponsors of Canada’s DB pension plans are struggling against formidable odds to keep the pension promise alive for members, retirees and future members as equity markets roil and interest rates remain depressingly low in the wake of the 2008 financial crisis.
Canadian money managers have had a lot to deal with over the past five years, such as the global financial crisis and recessions in most of the developed world. In this online-only story, we look back at the themes we covered from 2008 and on.
Global money manager search activity increased in 2012 as institutional investors sought to diversify their portfolios, pursuing equity opportunities in international, American and emerging markets.
One step forward, two steps back. That phrase seems to sum up 2011 for Canada’s Top 40 money managers. On the DB side, plan sponsors enjoyed improved returns but remain shackled as historic lows in interest rates exacerbate deficits.