TD Bank Group is acquiring Greystone Capital Management Inc., the parent company of Greystone Managed Investments Inc., for $792 million. The agreement, which is subject to regulatory approval, comprises $730 million of enterprise value, about $105 million of seed capital and other net adjustments. Greystone Capital Management’s shareholders will receive 30 per cent of the net […]
Despite significant improvements recently to pension plan solvency levels, the start of 2018 has been a challenging one for institutional investors. Shifting monetary policies have put pressure on bond portfolios, while rising yields have started to affect the equity markets. On the equity side, the S&P/TSX composite index has gone from a high of almost […]
Global institutional investors are more trusting of the financial services sector than their retail counterparts, according to a new survey by the CFA Institute. The survey, which polled more than 800 institutional investors and about 3,000 retail investors, also found institutions are more trusting of every industry in which they might invest. The majority (85 per cent) of […]
Fiera Capital Corp. is scooping up the business of CGOV Asset Management, an Ontario-based investment management firm that focuses on institutional investors. As of Dec. 31, 2017, CGOV reported about $5.3 billion in assets under management. Upon completion of the deal, Fiera Capital will become the seventh-largest independent high-net-worth manager in Canada, with total private wealth assets under management exceeding $6 billion. […]
When it comes to the most popular investment stories of the year, Benefits Canada‘s biannual top money managers’ rankings were at the top of the list in 2017, with many readers also interested in the affect on pension plans of the Canadian dollar’s rise and interest rate boosts. Benefits Canada rounds up your favourite investment stories of 2017: […]
While contracts between institutional investors and asset managers can inadvertently encourage short-term investment decisions, a new report by FCLT Global is recommending nine key areas where both parties can align their interests. The not-for-profit organization’s stated goal is to encourage investors, such as pension plans, to look at allocations through a longer-term lens. It brought together working groups of […]
Investors make decisions every day about how to allocate the monies entrusted to them, including choices which asset classes, which markets and which managers to select. Asset allocation and asset liability studies help to determine the trade-off between risk and return, which translates into an asset mix. From there, investors decide on how to invest […]
Forty years ago, insurance and trust companies dominated the pension investment industry. But by the early 1980s, the landscape began to change as boutique asset managers started to take a growing chunk of the business. Boutique managers were attractive to investors because they specialized in a type of asset or style of investing, says Zev […]
Shareholders have approved the proposed merger between Standard Life and Aberdeen Asset Management Inc. At Standard Life’s general meeting on Monday, 98.6 per cent of shareholders voted in favour of the all-share merger announced in March 2017. The merged investment firm, which will rebrand as Standard Life Aberdeen, will have its headquarters in Scotland. “Our […]
Private equity firm TA Associates has agreed to acquire Frank Russell Company’s asset management business, Russell Investments, from London Stock Exchange Group (LSEG) for US$1.15 billion.