Asset managers usually increase their profits by gathering more assets to manage, but doing so isn’t necessarily helping the institutional investors that work with them. “The dominant business or compensation model in the investment management industry basically boils down to this equation: assets under management times a fee percentage,” said Dan Brocklebank, head of U.K. […]
While target-date funds are intended to be used as a singular option in capital accumulation plans, many defined contribution plan members use them in conjunction with other investments, according to research from Morningstar. The report noted there are potentially more than 10 million DC participants in both TDFs and other plan investments. “While combining target-date […]
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 […]
The Investment Management Corp. of Ontario is appointing Patrick De Roy to the newly created role of senior managing director of total portfolio and capital markets. Most recently, De Roy held the position of head of global research at the Caisse de dépôt et placement du Québec, where he also previously led portfolio construction, economics and […]
The Canada Pension Plan fund ended its fiscal year on March 31, 2019, with net assets of $392 billion, compared to $356.1 billion at the end of fiscal year 2018. The $35.9 billion increase was made up of $32 billion in net income and $3.9 billion in net CPP contributions. Overall, the fund’s return for the year […]
Strong governance allowed the Colleges of Applied Arts and Technology pension plan to find success in private markets, according to Julie Cays, the plan’s chief investment officer. Before the CAAT plan hired its first CIO in 2004, it was using an outsourced chief investment officer-type model — although it didn’t use this term at the […]
Current economic factors like low bond yields, which make it quite difficult for pension plans to meet their long-term return requirements, are driving institutional investors to allocate more to alternatives, according to Jason Campbell, a principal at Eckler Ltd. “Growth in alternatives has been steady and quite significant,” he said during a Canadian Investment Review webinar on […]
After starting to manage funds for its first two clients, the Ontario Pension Board and the province’s Workplace Safety and Insurance Board, the Investment Management Corp. of Ontario has released its 2018 annual report outlining its progress. Though the investment results of its activities will be reported independently by its clients, the report delineated the specifics of […]
In a challenging market environment, it’s important to focus on making the most of worst-case scenarios, said Ed Studd, solutions manager for U.S. portfolio solutions at Schroders Investment Management Ltd., speaking at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. While the definition of risk will change over the course of people’s […]
In the face of a challenging capital market and its subsequent volatility, defined contribution plan sponsors must consider the affect on plan member behaviour, said Colin Sinclare, managing director of institutional sales for Western Canada at MFS Investment Management. “Volatility affects the compounding of returns in DC plan members savings plans. As well, it has behavioural […]