After four years of stalled growth, money managers’ assets under management (AUM) worldwide rose to a high of US$62.4 trillion in 2012— topping the 2007 record of $57.2 trillion.
Brookfield Investment Management has named Craig Noble as its new CEO.
More than one-third of institutions in Canada using exchange-traded funds (ETFs) expect to increase their allocations to ETFs in the coming year, according to a study.
State pension systems that pay the most for money management get some of the worst investment returns and could reduce costs by indexing, according to a study.
Asset managers continue to be challenged by the “lack of consistency” and “uncertainty” around the Foreign Account Tax Compliance Act in the United States.
Amid a slowdown in institutional trading activity, RBC Capital Markets has held on to its position as the leading broker in Canadian equity trading.
Toron Investment Management and AMI Partners have completed arrangements to join forces and have begun operating as Toron AMI International Asset Management.
BMO Financial Group will be establishing a base for its institutional asset management business in Melbourne, Australia, operating as BMO Global Asset Management.
PSP Investments and a group of financial services firms plan to launch a stock exchange to compete with the TSX.
Pennsylvania's Montgomery County plans to moving nearly all of its pension fund assets into exchange-traded funds after being frustrated with high management fees and lacklustre performance.