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Canadian Pensions Can t Quit External Management, Despite In-House Moves

Plans rely on outside help for better returns, talent, and technology. Although Canadian pension funds are increasingly looking to move asset management in-house, they still rely heavily on external managers as they seek better returns, talent, and technology, according to a recent report from CIBC Mellon. The CIBC report is based on a survey of 50 major Canadian pension managers with average assets under management (AUM) of C$31 billion (US$24.5 million). Approximately three-quarters of the plans surveyed were public, with the remainder being private. According to the findings of the survey, the pension funds’ focus on cost savings has been motivating them to move more of their operations in-house. Of the pension funds that have taken asset management in-house, 66% said they seen savings as a result, with the vast majority of those (91%) seeing savings of more than 10%, and 35% saying the moves have saved them more than 20%. 

Social fintech AssetOwner CO signs up global investors managing more than US$ 5 5 trillion in its first six months

Share this article Share this article SINGAPORE, Jan. 28, 2021 /PRNewswire/ AssetOwner.CO, the social collaboration platform for asset owners, announced that it has signed up global investors managing more than US$ 5.5 trillion on the platform, as of January 2021. This is 1000% growth since August 2020, when AssetOwner.CO had investors representing AUM of US$ 500 billion. The platform s proprietary recommendation engine enables investment professionals in pension funds, family offices, sovereign wealth funds, endowments and other asset owners to build their own global peer community(s), based on their pre-defined choices, in a matter of minutes. The users can then securely continue to engage, network and share investment intelligence with an ever-growing community of peers.

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