Industry

Major pension funds speak out on credit crisis

A group representing hundreds of the world’s largest pension funds says institutional investors must accept their share of responsibility for the “the largest financial crisis in a generation.” Signatories to the United Nations Principles for Responsible Investment, including the Canada Pension Plan Investment Board and Quebec’s Caisse de dépôt et placement, issued a joint statement […]

By Doug Watt |March 2, 2009

2 min read

Briefly: “Canadian economy posts biggest decline since 1991” and more news

Canada’s economy contracted at an annual pace of 3.4% in the fourth quarter of 2008 — its worst performance since 1991 — due to the global recession, according to Statistics Canada. Canadian exports fell for the sixth consecutive quarter, by 4.7%, while imports were down 6.4%. “Declines were registered for both goods and services imports, […]

By Staff |March 2, 2009

4 min read

U.S. asset managers revalue liquidity

The typical institutional investment manager posted a 31% reduction in portfolio asset values in 2008, and now industry professionals are asking themselves how they got it so wrong, and how they can turn it around in 2009, a study reveals. Greenwich Associates’ 2008 U.S. Investment Management Study found that many American institutions have been frustrated […]

By Jody White |February 27, 2009

3 min read

Deal-making slowed in Q4

It was a bad year on so many levels, but the strikes against 2008 continue to add up. The final quarter of last year marked the lowest point since 2005 for mergers and acquisitions, according to specialty investment banker Crosbie & Company. There were a total of 271 new transactions announced in Q4, a decline […]

By Steven Lamb |February 27, 2009

2 min read