The combination will create creating a $571 billion manager with ‘complementary’ equity and fixed-income capabilities and a CLO and alternative credit platform.
The Canadian pension giant is integrating Ivanhoé Cambridge and Otéra Capital, also announcing the April departure of Ivanhoé Cambridge CEO Nathalie Palladitcheff.
Despite the ongoing hacker threat, some customers are pulling back on digital defense spending.
The Mansion House reforms also seek to create superfunds to consolidate the ‘fragmented’ defined benefit market.
IPOPIF CIO Kent Custer reported that 324 of 357 pension funds have consolidated, totaling $9.1 billion.
Manitoba Premier Brian Pallister challenges the province’s pension plans to ‘shop together.’
UK regulator says fewer, but better governed plans will benefit pension savers.