Canada. Pensions seek clear strategies, lower costs through in-house management
Canadian pension funds are shifting asset management in-house, new research from CIBC Mellon says, and managers want lower fees and greater transparency on funds managed externally. The survey of 50 pension managers last year found an average of 22% of assets managed in-house; that figure is expected to rise to 28% this year. Almost two-thirds of pensions said bringing asset management in-house allows for a clearer alignment of strategies with long-term objectives. More than half cited advantages such as having a...
