Diversified pooled fund managers posted a median 1.5 per cent return before fees for the third quarter of 2019, according to Morneau Shepell Ltd.’s latest pension universe.
Six different consultants won business from former public defined benefit plan clients of Summit Strategies Group following the firm’s acquisition by Mercer in August 2018.
As a record amount of money flows into sustainable investments, asset owners and fund managers are coming under increasing pressure to prove their green credentials.