RBC Global Services says it has been reappointed by British Columbia Investment Management Corporation (bcIMC) to provide global custody and related services for its diversified C$57 billion portfolio of assets. RBC Global Services regained the mandate following a Request for
Radianz says Fortis Investments has appointed it to provide the networking that supports the Financial Information eXchange (FIX) protocol. Under a three year contract, Radianz will connect sell side brokerages around the world to a new FIX based system that
OM has announced a post provisions loss of SEK 521 million for the first half of 2003, on revenue down from SEK 1,416 million to SEK 1,207 million. The loss at the operating level was SEK 513 million, and after
According to Canada's Benefits and Pension Monitor, the Ontario Municipal Employees Retirement System (OMERS) is creating a private equity fund that it will manage on behalf of pension funds from outside the country. OMERS will put in its own money
Canada 's top companies are being overly optimistic in the assumptions they use for their corporate pension plans, says a study by UBS. While most companies have reduced their assumptions on the discount rate and the expected return on pension
Canadians pulled C$577 million ($415 million) from mutual funds in June, according to the Investment Fund Institute of Canada, although total assets under management increased in June to C$390.8 billion, up 0.2% from May's total but down 6.2% from a
The Boston Globe reports that, as of June 1, State Street says it only has a ''firm commitment'' for about 37% of revenue from the top 25 clients, much of which is from Deutsche's asset management unit, and a smaller
Cantor Fitzgerald & Co. has tapped Irvin Goldman, former head of sales and trading at CSFB, as president of its Debt Capital Markets and Asset Management divisions. Goldman will also be responsible for building an asset management business within Cantor