ASSET OWNERS
Four Canadian investment clients chose IMCO to oversee about C$2.6 billion ($1.92 billion) in assets.
Asia-Pacific funds in the world's top 100 asset owners now have nearly the same amount of assets as those in North America.
Institutional investors recorded positive returns for the fourth quarter, but that was not enough to prevent negative returns for the year.
Belfer, Tsai, Och, Hahn and Kraft family offices are among institutional investors caught up in FTX's bankruptcy.
Institutional asset owners in the Northern Trust universe posted a median return of -4.2% in the third quarter.
Hartford HealthCare cut its in-house investment team, roiling the investment committee.
Investment Management Corp. of Ontario delivered a net return of 9.6% in 2021, topping its benchmark and boosted by private equity.
Institutional asset owners in the Northern Trust universe posted a median return of 0.2% in the third quarter vs. 6% in the second quarter.
Institutional asset owners in Northern Trust's universe posted a median gain of 6% in the second quarter after returning 3.3% last quarter.
Investment Management Corp. of Ontario announced the weighted average return of its clients' funds was a net 5.4% in the year ended Dec. 31.
