This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We also benefited from significant fair value appreciation and the value of our External Investment Manager due to a combination of the continued increase in fee income, growth in assets under management, and broader market-based drivers.
We finished 2023 on a strong note with another consecutive quarter of managementfee and FRE growth, 11 for 11 since we've been a public company, against a market backdrop that has been exceptionally volatile and uncertain. Managementfees were up 26%, and 92% of these managementfees are from permanent capital vehicles.
For wealth management, revenue grew robustly year on year with rapid increases in the number of users and average fund investments per user, primarily invested in low-risk money market funds. In terms of wealth management services, I think it will continue to grow for the reasons that I talked about earlier.
It focuses on leading the global investment industry to continuous improvement through case studies of bestpractice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing. It ranks 75 investment funds from 15 different countries.
Consolidation in the industry is likely, with larger managers acquiring smaller ones to expand their strategies and AUM. Fee structures may change, with pressure on public companies to reduce managementfees and focus on performance-based compensation.
The pension fund manager expects to reach C$100 billion in 2026 as planned. Some of its investments in the province last year included a C$500 million investment to support National Bank of Canada in acquiring Canadian Western Bank and a C$158 million investment in WSP Global Inc. The Caisses managementfees were 0.6
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content