Morneau Shepell Asset & Risk Management grows to $378 million in assets under management in its first year of operation
TORONTO, Nov. 6, 2013 /CNW/ - Morneau Shepell Asset & Risk Management Ltd., a wholly-owned subsidiary of Morneau Shepell, has been named the third fastest growing money management firm in Canada (with assets under $1 billion) by Benefits Canada Magazine. The publication, which services the defined benefit and defined contribution plan sponsor marketplace, lists Morneau Shepell with $378 million of assets under management as of June 30, 2013.
"Clients are really attracted to the concepts behind our outcome-oriented funds - using a diverse number of investment strategies in client portfolios designed to help achieve desired objectives," said Rob Boston, Partner with Morneau Shepell. "It's a trend that is very prominent in the U.K. and now in the U.S., and growing here in Canada - the idea of combining and outsourcing asset management and actuarial services to be implemented by a trusted advisor," he added.
Early last year, Morneau Shepell's Asset & Risk Management introduced four investment funds designed to achieve targeted investment outcomes for its clients. Unlike most conventional investment strategies, which tend to focus primarily on portfolio growth, the outcome-oriented funds consider other client objectives such as earning sustainable yield or dampening overall portfolio volatility. These objectives can also be combined with global return seeking funds or liability driven pools which aim to match the projected cash flow liabilities within a given client's plan.
"Now, more than ever, our clients are interested in pairing asset management decisions with their liabilities and defining investment strategy around the two. Our funds support that approach," said Boston.
Some of the services currently being offered under the Asset & Risk Management banner include:
- Dynamic De-risking Strategies
- Outcome-oriented Investment Solutions
- Implemented Consulting
- Investment programs for Closed Defined Benefit Plans
About Morneau Shepell Asset & Risk Management Ltd.
Established in 2012, Morneau Shepell Asset & Risk Management was launched as an extension of Morneau Shepell's asset and risk services department to help achieve targeted investment outcomes for clients and provide pension plan sponsors with a new investment approach and asset allocation. By pioneering the outcome-oriented style of investing, Morneau Shepell Asset & Risk Management assists investors by emphasizing downside protection, reduced volatility, and controlled risk.
About Morneau Shepell Inc.
Morneau Shepell is the largest company in Canada offering human resources consulting and outsourcing services. The Company is the leading provider of Employee and Family Assistance Programs, as well as the largest administrator of retirement and benefits plans. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity, and improve their competitive position. Established in 1966, Morneau Shepell serves more than 8,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 3,300 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.
SOURCE: Morneau Shepell Inc.
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