The Institutional Investor Flashcards
Up until the mid-1960s, the primary financial intermediaries were
banks and life insurance companies
7 types of institutional investors
- Pension plans
- Mutual funds
- Insurance companies
- Endowments
- Charitable foundations
- Family trusts/estates
- Corporate treasuries
two regulators oversee the majority of
firms and individuals involved in the creation, management, sale and distribution of financial products and services
- The Office of the Superintendent of Financial Institutions
- Provincial and territorial securities regulators
Office of the Superintendent of Financial Institutions (OSFI) supports…
the government’s objective of “contributing to public confidence in the Canadian financial system,”
An institutional investment fund’s governance typically involves the following organizational structure: (4)
- Board of trustees
- Investment committee (and its staff)
- Investment consultant
- Investment manager
fund’s board of trustees is ultimately responsible for
all aspects of the fund’s operation
The investment committee focuses on
The investment management aspects of the fund’s operations.
investment consultants duties
- Assist in establishing a IPS
- Recommend investment managers
- Ensure that policy guidelines are met.
- Monitor returns and provide reports to the investment committee quarterly
- Inform the investment committee regarding any changes to a fund’s investment management
Who is in charge of DB plans in a company?
the corporate treasury department
