Firm cited confusion in decision to leave Net Zero Asset Managers initiative
Higher net interest income may be the only bright spot for Canadian banks in 2023
Focus on greenwashing has heightened regulatory risk for ESG funds, managers
Research finds institutional investors' strategies, portfolios increasingly driven by ESG concerns
Both asset values and client flows could be challenged in year ahead
The company is moving away from property operations to refocus its business as an investment manager
Challenging markets have led to lower assets, sales
The firm also plans to migrate $14 billion of Aligned Capital assets to its in-house custody platform
Shareholders approved plan to spin off asset management business
Strategic revamp delays profitability, carries execution risk