BlackRock Picks Off Top Canadian Talent

February 14, 2018 by SWC Editors

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Over the past week, Canada's PSP Investments lost its president and CEO to BlackRock; Alaska's sovereign wealth fund delivered stong performance even as its fee structure attracted political scrutiny; and asset managers reported a slowing pace of redemptions by sovereign funds – the lowest level since the oil-price crash in 2014. BlackRock Hires PSP Investments' CEO André Bourbonnais New York-based asset-management giant BlackRock is busy bagging top Canadian investment talent. For the second time in less than two years, BlackRock has lured a leading government pension-fund executive to join its ranks: André Bourbonnais, former President and CEO of PSP Investments, has left the C$139.2 billion ($110.8 billion) fund – which manages retirement savings for the Public Service, the Canadian Armed Forces and the Royal Canadian Mounted Police, among others – to join BlackRock later this year to lead a new initiative within BlackRock Alternative Investors. Bourbonnais’ move follows…

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