Cash balances fall to lowest reading since mid-2007
New division combines Cundill, Howson Tattersall and Mackenzie institutional businesses
Global fund managers embrace emerging market equities
Canadian institutions have also been more conservative about embracing alternative asset classes
Shift reflects the breakdown in many algorithmic trading strategies during market turmoil
Growth expected to resume later in 2009
Fear over banks holds back equity recovery
Institutional investor hopes are higher than at any point since start of credit crunch
State Street Investor Confidence Index advances in January
Institutional investors looking for more action from governments