On The Shelf:

(February 21, 2008) Alternative investments firm frontierAlt Funds Management has renamed its All Terrain World Fund the Opportunistic Global Fund.

The rebranding reflects the merger of the firm’s All Terrain Canada Fund into its All Terrain World Fund, which was completed in January. Both funds were managed by Avenue Investment Management, which continues to manage the new fund.

“The fund will continue to employ a deep value style for equities and will look at debt securities that the managers deem to be mispriced,” said Kurankye Sekyi-Otu, president, frontierAlt. “We believe these new strategies play well to the strengths of the team at Avenue, providing investors a unique mutual fund given the current equity market environment.”

BMO expands U.S. fixed income business

(February 21, 2008) BMO Capital Markets is beefing up its U.S. fixed income business by hiring five municipal bond sales and trading professionals.

The group, which consists of Richard Bodkin, Randall Laible, Charles Montgomery, Edward Murphy and John Zubak, is based in Chicago and used to go under the moniker LaSalle Financial Services.

They’ll be responsible for selling municipal bonds to BMO’s institutional and corporate clients across the U.S.

“We have added an extremely experienced team that will further enhance BMO’s existing fixed income and municipal bond capabilities,” says Charlie Piermarini, executive managing director and head of debt products and securitization for BMO Capital Markets. “It has been our intention to strengthen and grow this business. We are thrilled that our clients will now have the benefit of a 20-person stronghold team that will provide highly regarded service and advice for those seeking exposure to this part of the market.”

(02/21/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.