Industry

Warming up to compliance

Does the sight of the compliance officer make you a bit nervous? When they come around, do you often catch yourself wondering what “somebody” did? If so, you’re not alone. The compliance officer has not traditionally been the average advisor’s favourite person. His or her job, in the eyes of many advisors, is to catch […]

By David Lister |December 1, 2010

8 min read

VenGrowth fight heads to court

Covington Fund’s bid for VenGrowth was center-stage at the firm’s AGM last week, commanding 73% of the “yes” vote. But David Levi, president of competing bidder, GrowthWorks, says he isn’t giving up. “It’s not over yet, by a long shot,” says Levi, who urged shareholders to vote “no” on the Covington deal. “There was an […]

By Sheila Avari |November 30, 2010

3 min read

Briefly: “AGF to buy Acuity” and more news

AGF Management Ltd. has agreed to buy investment management firm Acuity for $325 million in a cash-and-shares deal the company believes will boost its retail and institutional investment management business. AGF, a Toronto-based investment firm, said Tuesday that acquiring Acuity will raise its assets under management to $51 billion from $44 billion. “We chose to […]

By Staff |November 30, 2010

3 min read

TD’s Gorman sees equity strength in 2011

Investors can expect North American stock markets to rise for the third consecutive year in 2011, according to TD Waterhouse’s Investment Outlook. The U.S. equity indices will lead, with low double-digit returns, while the primary Canadian index should post high single-digit returns. Acknowledging that macroeconomic issues will continue, chief portfolio strategist Bob Gorman says: “In […]

By Steven Lamb |November 29, 2010

2 min read