Industry

Briefly:

(February 19, 2008) Tye Bousada, who last month resigned as the high-profile lead manager of AIM Trimark’s flagship Trimark Fund, announced the creation of a his new firm, EdgePoint Capital Partners. The firm has already attracted one big name shareholder in no other than Trimark pioneer Robert (Bob) Krembil. Krembil, through his holding company Chiefswood […]

By Staff |February 19, 2008

2 min read

Boomers must lower expectations or save more: Survey

For many of Canada’s baby boomers, their perception of retirement will not match reality unless they start saving more, according to a new study put out by Fidelity Investments Canada. According to the 2007/2008 Fidelity Retirement Survey, which polled 1,000 Canadians who were age 45 or older, the majority of employed Canadian baby boomers — […]

By Mark Noble |February 19, 2008

4 min read

Briefly:

(February 15, 2008) Loring Ward International has formed a special committee to review and evaluate an unsolicited takeover bid from its largest shareholder, Werba Reinhard Holdings Ltd. In a press release issued on Friday, the company questioned whether the proposed offer is bona fide, pointing out that the offer constitutes an “insider bid” under Canadian […]

By Staff |February 15, 2008

2 min read

January worst month on record: IFIC

January 2008 has been deemed the worth month on record for redemptions of long-term mutual funds, the bread and butter of the retail fund industry, according to the latest data from the Investment Funds Institute of Canada. If not for incredibly strong sales of money market funds, the industry would have ended the month in […]

By Mark Noble |February 15, 2008

3 min read