Industry

Briefly:

(August 1, 2007) HUB International Limited has entered into an agreement to acquire the Rigg Group, one of the largest Texas-based insurance brokers. Rigg’s subsidiaries include Wm. Rigg Co., a retail insurance brokerage; Rigg Insurance Managers Inc., a wholesale insurance brokerage; and Rigg Life Agency, a life and benefits brokerage. Rigg employs approximately 235 people. […]

By Staff |August 1, 2007

2 min read

Bad quarter for active managers, but the future could be bright

Despite faltering in Q2, active managers could see their returns rise over the next three months. The Russell Investments Q2 Active Management Survey reported that only 53% of Canadian investment managers beat the S&P/TSX Composite Index, down from 65% in Q1. However, Philip Lee, a fund analyst with Morningstar Canada says the market’s current volatility […]

By Bryan Borzykowski |August 1, 2007

3 min read

Briefly:

(July 31, 2007) Social investing just got a huge boost, as Credential Financial became the country’s first wealth management provider to join the Social Investment Organization. Joining the SIO as an associate member is a natural move for Credential. Its sister organization, the Ethical Funds Company, is the country’s leading manager of socially responsible mutual […]

By Staff |July 31, 2007

3 min read

Templeton Growth Fund talks up bargain U.S. equity

If the Canadian bull market is slowing down, your clients should consider taking their loonies across the border and buying blue-chip U.S. equities at bargain prices. So says Lisa Myers, the high-profile lead manager of Franklin Templeton’s flagship, Templeton Growth Fund. Myers, who gave a keynote address at Franklin Templeton’s Outlook and Opportunities Forum in […]

By Mark Noble |July 31, 2007

3 min read