Industry

Briefly:

(October 2, 2003) BMO Investments Inc. has announced its intention to merge several of its funds and rename its “BMO Global Opportunities Class” as “BMO Global Equity Class,” pending regulatory and fundholder approval. Affected funds include BMO Far East Fund and BMO Latin American Fund which will be merged into BMO Emerging Markets Fund. BMO […]

By Staff |September 29, 2003

6 min read

Manulife’s U.S. power play includes Canadian prize

(September 29, 2003) Dig beneath the mega-dollar headlines relating to Manulife Financial’s proposed takeover of Boston’s John Hancock Financial Services and you’ll find the deal also includes Maritime Life, a subsidiary of Hancock since 1969. If the agreement is approved, the Maritime name will essentially disappear as the Halifax-based firm is merged into Manulife’s Canadian […]

By Doug Watt |September 29, 2003

3 min read

Canadian fund trading scams unlikely, consultant says

(September 26, 2003) A mutual fund trading scandal that has been called a “black eye” for the U.S. fund industry probably could not happen in Canada, according to a well-known industry consultant. Earlier this month, Canary Capital agreed to pay $30 million US in restitution and a $10 million US fine following an investigation by […]

By Doug Watt |September 26, 2003

2 min read

Looking for a few good advisors: Richardson Partners prepares to open its doors

(September 26, 2003) Canada’s newest investment dealer will officially open for business next week. Richardson Partners Financial, a Winnipeg-based boutique firm focused on the high-net-worth market, hopes to add 150 blue chip advisors to its team over the next two years. “Our Winnipeg office will be open in October and the Toronto office will be […]

By Doug Watt |September 26, 2003

2 min read