Industry News

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Industry

Tactico launches Tactex Asset Management

Tactico Inc. has announced the acquisition of Canadian portfolio management firm, Westmount Markets Inc., which will be rebranded as Tactex Asset Management. The new company will provide portfolio management services to both retail and institutional investors. Liam Cheung, managing director of Tactico, will assume the role of Tactex CEO. Tactico vice-president Brendan Magill will serve […]

By Staff |April 13, 2011

1 min read

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Industry

AGF seeks Acuity fund mergers

AGF Investments has called special investor meetings to seek approval for mergers between the core AGF funds and overlapping Acuity funds. AGF sealed the Acuity purchase in February, and there was some speculation that the SRI-focused Acuity might disappear within the larger firm. So far, that does not seem to be the case. “The majority […]

By Staff |April 13, 2011

2 min read

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Industry

IIROC settles with Maison Placements

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Maison Placements Canada Inc. With this agreement, Maison Placements has admitted that it failed to comply with its best price obligation, and did not adopt policies and procedures to ensure compliance with […]

By Staff |April 13, 2011

1 min read

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Industry

Time to diversify beyond Canada’s resources

The past few trading sessions have demonstrated the dangers of being too concentrated in the commodity-heavy TSX. While global growth is expected to continue, demand for metals and energy has a tendency to fall off when there’s a whiff of inflation. The commodity play has been extremely lucrative for Canadian investors for the better part […]

By Staff |April 13, 2011

3 min read