Industry News

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Briefly:

AlphaPro Management has announced the launch of the Horizons AlphaPro S&P/TSX 60 130/30 ETF, which is designed to track the performance of the S&P/TSX 60 130/30 Strategy Index. The 130/30 strategy uses over- and under-weight positions relative to the S&P/TSX 60. On each quarterly rebalancing day, the underlying index will include a core 100% long […]

By Staff |February 9, 2010

2 min read

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IA Clarington extends Aston Hill contract

IA Clarington has shored up its relationship with sub-advisory firm Aston Hill Financial, and its star fund manager, Ben Cheng, who leads the management team for three IA Clarington funds. The contract with Aston Hill has been extended for five years, with a new employment contract for Cheng, who leads the asset management team at […]

By Staff |February 9, 2010

1 min read

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AGF Management has been honoured as Corporate Community Champion by the Yee Hong Community Wellness Foundation. The award was presented at the foundation’s annual Dragon Ball fundraiser on Sunday. The award is given to a corporation that supports the non-profit foundation’s work in raising funds to maintain the four Yee Hong long-term care facilities in […]

By Staff |February 8, 2010

3 min read

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CSA rules tackle soft dollar practices, Pt. 2

Money managers direct business, or order flow, on behalf of client portfolios to brokers and dealers who effect the transactions in the appropriate marketplaces. And the fees or brokerage commissions charged often exceed what’s needed to cover the cost of straight execution. This excess can be used by money managers to obtain goods and services […]

By Susan Han |February 8, 2010

5 min read

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Canadians fuzzy about retirement goals

Retirement funding is a complex machine, with several moving parts. For many Canadians employer pensions and government benefits will make up the core of their retirement income. A recent RBC survey found 54% of Canadians expect their pension will be the largest source of income, but when asked what kind of pension they have, 19% […]

By Steven Lamb |February 8, 2010

3 min read

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SEC investigating staff over web use

• • • Reader Poll Blog Polls • • • Generally speaking, compliance and regulation attract cautious personalities, not prone to flouting rules and regulations. And then there’s the porn-surfing SEC manager. A regional supervisor of the U.S. Securities and Exchange Commission is under investigation for using his SEC computer to surf the web for […]

By Staff |February 5, 2010

1 min read

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Reader Poll: MFDA Panel regulations

According to the IFB, under current MFDA regulations surrounding Hearings Panels, there is no mechanism to compensate an advisor in any way if the case brought against him or her is found to be without merit. “Even when a Panel finds in the favour of the advisor, the MFDA can appeal the case requiring the […]

By Staff |February 5, 2010

1 min read

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The management of CI Capital Markets Inc. (CICM), formerly the Capital Markets group of Blackmont Capital Inc., has reached a deal to buy the firm from CI Financial. “This is the culmination of an undertaking that has been ongoing since early December,” says Jeff White, chief executive of CICM. “We have been able to secure […]

By Staff |February 5, 2010

3 min read

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Canaccord, Genuity reported in talks

Rumours that Canaccord Financial is on the prowl for an acquisition have gained traction. The Globe and Mail reports that Canaccord is in talks with Genuity Capital Markets. The combination of the two firms would bring together Canaccord’s expertise in junior resource companies and Genuity’s deal-making acumen. Citing unnamed “sources close to both investment dealers” […]

By Staff |February 4, 2010

1 min read

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SRI funds improving on social factors: survey

Canada’s socially responsible mutual funds appear to be doing better on issues like ESG screening and integration according to Corporate Knights magazine’s annual responsible investing guide. The survey scores more than 50 SRI mutual funds on performance and social factors, including proxy voting, engagement and ESG integration. “Our average CK Social Score (CKSS) rose this […]

By Doug Watt |February 4, 2010

2 min read

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