Industry News

Decorative pattern

Pension losses mount in Q1: RBC Dexia

Retail money managers tend to keep a close eye on what “the smart money” is doing. With pension funds holding billions of dollars, the advice they can afford typically qualifies. Pension fund managers extended their losing streak in the first quarter of 2009, after getting beaten up like the rest of the market in late […]

By Steven Lamb |April 22, 2009

2 min read

Decorative pattern

Refinancing is attractive, penalties aren’t

After the Bank of Canada’s overnight rate dropped to just 25 basis points, most of the country’s major lenders responded by reducing their prime lending rates. And with current rates at uncharted lows, it may be worth taking a penalty to refinance at a lower rate. With rates having fallen so far, so fast, the […]

By Mark Noble |April 22, 2009

4 min read

Decorative pattern

Critical mass crucial for pensions: OMERS

Big pension plans have something that small pension plans need, says the head of one of Canada’s largest public pension plans. It’s the capacity to do due diligence, Michael Nobrega, president and CEO of OMERS to the Conference Board of Canada’s annual pension summit in Toronto on Monday. In reviewing the global financial crisis, he […]

By Scot Blythe |April 21, 2009

3 min read

Decorative pattern

Infrastructure not just for pensions anymore

Infrastructure investing was a fast growing asset class well before the financial crisis. Billions of dollars in government stimulus money has now been earmarked to this asset class, adding even more depth and opportunity. If used properly, infrastructure can create a nice sustainable income yield. For the most part, infrastructure projects have long been the […]

By Mark Noble |April 21, 2009

5 min read

Decorative pattern

Briefly:

The latest bit of good news that is trickling out points to growing investor confidence on three continents. Global investor confidence rose by 9.4 points from a revised March level of 70.2 in the State Street Investor Confidence Index for April 2009. According to State Street, confidence is up in all three regions that were […]

By Staff |April 21, 2009

3 min read

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Briefly:

GMP Private Client has established a partnership with Benefaction, a charitable public foundation, to provide clients and investment advisors with access to customized charitable giving program. GMP Private Client’s Charitable Giving Program provides clients with two options for their philanthropic donations: direct giving or donor advised funds. Benefaction handles the administration of funds, fulfills the […]

By Staff |April 20, 2009

6 min read

Decorative pattern

Pensions in a funding crisis: Survey

The financial crisis has raised concerns among Canadian executives about both defined benefit (DB) and defined contribution (DC) pension plans, according to Watson Wyatt’s sixth annual Survey of Pension Risk. The survey of 161 chief financial officers and vice-presidents of human resources reveals finds 88% of respondents believe DB plans are in a widespread funding […]

By Mark Noble |April 20, 2009

3 min read

Decorative pattern

Tracking error (Blythe on blogs)

It seems odd that crisis brings out vigorous debate, while good times encourage a certain placidity. Certainly, no one’s ready to say it’s time to jump back in the water again, — the underlying assumptions have not changed. But one has to wonder whether there would be so much spirited comment if there were not […]

By Scot Blythe |April 17, 2009

5 min read

Decorative pattern

IIROC calls for disclosure on OTC trades

A proposed rule change and guidance note published April 17 by the Investments Industry Regulatory Organization of Canada would amend existing requirements by mandating yield disclosure for fixed income securities, including bonds, on OTC markets. If approved, the rules would require dealers to include disclosures on confirmations sent to retail clients if the firm’s remuneration […]

By Philip Porado |April 17, 2009

2 min read

Decorative pattern

Beware the

Carrying a high dividend yield is not a sign a strength in this bear market, a Merrill Lynch study warns. If anything, high yields should be viewed as red flag rather than an incentive to invest. Rapid and extreme price depreciation on U.S. stocks has created what Savita Subramanian, head of U.S. quantitative strategy for […]

By Mark Noble |April 17, 2009

3 min read

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