Industry News

Decorative pattern

On The Shelf:

(January 31, 2008) Horizons Funds has appointed JovInvestment Management as portfolio manager of the Horizons Mondiale Fund, replacing Mondiale Asset Management, effective immediately. With the departure of Mondiale as manager, the fund is being renamed Horizons Global Contrarian Fund. The new manager has retained HCS Management Inc. to provide proprietary analytical tools that JovInvestment will […]

By Staff |January 31, 2008

1 min read

Decorative pattern

By The Book:

(January 31, 2008) The British Columbia Securities Commission is warning the public about investment frauds that use social networking sites to attract victims. “We are concerned scam artists are using social networking websites to lure people to meetings that may promote fraudulent or unsuitable investment products,” says Brenda Leong, BCSC executive director. “Investors need to […]

By Staff |January 31, 2008

1 min read

Decorative pattern

Briefly:

(January 31, 2008) Canadians appear to have reined in their spending over the holidays, according to a survey by credit management firm TransUnion. In a survey of 1,000 adults, the company found 36% had spent less using their credit cards than they had in 2006. One-third said they racked up about the same amount of […]

By Staff |January 31, 2008

1 min read

Decorative pattern

Leave to appeal granted in Kerry case

The Supreme Court of Canada has granted leave to appeal in the Elaine Nolan, et al. v. Kerry (Canada) et al. case. Plaintiffs had sought leave to appeal last year’s decision by the Ontario Court of Appeal, which is now open to reconsideration by the Supreme Court. In June, the Court of Appeal ruled that […]

By Craig Sebastiano |January 31, 2008

2 min read

Decorative pattern

Industry livid over OBSI’s move toward advocacy

The Ombudsman for Banking Services and Investments is set to expand its role in dispute resolution, and that has some members of the investment industry worried. Letters from the Investment Funds Institute of Canada and the Investment Industry Association of Canada made their way to OBSI over the last couple of days — the period […]

By Bryan Borzykowski |January 31, 2008

5 min read

Decorative pattern

On The Shelf:

(January 30, 2008) Islamic investing is hot right now, so it’s no surprise that another related index series has popped up. This time FTSE has teamed up with Yassar Research to launch the FTSE Shariah Global Equity Index Series. The new index uses asset-based debt screening, which is a more conservative approach to Shariah compliance. […]

By Staff |January 30, 2008

3 min read

Decorative pattern

Briefly:

(January 30, 2008) AGF Management Limited has released its results for fiscal 2007, posting a net income of $175.9 million, up 72.3% from $102.1 million in 2006. The company points out that it benefited from a $13.5 million recovery in income tax expenses, as federal corporate tax cuts took effect. “Strong financial results continued into […]

By Staff |January 30, 2008

2 min read

Decorative pattern

Tailor RRSP investment to risk reassessment

You have a client, you have a plan, and you have his or her RRSP contribution — that’s the easy part this year. The hard part is what to do with that money in a volatile market so you still have that client next year. If there is any consensus right now, it’s that the […]

By Mark Noble |January 30, 2008

6 min read

Decorative pattern

Active managers turn in dismal results

Active managers are likely feeling a bit down today, and it has nothing to do with the weather. Russell Investments Canada revealed on Wednesday that only 41% of active managers beat the S&P/TSX Composite Index in Q4, their worst performance in more than two years. Kathleen Wylie, senior research analyst at Russell, says the poor […]

By Bryan Borzykowski |January 30, 2008

3 min read

Decorative pattern

By The Book:

(January 29, 2008) The former president of Norbourg Asset Management has been sentenced to 12 years less a day in prison for his role in the collapse of the company. Vincent Lacroix was found guilty of fraud for transferring $115 million of investor capital into accounts he or his family controlled. About 9,200 investors were […]

By Staff |January 29, 2008

1 min read

← Previous 1 … 1,869 1,870 1,871 1,872 1,873 … 2,188 Next →