Industry News

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Alts capitalize on volatile market

There’s not a whole lot to cheer about in the markets lately, unless, perhaps, you’re in alternative investments. Market corrections and volatility are the proving grounds for many alternative investment funds to demonstrate why investors need to be wary about maintaining portfolios heavily dependent on the positive performance of equities. Phil Schmitt, chairman of the […]

By Mark Noble |August 21, 2007

4 min read

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(August 20, 2007) Muslim investors who want their investments to reflect their faith have a new option, as frontierAlt has announced the launch of Canada’s first Shari’ah-compliant income fund, the frontierAlt Oasis Global Income Fund. Adhering to Islamic law can be difficult for income managers because the religion prohibits the collection of interest on debts, […]

By Staff |August 20, 2007

4 min read

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Banks purge scrap paper from funds

In an effort to instill confidence in some of their mutual funds, National Bank and Desjardins Group have purchased all of the asset-backed commercial paper (ABCP) holdings from their subsidiary mutual funds. The move comes on the heels of an agreement struck last week between issuers of third-party ABCP debt and their lenders allowing the […]

By Mark Noble |August 20, 2007

3 min read

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(August 17, 2007) On Friday, the Investment Industry Association of Canada tried to assuage investor fears by saying the current market volatility “reflects the normal functioning of healthy, expanding capital markets.” Ian Russell, the IIAC’s president and CEO points out that the S&P/TSX index has more than doubled since 2003 and has increased by 30% […]

By Staff |August 17, 2007

3 min read

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Pension plans still healthy: Mercer

Over the past few months various reports have celebrated the strong health of pension plans, so it’s no surprise that Mercer Investment Consulting found similar results. In a report titled “Survey of Canadian Institutional Pooled Funds,” the firm states that pension plans increased from 84% in early 2007 to 89% in June. “The funding ratio […]

By Bryan Borzykowski |August 17, 2007

3 min read

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Less cash for Canadian start-ups: CVCA

Venture capital investment dropped sharply in the second quarter of 2007 to $426 million, representing a decline of approximately 30% from the $606 million invested in the previous quarter and a 12% drop from Q2 2006, according to a report released by Canada’s Venture Capital & Private Equity Association (CVCA) and Thomson Financial. Rick Nathan, […]

By Mark Noble |August 17, 2007

3 min read

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(August 16, 2007) A report from CIBC World Markets expects that financial markets will be able to bounce back from the current market downturn, which has been fuelled by worries about the U.S. sub-prime mortgage market and tightening credit. “Odds are that in the North American financial market, fear will be overcome by favourable economic […]

By Staff |August 16, 2007

4 min read

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ABCP agreement will try to stem liquidity crisis

Some of the country’s largest third-party providers of asset-backed commercial paper (ABCP) and their lenders reached an agreement Thursday that will attempt to stem a growing liquidity crisis in the ABCP market. The crisis has been a leading driver in the current Canadian market downturn. Many of the key institutional lenders to third-party ABCP providers […]

By Mark Noble |August 16, 2007

3 min read

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Market disruption language could hurt financials further

The financial industry has taken a huge hit in the past few weeks, but more problems could be just around the corner, warns one Fidelity Investments portfolio manager. Ken Anderson, a portfolio manager for Fidelity’s fixed-income division, says contagion is the biggest risk facing the markets right now. “We’re dealing first with the sub-prime mess […]

By Bryan Borzykowski |August 16, 2007

3 min read

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(August 15, 2007) On Wednesday the TSX Group announced that it is launching a new derivatives exchange. The DEX is set to begin operation in March 2009. The new exchange will list and trade options, futures and options on futures on a variety of Canadian securities. Also announced today, the TSX Group has secured exclusive […]

By Staff |August 15, 2007

3 min read

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