Investments

Manager of the year

Gerald Coleman, Morningstar Canada’s 2008 Manager of the Year, is in a buying mood. The founder and head of the Harbour team of managers at CI Investments Inc. has a long history of letting cash pile up when he can’t find any investment opportunities to his liking. But increasingly, the price is right for Coleman, […]

By Diana Cawfield |December 1, 2008

3 min read

Analyst report

Hanif Mamdani, lead manager of PH&N High Yield Bond, attempts to mitigate the inherent peril of high-yield bonds by focusing on the area of the credit spectrum where “junk” meets “investment grade.” There are significant risks in the fund right now, stemming from the point we’re at in the credit cycle, and the nature of […]

By Al Kellett |December 1, 2008

3 min read

Prime hedge fund worries

The collapse of Lehman Brothers didn’t just take down the whole investment banking model of Wall Street; it also put the squeeze on a significant number of other investments, including principal-protected notes and hedge funds. Lehman’s PPNs, while notionally powered by various stock indexes, were actually senior unsecured obligations for a company now in bankruptcy. […]

By Scot Blythe |November 26, 2008

5 min read

Institutional replication could smooth returns

One of the key highlights from this downturn may very well be the performance difference between portfolios modelled after a traditional asset allocation mix, and those that emulate an institutional asset mix. Advisors may have to take a hard look at their client asset allocation and consider emulating institutional portfolios. For almost 30 years, the […]

By Mark Noble |November 18, 2008

5 min read