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Picton Mahoney Asset Management today announced that the Picton Mahoney Market Neutral Equity Fund Class A and Class F will be closed to new investments on April 30, 2011. The last date for subscription is April 29, 2011. This decision was made in light of the strong level of capital inflows into the fund and […]
By Staff |April 4, 2011
2 min read
Industry
Claymore Investments has launched non-hedged common units of its Claymore Gold Bullion ETF. The fund is designed to provide unitholders with exposure to physical gold bullion, on a fully allocated basis, passively holding physical gold bullion. It does not anticipate making regular distributions. “The Claymore Gold Bullion ETF has done a great job of providing […]
By Staff |March 31, 2011
1 min read
JovFinancial Solutions Inc. has announced Hahn Investment Stewards & Company will assume the sub-advisory role for three of its funds, effective April 1, 2011. “Hahn has one of the longest track records in the world managing ETF-only global portfolios,” said Grant Rush, president of JFSI. “With their demonstrated knowledge and experience, we expect our partnership […]
By Staff |March 30, 2011
AlphaPro Management is seeking investor approval for the merger of one of its ETFs, giving unitholders a choice of two ETFs into which it will be merged. Under the proposal, Horizons AlphaPro Managed S&P/TSX 60 ETF (ticker symbol HAX) would be merged into either Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF (HEW), or into […]
By Staff |March 28, 2011
Hedge funds lagged the overall market in February, as the best performing category mustered only have of the growth of the S&P 500, according to EDHEC-Risk Institute. The U.S. broad market index turned in a gain of 3.43% for the month, while CTA (Commodity Trading Advisors) global funds returned 1.72%, making it the best hedge […]
By Staff |March 18, 2011
AlphaPro Management has announced the launch of a new exchange traded fund that employs a covered-call strategy on a portfolio of 30 of Canada’s largest stocks. The Horizons AlphaPro Enhanced Income Equity ETF began trading today on the TSX. The ETF manager, Eden Rahim, vice-president and portfolio manager with JovInvestment Management, will write primarily near-term, […]
By Staff |March 17, 2011
Omega ATS has announced that its subscribers will be able to trade US securities, quoted in Canadian dollars, on its platform effective April 1, 2011. The first tranche of securities will include Bank of America, Google, Microsoft and several ETFs that trade on the NYSE, NASDAQ and AMEX. “Bringing U.S. securities onto the venue shines […]
By Staff |March 15, 2011
Goodman & Company, Investment Counsel Ltd. has announced a series consolidation for Dynamic Power Hedge Fund, which will see Series A and Series F units reclassified as Series C and Series FC units, respectively. Series A and F would be terminated. In the depths of the global financial crisis in 2009, the manager added high […]
By Staff |March 14, 2011
The Toronto CFA Society has named the first recipient of their newest award, the Toronto CFA Society & Hillsdale Canadian Investment Research Award. The honour goes to Dr. Pauline Shum, finance professor at the Schulich School of Business, York University, for her research paper “The Long and Short of Leveraged ETFs: the Financial Crisis and […]
By Staff |March 10, 2011
Claymore Investments has announced the launch of the Claymore Short Duration High Income ETF. The goal of the ETF is to maximize total returns, consisting of both tax efficient monthly distributions and capital appreciation, and to preserve capital. “We continue to believe that good income products are critical for Canadian investors,” said Som Seif, president […]
By Staff |March 1, 2011
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