Consolidation continues in Canada’s hedge fund industry, as BluMont Capital has entered into a binding agreement to acquire Northern Rivers Capital Management. Financial details of the purchase were not disclosed but the deal is expected to close in February, 2010. Northern Rivers management team will be integrated into BluMont, which is the retail subsidiary of […]
The past year seems to have done extensive damage to the willingness of Canadians to save for retirement, according the 20th annual RBC RRSP poll. As its name suggests, RBC conducts an annual poll to gauge the retirement goals and savings habits of Canadians. Conducted by Ipsos Reid, this year’s national survey of nearly 1,500 […]
A proposed clearinghouse for trading in repurchase agreements (repos) is expected to greatly enhance the efficiency and safety of Canada’s short-term fixed income market. TMX Group’s Canadian Derivatives Clearing Corporation (CDCC) has been commissioned by the Investment Industry Association of Canada (IIAC) to develop the infrastructure for central-counterparty services to the Canadian fixed income market. […]
The absence of an industry-wide electronic life insurance application (e-app) system has been a headache for years. CLIEDIS, the Canadian Life Insurance Standards Association, believes it will be able to finally create the template for working e-app system at its upcoming executive summit. The organization has put out an invitation to senior decision makers at […]
The market turmoil has created a significant shift in the risk tolerance of affluent investors, which will likely force advisors to re-examine the way they deal with this important group of investors, according to a study commissioned by the Mackenzie Private Client Group. The Mackenzie Private Client Group commissioned Investor Economics Strategy Consulting to undertake […]
There has been myriad research and speculation that sector outperformance in the markets may have as much to do with the time of year as it does with fundamentals. Now Horizons AlphaPro has created a new actively managed exchange traded fund that will try to capitalize on seasonal proclivities of investors. The advent of sector […]
Looking to maximize your client’s yield? The best place to look may be in high quality dividend paying equities, a study by CIBC Capital Markets suggests. Low-risk bonds and GICs are currently paying negligible interest. As a result there has been a huge upswing in investors moving capital cash instruments and putting it to work […]
There’s a big change in the Quebec advisor market, with PEAK Financial Group purchasing the investment and insurance distribution business of Promutuel Capital Financial Services Firm Inc. PEAK, a growing independent mutual fund and insurance dealer will further expand its size by 30%, acquiring $1.5 billion in assets from Promutuel’s mutual fund and life and […]
For Canadian investors, there may be no better place to be right now than Canada. Some fund providers are suggesting clients consider retrenching back to Canadian holdings amidst an outlook that could see Canada as the leading performer of the developed world. Earlier this week, the Canadian division of SEI launched Canadian Focused Portfolios. Most […]
In what is likely for many to have been the most trying year of their careers, it appears advisors have two things to be thankful for – Tax Free Savings Accounts and long-term investment horizons. Although the Advisor Group’s latest Dollars & Sense survey of advisors doesn’t find tons to cheer about, it does determine […]