Single-manager hedge funds withstood market swings and regulatory reforms in the first half of 2012, with reported assets under management rising by 5.23% to $1.892 trillion. Total fund assets rose to 2.3 trillion.
Ontario Securities Commission has approved settlement with Boaz Manor and other key figures in the multimillion-dollar Portus financial scandal.
Last week, SEC chairwoman Mary Shapiro axed the decision to put proposed new regulatory reforms of U.S. money market funds to a vote. It’s alleged many of the commissioners planned to vote against the proposed changes, for fear they’d have too great an impact and cause investors to seek riskier alternatives. Read: Income solutions for […]
Since Facebook’s flop this spring, the tech IPO market has collapsed. By June, not a single company had ventured to go public, compared to 19 IPOs posted by June of last year. Instead, as many as 14 offerings were withdrawn or delayed, says Dealogic. These included Tria Beauty, maker of laser hair removal devices, and […]
Mark Carney says Canada's publicly traded companies aren’t taking advantage of ultra-low interest rates.
If the global economy fails to grow substantially in coming months, further stimulus will be essential, says the minutes of the Fed's July 31-August 1 Federal Open Market Committee meeting.
Sun Life Financial recently expanded its services; the company teamed up with the Canadian Football League to offer financial planning aid to all players across the league’s eight teams. The main goal of the partnership is to provide athletes with financial support and help them prepare for their post-football years. Read: Living dangerously? Then insure […]
U.S. auditors may face more stringent regulatory oversight, after the PCAOB's first regulatory report revealed deficiencies in their reports and techniques.
The benchmark S&P 500 index reached its highest level in more than four years yesterday, reports Financial Times. It hit 1,426.68, its highest intraday rise since 2008. The jump surprised investors, as trading volume is traditionally light during the summer, and very few sessions have seen major moves this month. The rise was driven by […]
Global demand for gold is declining, with buyers in India and China continuing to pare purchases due to weak global growth. Financial Times reports the halt in consumption is driving down prices and depressing the profits of gold miners like Barrick Gold and Newmont, as well as hedge fund managers. Read: Foreign investors reducing Canadian […]