The Supreme Court has given the go-ahead for investors to launch a class-action suit against fund companies involved in market timing in the early 2000s.
Mackenzie Investments says it will now make important U.S. tax information about their funds available to those who need to complete American returns.
The Supreme Court of Canada has dismissed an appeal from fund companies, making them vulnerable to class-action lawsuits even if they settle with a regulator.
Americans living in Canada who have money with Fidelity Investments are getting a helping hand on their taxes.
SEI Investments Canada wants to terminate five funds.
Carol Bezaire, vice-president of tax and estate planning at Mackenzie Investments, breaks it down. It’s clear why the government targeted these funds: their derivative structure means CRA gets less than if investors bought bonds directly.
Mackenzie Investments, Invesco and BlackRock are each launching funds for DIY investors.
Firms announce fund name changes.
Vertex One Asset Management is launching the Vertex Arbitrage Fund. It’s suitable for individual investors and institutions seeking absolute returns with low monthly volatility.
The global industry is growing but may face long-term challenges.