Hedge funds sector took a hit in August
Variety of factors pushed many funds lower during the month
- By: James Langton
- September 17, 2007 September 17, 2007
- 13:12
Latest news in Industry News
August sees $1.5 billion in net fund redemptions
Fund industry’s first setback since October 2004 sparked by volatile markets
- By: James Langton
- September 17, 2007 September 17, 2007
- 11:25
UBS AG outlook lowered by Fitch Ratings
Firm cites ongoing market volatility in third quarter
- By: James Langton
- September 17, 2007 September 17, 2007
- 09:38
British authorities to provide liquidity support facility to Northern Rock
Decision to provide support reflects difficulty firm has had in accessing longer-term funding
- By: James Langton
- September 16, 2007 September 16, 2007
- 09:32
Canada’s alternative marketplaces about to go mainstream, new study finds
Nine out of 10 money managers in Canada plan to use alternative marketplaces for some of their equity trading in 2008, a big jump from…
- By: IE Staff
- September 16, 2007 September 16, 2007
- 07:41
CNQ approves new dealers
Goldman Sachs, Acker Finlay also gain access to Pure Trading, which launched on Friday
- By: IE Staff
- September 14, 2007 September 14, 2007
- 09:25
TD Ameritrade finds unauthorized code in its systems
But data experts report that client assets remain secure and there is no evidence client data was taken
- By: James Langton
- September 14, 2007 September 14, 2007
- 08:04
Odlum Brown rolls out PriceMetrix productivity program across sales force
Advisors who use the program can develop more effective and efficient service models
- By: IE Staff
- September 13, 2007 September 13, 2007
- 14:27
BMO implements independent review committee
The IRC will provide independent oversight regarding conflicts of interest involving publicly offered BMO-managed investment funds
- By: IE Staff
- September 13, 2007 September 13, 2007
- 10:25
California Teachers hire Acuity for sustainable investment mandate
Program will use members’ dollars to help address environmental issues such as climate change
- By: IE Staff
- September 12, 2007 September 12, 2007
- 15:49
Scotiabank Group to acquire controlling interest in Dominican pension fund administrator
Firm has over half a million affiliates and RD$6.5 billion in AUM
- By: IE Staff
- September 11, 2007 September 11, 2007
- 16:15
BMO putting more emphasis on branch sales
Chicago-Based Harris Bank particularly well-positioned to weather difficulties facing U.S. housing market
- By: IE Staff
- September 11, 2007 September 11, 2007
- 09:53
Investment professionals call for more action on asset-backed commercial paper market
The Investment Counsel Association of Canada is proposing specific measures to restore and maintain investor confidence
- By: IE Staff
- September 10, 2007 September 10, 2007
- 14:18
Franklin Templeton acquires stake in Riva Financial Systems
Acquisition supports firm’s long-term goal of having flexible, portable and scalable solutions across the regions where its funds are sold
- By: James Langton
- September 10, 2007 September 10, 2007
- 14:12
ABCP exposure won’t be a problem for most U.S. banks: report
Earnings likely to come under pressure at banks with substantial investment banking operations
- By: James Langton
- September 7, 2007 September 7, 2007
- 08:40
TSX Group secures option to purchase NetThruPut
Purchase price of electronic trading platform for crude oil dependent on NTP earnings
- By: IE Staff
- September 6, 2007 September 6, 2007
- 15:20
Prospera chooses Qtrade for wealth management
Deal expands on online brokerage partnership
- By: IE Staff
- September 6, 2007 September 6, 2007
- 14:50
CWB reports record quarterly earnings and revenues
Strong performance from both operating groups
- By: IE Staff
- September 6, 2007 September 6, 2007
- 12:55
New commitment by banks shortens cheque holding times, says FCAC
Hold period drop to four days once electronic cheque imaging is fully integrated into the clearing process
- By: IE Staff
- September 6, 2007 September 6, 2007
- 11:10
Laurentian Bank reports strong Q3 earnings
Revenue climbs 9%
- By: IE Staff
- September 6, 2007 September 6, 2007
- 09:55
RBC Centura pays US$1.6 billion for Alabama National
Deal expands RBC Centura's network to more than 440 locations throughout Southeastern U.S.
- By: IE Staff
- September 6, 2007 September 6, 2007
- 08:50
Canada’s well-being relies on improved literacy skills: TD Bank
Raising literacy levels is a national imperative, McKenna says
- By: James Langton
- September 6, 2007 September 6, 2007
- 07:35
Market turmoil curbs fund sales in August
IFIC estimates net redemptions fall between $1.3 billion and $1.8 billion
- By: James Langton
- September 6, 2007 September 6, 2007
- 07:30
Co-operators prepares to expand in Quebec
Insurer appoints Tremblay head of Quebec operations
- By: IE Staff
- September 5, 2007 September 5, 2007
- 14:10