CIBC Asset Management adds Hamon to its investment manager lineup
Hamon Investment Management will be the sub-advisor of the Talvest China Plus Fund and the Talvest Asian Fund
- By: IE Staff
- May 2, 2007 May 2, 2007
- 15:55
Hamon Investment Management will be the sub-advisor of the Talvest China Plus Fund and the Talvest Asian Fund
Gross and net premiums decrease year-over-year
Total AUA increased 22%; shareholders’ net income rose 88%
Elkins/McSherry report says costs on the exchange improved from Q4, when it was still ranked first
However, Q1 represents the first quarter that NYBOT is included in ICE’s financial results
National Bank of Canada and BNP Paribas intend to make Innocap Investments Management Inc. the leading provider of managed accounts for investors worldwide
Firm sees 20% increase in net income and 14% increase in premiums and deposits in Q1
The firm is also undertaking several new shareholder initiatives
Less than half of Canadian equity funds outperformed the benchmark S&P/TSX composite index
Citigroup aims to become a major provider of hedge fund and mutual fund services with the acquisition
Success during the quarter demonstrated the continued progress of the bank’s business model
Strong performance from income trusts
Purchase of Rockwater plays role in increase
But EBITDA declines, leading to net loss for quarter
Loss of Clarington revenue leads to drops across the board from Q1 2006
Deadline for having new independent review committees in place is Tuesday
Operating ROE of 13.5% up 30 basis points over previous year
For Canadian-based Hubs, quarterly revenue increased 7%
The firm’s assets grew almost 36% from a year earlier
Convergence would reduce overlap and promote efficiency, among others
With the divestiture, AGF’s remaning operations represent its core business
Automobile claims, premium declines posed significant challenges for the insurance firm
The firm will deploy capital into profitable growth opportunities
Almost two-thirds of large-cap equity managers beat the TSX composite index, the highest proportion in three years
Net proceeds will bolster Equitable Trust’s Tier 1 regulatory capital and provide a foundation for growth