Desjardins closing two equity funds
IBrix funds to close in March 2019
- By: Anne-Marie Vettorel
- November 14, 2018 October 17, 2019
- 12:25
IBrix funds to close in March 2019
The advisor used an active trading strategy to produce more than $1 million in commissions from trading for three senior clients over five years
Investment manager Allianz Global Investors is acting as subadvisor
The firm has added 16 advisory teams from a year ago while client AUA rose by 54.3% year-over-year
A combination of factors is responsible for the improvement
New funds invest in preferred shares and corporate bonds
One of the men was permanently banned by the OSC in 2008
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Both also recorded positive net sales in February, SIMA reports