Court orders Emerge Capital Management to repay employees who lent it money
Cheques for partial repayment to Emerge Canada employees bounced: court documents
- By: Melissa Shin
- August 13, 2024 September 10, 2024
- 12:22
Cheques for partial repayment to Emerge Canada employees bounced: court documents
The wholesale figures reflect a broad, steady slowdown in price increases
The company says its AUM stood at $1.47 trillion at quarter end, up $98 billion from last year
Deal includes about 2,050 clients and $250 million in assets
The Canadian bank will pay a total of about US$2.8 billion for a 14.9% stake in the company
NovaTech allegedly took more than US$650 million from investors globally
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Former registrant filed the application in Superior Court of Quebec
Finance leaders say the actions will hurt consumers
The transaction will see CI GAM’s AUM increase to roughly $170 billion
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
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Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
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