The newly appointed CEO of Mackenzie Investments plans to use global strategies and product innovations to provide more options for retail clients
Gerard Ferguson is launching J2 Capital Management, which is buying Jemmek Capital Management and two funds from Front Street, the firm he led from February to July
The merger represents a response to declining assets in active management
Tapping this growing demand from investors would sustain active management fees
Dennis Starritt will join the firm as a shareholder and portfolio manager
The Montreal-based firm is looking to leverage the purchase of London, U.K.-based Charlemagne “to become a truly global asset manager”
The existing regulatory system already addresses many of the FSB’s concerns about systemic risks posed by asset managers, says SIFMA AMG
Management fee cuts and portfolio manager changes
The firm is also introducing a mutual fund focusing on Toronto’s bustling real estate market
Industry veteran Joe Canavan will lead the combined firm