Gestion Ferique, manager of the Ferique Funds, has State Street Global Advisors, Ltd. (SSgA) as portfolio adviser of the Ferique BOND Fund, replacing Addenda Capital Inc., the company reported Friday.The appointment takes effect Dec. 2.SSgA has nearly $2 billion invested in “Index Plus” bond mandates. Behind the firm’s success in this asset class is a […]
Name changes, new funds and closures announced as part of annual prospectus filing
Equity investors eye U.S. corporate profits
20% of firms expected to report negative margins in 2008
12 portfolio managers leaving
O’Shaughnessy Asset Management (OSAM) has bought back a 10% equity stake from a subsidiary of J.P. Morgan, which it acquired through its purchase of Bear Stearns earlier this year, the firm announced Tuesday.With this transaction, approximately 89% of OSAM is owned by employees and their immediate family members. Royal Bank of Canada, for which OSAM […]
ScotiaMcLeod has changed the portfolio advisors on two of its funds, the division of Scotia Capital Inc. announced on Thursday. Effective Jan. 6, 2009, Thornburg Investment Management, Inc. will become portfolio advisor for the Pinnacle International Equity Fund, replacing Wellington Management Company, LLP. Based in Santa Fe, New Mexico, Thornburg is an employee-owned investment management […]
Makeover includes new funds, new series, corporate class structure, and more investment managers
Toronto-based fund company Ark Fund Management Ltd. has agreed to take over management of the frontierAlt Opportunistic Global Fund from Toronto-based frontierAlt Funds Management Ltd., the companies announced on Wednesday. The agreement, which is subject to unitholder and regulatory approval, will result in the name of the fund changing to Ark NorthRoad Global Fund. In […]
Scotia Securities Inc. announced Wednesday that a portfolio advisor change will occur with the Scotia Global Climate Change Fund.On Dec. 9, State Street Global Advisors will no longer serve as portfolio advisor to the fund. Scotia Securities will announce a replacement portfolio advisor on or before that date.The fund offers investors diversified global exposure to […]