T.E. Investment Counsel Inc., the manager and portfolio advisor of Jov Prosperity Funds, and JovFunds Management Inc., the administrator of the Prosperity Funds, announced today that, effective November 1, JovFunds will become the manager of the Prosperity Funds.According to the two companies, the change is being made in order to gain further cost efficiencies in […]
Companies urged to rein in borrowing as credit crunch bites
MDTA replaces Wellington Management
Pax World Management order to pay US$500,000 penalty
81% of growth managers beat the benchmark
Mackenzie Financial Corp. announced Thursday that it will substitute two of the six portfolio management teams that currently manage Mackenzie Focus Fund and Mackenzie Focus Class, effective August 29.The funds’ roster of managers will include Jerry Javasky, head of Mackenzie’s Ivy Funds, and David Ginther, a U.S. dividend equity specialist with Waddell & Reed Financial […]
Goodman & Co. and Aurion replace Bernstein & Co.
The Ontario Teachers’ Pension Plan (Teachers’) has announced the promotions of seven executives in the Investment division. The appointments include: Stephen Dowd, senior vp, infrastructure; Ron Mock, senior vp, alternative investments; Jason Chang, vp, fixed income capital management; Kevin Kerr, vp, onfrastructure; and Andrew Claerhout, Shael Dolman and Glen Silvestri to vp, Teachers’ Private Capital.“These […]
Inflation fears abate as recession risks loom larger
Foyston, Gordon & Payne replaces Howson Tattersall