Uncertainty remains following action to relieve credit crunch
Mavrix Fund Management Inc. today announced that it would backstop the Asset Backed Commercial Paper (ABCP) held in the funds it manages. Mavrix says its funds that hold ABCP have approximately $327 million in assets, of which just under $4 million is ABCP.The company’s money market funds hold less than 3% of ABCP. As well, […]
New funds include a fundamentally invested “130/30” fund
Saint-Laurent named chairman
U.S. trade gap bigger-than-expected
Global investment professional wary of U.S. equity markets
Surging oil prices push U.S. trade deficit higher
Loonie dips below US98¢
Desjardins Securities duo failed to know their clients and properly monitor and assess their trading
Former Norbourg CEO Vincent Lacroix was found guilty of 51 fraud charges in Montreal today.Quebec provincial court Judge Claude Leblond handed down the verdict.Lacroix, the founder of the Montreal-based investment fund, was arrested in 2006 and charged with 51 counts of violating securities laws after his company was investigated by Quebec’s financial market regulator, the […]