Trailer fees temporarily suspended
Igra failed to ensure clients qualified as accredited investors
ScotiaMcLeod Tuesday announced a change in portfolio advisor for the Pinnacle Global Real Estate Securities Fund. Effective July 1, Forum Partners Europe (UK) LLP will replace Citigroup Alternative Investments LLC. The investment team at Forum Partners will consist of the same individuals together previously at Citigroup Alternative Investments LLC. “This change in portfolio advisor will […]
Crown Hill Fund said Tuesday that the special meeting of the fund held on June 29 to consider the reorganization of the fund was adjourned to Monday, July 13.The first step in the reorganization involves the formation of a joint venture between the fund and its manager, Toronto-based Crown Hill Capital Corp., that will hold […]
Westwood Management Corp. has been appointed as sub-advisor for the RBC Private U.S. Value Equity Pool, RBC Asset Management Inc. said Tuesday. The appointment is effective July 1. Westwood was founded in 1983 with a focus on serving primarily institutional clients. The firm manages over US$7 billion in assets with a value-oriented approach to investing […]
Declines in manufacturing, energy and retail trade
IA Clarington Investments Inc. said Monday that the mergers of its closed-end funds announced in March were completed on June 26.As a result of the mergers, the Clarington Diversified Income + Growth Fund and Focused 40 Income Fund were terminated and merged into the IA Clarington Tactical Income Fund (formerly the IA Clarington Diversified Income […]
Moody’s Investors Service hasassigned a long-term deposit rating of Aa2 and a short-term deposit rating of P-1 to the CIBC Mellon Trust Co., CIBC Mellon said Monday.Moody’s also affirmed CIBC Mellon’s bank financial strength rating (BFSR) of B-, its long-term issuer rating of Aa2 and its stable rating outlook.“The ratings recognize our strong relationship with […]
Alepian appointed TMX head of marketing