Horizons AlphaPro Gartman Fund has closed its initial public offering of 4.85 million Class A units and approximately 0.65 million Class F units of the fund for gross proceeds of more than $55 million, AlphaPro Management Inc. said Thursday.The Class A units are listed for trading on the Toronto Stock Exchange under the symbol HAG.UN.The […]
Former Bank of America investment banker hired into NYC office
The Federation of National Specialty Societies of Canada (FNSSC) and Sprott Asset Management Inc. have formed a strategic relationship, the organizations announced Wednesday.FNSSC and Sprott also announced the upcoming launch of the FNSSC-Multi Manager Fund on April 2. Offered exclusively to all Canadian medical and surgical specialists and their families, the objective of the fund […]
Ontario budget on deck
A $231 million writedown on investments led DundeeWealth Inc. to record a loss for 2008, the company said Wednesday.The company said it lost $186.7 million, or $1.31 per share, in 2008 compared with a loss of $59 million, or 42¢ share, in 2007.Revenue for the year totalled $819.4 million, down from $1 billion the previous […]
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Garth Drabinsky and Myron Gottlieb, co-founders of now now-defunct theatrical production company Livent Inc., have been convicted on fraud and forgery charges.Justice Mary Lou Benotto of Ontario Superior Court in Toronto ruled Wednesday that Drabinsky and Gottlieb were guilty of fraud and forgery in their running of Livent in the mid-1990s.Prosecutors had maintained that Drabinsky […]
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Series AK to yield 6.25% annually