Deal with McMillan supports firm’s growth strategy
Deal will allow CDI to provide an enhanced range of services to institutional investors
O’Leary Global Income Opportunities Fund completed its initial public offering for aggregate gross proceeds of $102 million, O’Leary Funds Management LP announced Friday. The IPO consisted of 8.5 million units issued at a price of $12 per unit.The fund has granted the agents an over-allotment option to acquire up to an additional 1,275,000 units.The initial […]
Dean Tai will be retiring as CEO of Coventree Inc. as part of ongoing workforce reductions during the orderly wind down of operations, the company said Friday.Tai has also resigned as a director of Coventree and decided not to stand for re-election as director at the company’s next annual meeting.Coventree has agreed to pay Tai […]
BMO, Scotiabank release Q1 earnings
Rating agency Standard & Poor’s has placed long-term issuer credit rating of the Caisse de dépôt et placement du Québec on “credit watch with negative implications” for the next three months.The AAA long-term rating is the highest in Canada.“We continue to believe the Caisse’s ability to meet all its financial obligations is strong,” S&P stated.The […]
Loan growth tempered by substantial ABCP provision
Ridgewood Capital Asset Management Inc. plans to terminate Ridgewood Global Equity Fund, effective April 30, the company announced Friday.As a result, the investment activities of the fund will be suspended and, effectively immediately, the fund will be closed to new purchases of units.“This decision was made primarily as a result of the small number of […]
Fund plans conversion to corporation