David picton and Michael Mahoney, a pair of managers who cut loose from CI Mutual Funds Inc. to launch their own Toronto-based firm last November, are gathering momentum with their momentum-based money management strategy. Operating under the name Synergy Asset Management, the managers have formed an independent firm that still enjoys the benefits of a […]
Claringtonfunds inc. and Sun Life Financial Inc. are introducing a new type of “life cycle” investment fund in Canada that combines the concept of a guarantee on the principal amount invested with other innovative features such as a resetting of the guarantee as the fund rises in value. The funds have a predetermined life span, […]
Mortgage lenders are becoming increasingly creative in their efforts to attract borrowers in a heated housing market that shows no sign of simmering down. One of the latest innovations is an interest-only mortgage; the principal is not repaid until the mortgage matures or is refinanced.The product has carved out a niche in the U.S., where […]
With his recent appointment as manager of AGF American Growth Fund, Tony Genua has landed an important role in the strategy to turn around the fortunes of Toronto-based AGF Funds Inc.“I’m excited about the opportunity to bring the flagship fund back,” says Genua, a 27-year money-management veteran who joined AGF in mid-January after six years […]
John montalbano, newly appointed president of Vancouver-based Phillips, Hager and North Investment Management Ltd., foresees an increasingly competitive arena in the money management business, and expects that high investment returns may be harder to come by than in the past. If so, PH&N is in “the sweet spot,” he says, with its reasonable fees and […]
In the month or so since the federal budget proposed removing the 30% foreign-content restrictions on Canadian pensions and registered plans, some companies have moved quickly to adapt to the expected new environment. In these cases, companies have eliminated or absorbed the higher management fees that clones charge, or have started to dismantle the clones’ […]