Toronto-based RBC Asset Management Inc. will wind up RBC Private U.S. Equity Pool on April 28. The company cites the pool’s small size and limited growth potential as the reason for its decision. The pool will be closed to purchases effective Mar. 1. Unitholders have until April 28 to redeem their units; those remaining after […]
Bernard Greene has been named manager of the Newfoundland and Labrador portfolio of GrowthWorks Atlantic Venture Fund, effective immediately. “The fund is committed to a regional investment program that sources and invests in the best companies throughout Atlantic Canada,” says Thomas Hayes, GrowthWorks Atlantic’s president and CEO in Halifax. Greene will be responsible for recommending […]
Claymore Investment Inc. has launched a new exchange-traded fund, ClaymorETFs FTSE RAFI Canadian Index Fund. The fund has selected the FTSE RAFI Canada index as its benchmark. Based on fundamental index weightings, the top five constituents of the index are Royal Bank of Canada, BCE Inc., Alcan Inc., Bank of Nova Scotia and Manulife Financial […]
Ethical Funds Co. in Vancouver has announced a change in the management of Ethical Global Equity Fund. Effective April 18, Manning & Napier Advisors Inc. will assume management of the fund, replacing Rockefeller & Co. Inc. “Our strategy is to identify managers who can deliver performance over an entire market cycle. Managing portfolio risk while […]
Vancouver-based Qtrade Fund Management Inc. has changed the portfolio manager of its QFM funds. Effective immediately, OceanRock Capital Partners Inc., also of Vancouver, will step in as manager, replacing Cornerstone Investment Counsel Ltd.
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Bringing in new blood while keeping old hands happy is more fruitful than raiding rivals for veterans, says managing director
Mackenzie Financial Corp. is changing the portfolio managers to two of its funds, effective March 1. Jerry Javasky, head of Mackenzie’s Ivy Funds team, and Alan Pasnik, lead portfolio manager of Mackenzie Maxxum Global Explorer Capital Class, will assume co-manager duties of Mackenzie Select Managers USA Capital Class. Javasky and Pasnik will join two existing […]
Cambridge, Ont.-based socially responsible investment firm Meritas Mutual Funds has launched of its seventh fund, Meritas Monthly Dividend and Income Fund. Meritas says it is the first retail fund in the Canadian SRI market that combines management of Jarislowsky Fraser Ltd. and the social, environmental and governance research of Jantzi Research Associates. “We launched this […]
The board of directors of Toronto-based Retrocom Growth Fund Inc. has has established a committee to review and make recommendations on investment strategies and other efforts to protect the value of the fund’s shares, the company says. Retrocom has been suffering a run on redemptions in the past 12 months and, with the help of […]