Industry

CIBC names two new Renaissance managers

CIBC Asset Management has announced portfolio manager changes for its Renaissance Canadian Core Value Fund and Renaissance European Fund. Wintergreen Advisers have been named sub-advisor on the foreign component of the Canadian Core Value mandate, effective September 1, 2011. Wintergreen is already sub-advisor for the Renaissance Global Markets Fund. On the European fund, CIBC Global […]

By Staff |August 16, 2011

1 min read

Manulife Mutual Funds narrows shelf

Manulife Mutual Funds has announced plans to merge certain funds, which would result in the termination of four trust funds and two corporate class mandates. The mergers will be effective on or about November 4, 2011. “We regularly examine our mutual fund lineup to ensure each fund is meeting its objectives. Following the most recent […]

By Staff |August 16, 2011

2 min read

S&P may face investigation over downgrade

While markets opened higher today, traders can take a bit of solace in the possibility of a little revenge in store for the S&P downgrade that tipped off last week’s equity market carnage. The U.S. Securities and Exchange Commission, which has jurisdiction over ratings agencies, is said to be taking a look at Standard and […]

By Staff |August 15, 2011

1 min read

RBC Capital Markets names European execs

RBC Capital Markets has announced two key executive appointments to its European leadership team. Harry Samuel, currently global co-head of fixed income and currencies and global head of treasury services, has been appointed chief executive officer, Europe, RBC Capital Markets. David Thomas, currently global head of technology and operations, has been appointed chief operating officer, […]

By Staff |August 15, 2011

2 min read