Industry

Battle brewing over NYSE

There is a new twist in the tale of global exchange consolidation. Nasdaq OMX Group and Intercontinental Exchange (ICE) have made a $11.3 billion hostile bid for NYSC Euronext, adding a 19% premium to the proposed Deutsche Boerse deal announced February 10. Analysts on both sides of the Atlantic have pointed out that the latest […]

By Vikram Barhat |April 1, 2011

2 min read

Scotia names new Pinnacle American advisor

Scotia Asset Management has named Herndon Capital Management as portfolio advisor on the Pinnacle American Value Equity Fund, effective on or about April 29, 2011, replacing Metropolitan West Capital Management. Atlanta-based Herndon Capital is an institutional investment management firm specializing in large cap equity strategies.

By Staff |April 1, 2011

1 min read

Wellington West refutes takeover rumour

Top executives from Wellington West have categorically refuted a story in today’s Globe and Mail that the firm was in takeover talks with Montréal-based National Bank. Kish Kapoor, president of Wellington West Holdings Inc. summarily dismissed the suggestion as pure speculation. Kapoor shared with www.advisor.ca a copy of a staff circular emailed this morning to […]

By Vikram Barhat |March 31, 2011

2 min read

Top six frauds and scams

The Ombudsman for Banking Services and Investments (OBSI) has issued a list of the frauds and scams that top its Most Frequent Complaints list. Here’s a list you can share with clients—and guard against yourself. 1) Debit and credit card fraud: Keep your cards in a safe place, use different PINs for each card, don’t […]

By Staff |March 31, 2011

2 min read