Industry

Russell report: Fund managers challenged by rally

(July 21, 2003) Mutual fund managers may have been too cautious in the second quarter, shying away from debt-ridden companies that have powered the recent rally of the S&P/TSX Composite Index, according to the Russell Canadian Active Manager report. “The average share price appreciation of the 20 companies within the index having the greatest debt-to-equity […]

By Steven Lamb |July 21, 2003

2 min read

International fund association sets up shop in Montreal

(July 21, 2003) The city of Montreal has been unveiled as the first home office for the International Investment Funds Association (IIFA), an umbrella group representing investment fund associations in 42 countries. The office’s main job will be to coordinate the association’s annual conference, IFIC announced at a news conference today in Montreal. “This has […]

By Doug Watt |July 21, 2003

2 min read

Hanging up: U.S. to restrict advisor cold calling

(July 21, 2003) The United States is moving ahead with a plan to restrict unsolicited telemarketing phone calls, a change observers say could spell the end of “cold calling,” a popular method among some advisors to generate new sales leads. The Federal Trade Commission, which regulates the U.S. communications industry, will introduce a “do not […]

By Doug Watt |July 21, 2003

3 min read

Briefly:

(July 25, 2003) Hedge fund firm Norshield Financial has launched the Univest Global Fund, a fund of funds that Norshield says allows investors to customize their exposure to funds held within Univest. The fund offers investors access to eight hedging strategies overseen by 17 managers. The Univest fund and its affiliated funds already have a […]

By Staff |July 21, 2003

4 min read