Industry

Lawyer raises red flag over leveraging

(May 13, 2003) Borrowing to invest has become common practice in the mutual fund industry, but lawyers say the leveraging strategy can be fraught with danger for both advisors and their clients, particularly in a bear market environment. “Leveraging is like the iceberg that hit the Titanic,” said Jim Douglas, a partner with Borden Ladner […]

By Doug Watt |May 13, 2003

3 min read

Despite high-profile shifts, fund sub-advisors hold steady

(May 12, 2003) Mutual fund manufacturers moved more fund management in-house and cut their ties to sub-advisors in 2002. It’s not just mutual fund managers who are seeking more control of asset management. Segregated funds operated by the insurance companies are following the same route. Despite the dip, however, sub-advisors are holding their ground, in […]

By Scot Blythe |May 12, 2003

5 min read

Wise persons’ committee seeks public input

(May 9, 2003) To attempt to broaden debate, a federal committee reviewing the current system of securities regulation in Canada is asking for public opinion on the subject. The “wise persons’ committee,” appointed by federal Finance Minister John Manley in March, released a consultation paper yesterday. “Our committee’s objective is to have active involvement of […]

By Doug Watt |May 9, 2003

2 min read

IDA beefs up proposed disclosure requirements for research analysts

(May 9, 2003) The IDA has revised its proposed policy on research analyst standards, increasing the levels of disclosure required. The changes reflect comments received from securities regulators across the country and amendments to similar rules in the U.S. Policy 11, which the IDA has been working on since 2001, deals with conflicts of interest […]

By Doug Watt |May 9, 2003

2 min read