Industry News

Insurers still feeling crisis’ aftershock

Canadian life insurance companies took fewer hits than their American counterparts during the financial crisis but the market convulsion continues to influence their near-term outlook. Changing consumer attitudes and reduced income from investments and fees remain a challenge, even as the crisis lets up, according to expert panelists speaking earlier today at the A. M. […]

By Art Melo |September 10, 2009

3 min read

AIMA’s new chair to focus on lessons of ’08

The last year was a brutal one for the alternative investment fund industry, but with the worst seemingly behind the new head of Alternative Investment Management Association of Canada (AIMA) hopes the lessons learned from the downturn will ultimately strengthen the industry. Gary Ostoich has been named the new chair of AIMA. He succeeds Phil […]

By Mark Noble |September 9, 2009

4 min read

Scotia realigns wealth management units

Scotiabank has announced plans to bring together several areas of the bank to improve its overall asset management operations and to grow its wealth management division. “We have been growing consistently and convincingly and see this as an opportunity to further support our ability to drive organic growth,” said Glen Gowland, president and CEO, Scotia […]

By Rayann Huang |September 9, 2009

2 min read

Leveraged ETFs not bogeyman: Hallett

Critics of leveraged exchange traded products probably don’t understand how to use them properly, according to leading independent investment fund analyst Dan Hallett. “I think the first lesson is to read the prospectus thoroughly,” Hallett says. “This I think is at the core of any of the criticisms that are out there. Had investors in […]

By Steven Lamb |September 9, 2009

5 min read