Industry News

Briefly:

BluMont Capital Corporation has completed merging the BluMont Canadian Opportunities Fund and the BluMont Hirsh Long/Short Fund into the BluMont Core Hedge Fund. As a result of the merge, the Canadian Opportunities Fund and the Long/Short Fund were terminated on Aug. 7, 2009. The exchange ratio is based on the net asset value of the […]

By Staff |August 11, 2009

2 min read

Venture financing in freefall

Canada’s venture capital activity continued to fall in the second quarter, according to a report by Canada’s Venture Capital & Private Equity Association (CVCA). The pace of venture activity in the second quarter was down 42%, compared to 34% in the first quarter of 2009. In nominal dollars, 2009 Q2 had the lowest amount of […]

By Rayann Huang |August 11, 2009

2 min read

Briefly:

Certain parts of the Canadian economy are showing signs of improvement, according to market analysis by reinsurance giant, Swiss Re. Real gross domestic product is expected to decline by 2.4% this year; however, with small and gradual improvements in certain sectors, GDP is expected to rise by 2.1% next year. Assuming oil prices remain in […]

By Staff |August 10, 2009

2 min read

Regulators finally clarify EMD requirements

Under the new National Instrument 31-103, commonly referred to as registration reform, there is the ability for market participants to apply for exempt market dealer status (EMD). The Canadian Securities Administrators has announced the requirements to obtain EMD status, which greatly reduces the regulatory burden under the new national securities registration. Coming into effect nationally […]

By Mark Noble |August 10, 2009

3 min read