Industry News

Week in review: January 26-30, 2009

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |January 30, 2009

8 min read

Briefly: “Canadian GDP worse than expected” and more of Friday’s news

The Canadian economy contracted 0.7% in November, according to the latest data from StatsCan. That’s almost double the rate of contraction expected by economists, with a consensus estimate of 0.4%. In October, the decline had been just 0.1%. “The combination of the fall’s intense financial market volatility and the deepening global downturn caught up with […]

By Staff |January 30, 2009

4 min read

Downturn highlights value of non-correlation

The hedge fund industry is facing the most serious challenge in its history, due in no small part to the fact that many funds that marketed themselves as so-called alternative assets have fallen just as fast, and just as hard, as plain vanilla equity funds. But there are some mandates offering non-correlated performance. Anyone invested […]

By Mark Noble |January 29, 2009

4 min read

Investment managers defer to management: report

The near-collapse of the American financial system, and the global economic downturn it has caused, have proven the risks associated with lax corporate governance, yet many Canadian investment firms are doing little to hold management’s feet to the fire, according to a study on proxy voting. The eighth annual Key Proxy Vote Survey, conducted by […]

By Steven Lamb |January 29, 2009

2 min read