Industry News

Briefly:

Fidelity Investments has launched a new lineup of investment pools focused on high-net-worth clients. The new Fidelity Private Investment Program delivers institutional class management, focusing on risk management and capital preservation. “As their level of income and assets rises, high-net-worth investors are looking for investment managers that can provide unique investment opportunities, tax-advantaged solutions, low […]

By Staff |January 8, 2009

2 min read

Golombek: What Lipson means for investors

In a split 4-3 decision, the Supreme Court of Canada found that a Toronto couple, the Lipsons, engaged in abusive tax planning that offended the General Anti-Avoidance Rule (GAAR). Background The Lipson case, heard at the Supreme Court last April, actually began in 1994, when Earl and Jordanna Lipson wanted to buy a home. Jordanna […]

January 8, 2009

4 min read

Briefly:

Canadians have reached a 25-year low in optimism toward the Canadian economy, but they remain surprisingly upbeat about their personal financial situations, a new poll from POLLARA suggests. More than 9 out of 10 (91%) Canadians believe Canada is currently in a recession, up from 22% in January 2008. More than half (57%) believe the […]

By Staff |January 7, 2009

3 min read

Mackenzie’s Javasky announces retirement

Mackenzie Investments is losing one of its most seasoned and prolific fund managers, as Jerry Javasky, head of its Ivy investment team, announced he is retiring from the investment business. “Freedom 55” is the mantra of one of Mackenzie’s sister companies, but Javasky’s relatively young retirement age has surprised many industry observers, especially since he […]

By Mark Noble |January 7, 2009

3 min read