Industry News

Fair value’s

Fair value requirements are aggravating the credit crisis, as institutions are continually forced to write-down holdings, according to more than half of respondents to a new poll of chartered financial analysts (CFAs) — yet the same poll finds overwhelming support for fair value reporting. Fair value requirements, which are already in place in the U.S. […]

By Mark Noble |April 21, 2008

3 min read

Fixed income weathers storm: Morningstar

The so-called “smart money” — institutional money — has not fared much better than the rest of the industry. Nearly three out of every four pooled funds in Morningstar Canada’s database lost money during the first quarter of 2008, with the best returns coming from fixed-income funds. It should be noted that the institutional pooled […]

By Mark Noble |April 21, 2008

3 min read

Credential offers ABCP buyback deal

“Throughout the ABCP liquidity crisis, Credential Securities and our partner credit unions have been working hard to support our clients. We are proud of this joint effort and of securing a solution in the best interests of the vast majority of our ABCP investors.” says Bob Hague, interim CEO of Credential Financial. “Our focus now […]

By Mark Noble |April 18, 2008

3 min read

On The Shelf:

(April 18, 2008) Mackenzie Financial is making some changes to its Keystone Portfolio Funds and Keystone Partner Funds lineups. The firm will take over the investment management responsibilities for the Keystone AIM Trimark Global Equity Fund on June 16, replacing AIM Funds Management Inc. as the fund’s advisor. At that time the fund will be […]

By Staff |April 18, 2008

1 min read