Industry News

U.S. legislators set sights on hedge funds

The days of footloose and fancy-free hedge funds may be nearing an end. A movement is afoot by both U.S. legislators and regulators to force hedge funds to comply with a greater range of securities laws. Erik R. Sirri, director of the U.S. Securities and Exchange Commission’s Division of Market Regulation, testified before the Financial […]

By Mark Noble |July 11, 2007

2 min read

Briefly:

(July 10, 2007) A former B.C. government official has been named as the new head of Vancouver City Savings Credit Union. Tamara Vrooman, the ex-deputy minister of finance and secretary to the treasury board for the B.C. government, will be the credit union’s new CEO starting September 1. “We are delighted to have found someone […]

By Staff |July 10, 2007

3 min read

Loring Ward sells wealth management division

Loring Ward International has struck a deal to sell virtually all of the assets and liabilities associated with Loring Ward Capital Management, its private client division. The Monarch Wealth Advisory Group, a company controlled by Jeffrey B. Wheeler, has agreed to purchase the capital management business. Dependent on the performance of the sold business, Loring […]

By Mark Noble |July 10, 2007

2 min read

Interest rate hike no cause for concern

In probably the least surprising move of the year, the Bank of Canada announced Tuesday that it is raising interest rates by 25 basis points to 4.5%. The move comes as a result of a stronger than expected economy and a soaring Canadian dollar. “The Bank judges that the economy is now operating further above […]

By Bryan Borzykowski |July 10, 2007

3 min read