Industry News

GrowthWorks abandons efforts to buy Crocus

A court ruling that leaves his proposal to take over what’s left of the Crocus Investment Fund “dead in the water” has not deterred David Levi from entering the Manitoba market. The CEO of Vancouver-based labour-sponsored fund GrowthWorks Capital says he has begun the process of launching a new fund, which could be available to […]

By Renée Alexander |December 14, 2006

3 min read

Briefly:

(December 13, 2006) Sarbit Asset Management has launched a new website — www.sarbit.com — offering more information on the firm’s current lineup of five funds. “We’re proud to introduce our new website, which features our larger family of funds and incorporates more features that investors and advisors look for from fund companies today,” says Larry […]

By Staff |December 13, 2006

2 min read

Wealth inequality gap widens, even among the rich

The rich really are getting richer, but the poor are also falling further behind. That’s the finding from the latest Statistics Canada study on the inequality of wealth between 1984 and 2005. Between 1984 and 1999, the real (adjusted for inflation) wealth of Canadians grew approximately 10%. It grew even faster in the years that […]

By Mark Brown |December 13, 2006

4 min read

Briefly:

(December 12, 2006) The British Columbia Securities Commission has levied fines totalling $65,000 against two Vancouver men who admitted to spreading false information about a publicly traded company. Firoz Jinnah and Ingo W. Mueller have agreed to pay the BCSC $25,000 and $40,000, respectively. The two men cannot be directors or officers of any company […]

By Staff |December 12, 2006

3 min read