Industry News

Briefly:

(December 16, 2005) Arrow Hedge Partners says the new Arrow Japan Long/Short Fund is now available for purchase. The equity hedge fund uses a long/short strategy, focused on generating absolute returns by investing in Japanese stocks. The portfolio is relatively concentrated, with 70 to 90 positions held at any one time, Arrow says. “We believe […]

By Staff |December 12, 2005

12 min read

CRA warns on RCA abuses

An internal letter suggests Canada’s tax authorities intend to crackdown on what they consider abusive use of retirement compensation arrangements (RCAs). In a recent newsletter, Retirement Compensation Funding Inc. (RCF) pointed to CRA’s response to a question from an assessment office on the deductibility of employees’ contributions to an RCA. CRA used the case as […]

By Doug Watt |December 12, 2005

2 min read

M&A activity surges in 2005

Low interest rates and strong corporate balance sheets drove an increase in Canadian merger and acquisition activity in 2005, according to a report by KPMG Corporate Finance. “Last year KPMG Corporate Finance reported a turning point in what had been a declining market,” says Peter Hatges, a corporate finance partner in KPMG’s Canadian advisory services […]

By Steven Lamb |December 12, 2005

3 min read

CARP denies trust leak rumour

The focus on income trusts has gone from tax leakage to policy leakage, ever since the Finance Department proposed deterring conversions by cutting dividend taxes. Suspicions about an insider information leak have been running rampant since dividend paying company shares enjoyed an otherwise impromptu rally, just hours before the November 23 proposal was released. The […]

By Steven Lamb |December 9, 2005

2 min read