Industry News

Berkshire communicates to clients on Portus

(May 4, 2005) After months of silence, Berkshire has finally sent a memo to clients whose advisors referred them to Portus, the hedge fund firm currently under investigation by Ontario regulators. Although the memo states that Berkshire is concerned about the ongoing situation at Portus, it stops short of offering clients any protection, such as […]

By Doug Watt |May 4, 2005

2 min read

AIC fund back in U.S. equity category

(May 4, 2005) The Canadian Investment Funds Standard Committee (CIFSC) has moved AIC’s American Focused fund back to the U.S. equity category in the wake of the departure of manager Larry Sarbit. The fund was moved to the specialty/miscellaneous category last year because Sarbit held too much cash to meet the requirements of the U.S. […]

By Doug Watt |May 4, 2005

2 min read

Clients more willing to talk about health coverage

(May 4, 2005) Disability insurance sales are on the decline, in part because many advisors are not well prepared to talk about health with their clients. Insurance companies however say the latest rise in awareness of products like critical illness insurance are bringing health and disability matters back into advisor/client discussions. “Now with critical illness […]

By Kate McCaffery |May 4, 2005

3 min read

Falling loonie props up mutual fund returns

(May 3, 2005) Most foreign equity funds ended in positive territory in April, says Morningstar Canada, as the Canadian dollar lost ground against other world currencies. Still, it wasn’t a stellar month for fund performance in general, with 20 of Morningstar’s 32 fund categories ending in the black. “Canadians will no doubt be pleasantly surprised […]

By Doug Watt |May 3, 2005

2 min read