Investments

The true cost of beta: Part Two

So how does one go about getting alpha? The only way is to get off the benchmark and loosen investment constraints such as limits on short selling, portfolio concentration, and types of markets and securities allowed in the portfolio.

By Guy Lalonde |August 18, 2011

6 min read

The true cost of beta: Part One

There are two components of an active portfolio’s return. Beta is passive and stems from simply being invested in the market. The other, alpha, stems from a manager’s skill in selecting investments that will add return above what the market gives on its own.

By Guy Lalonde |August 17, 2011

4 min read

CIBC names two new Renaissance managers

CIBC Asset Management has announced portfolio manager changes for its Renaissance Canadian Core Value Fund and Renaissance European Fund. Wintergreen Advisers have been named sub-advisor on the foreign component of the Canadian Core Value mandate, effective September 1, 2011. Wintergreen is already sub-advisor for the Renaissance Global Markets Fund. On the European fund, CIBC Global […]

By Staff |August 16, 2011

1 min read

Manulife Mutual Funds narrows shelf

Manulife Mutual Funds has announced plans to merge certain funds, which would result in the termination of four trust funds and two corporate class mandates. The mergers will be effective on or about November 4, 2011. “We regularly examine our mutual fund lineup to ensure each fund is meeting its objectives. Following the most recent […]

By Staff |August 16, 2011

2 min read