Products

Hedge funds revise valuation policies

(April 2007) New mutual fund registration procedures will have an impact on hedge funds in Canada, says one expert. At the same time, an international industry body is promoting new valuation rules to deal with a rising phenomenon: illiquid investments. The Canadian chapter of the Alternative Investment Management Association organized a workshop this week for […]

By Scot Blythe |March 30, 2007

2 min read

Norshield dubbed potential

Questionable payments, overstated assets and faulty price calculations mean that investors in the Olympus United hedge fund of funds will likely see between 6 cents and 9 cents on the dollar for their $144 million investment. And the Olympus fund’s manager, Norshield Asset Management, will likely be the subject of a police investigation, based on […]

By Scot Blythe |March 26, 2007

7 min read

Demand-driven structured products attract regulators

Structured products may well be the new mutual funds. But financial innovation inevitably attracts regulatory scrutiny, suggests McCarthy Tétrault securities lawyer Ronald Schwass, especially when it comes to features and techniques that are not typically permitted in a mutual fund structure. Hence, it’s incumbent on advisors to attend to the details in new structured products. […]

By Scot Blythe |February 5, 2007

6 min read

CSA seeks hedge fund transparency

(January 2007) As the Canadian hedge fund industry continues to grow, regulation is on a lot of people’s minds. The Canadian Securities Administrators has addressed investor concerns with the release of a six-page report that says the securities framework that’s in place for hedge funds is “appropriate.” However, a few issues related to fees, marketing […]

By Bryan Borzykowski |January 17, 2007

3 min read