Canada’s Financial Industry Newspaper | Investment Executive
WEBBy: IE Staff. Investment Executive has the latest news and analysis on investment products, industry news and securities regulation for financial advisors.
The Bridging Finance case - Investment Executive
WEBApr 24, 2024 — Bridging faces $40M bill from receiver, counsel. Court asked to approve two years worth of fees in ongoing receivership. December 8, 2023. 16:05.
Active U.S. Large Cap Managers Could Be Poised to Outperform
WEBAug 22, 2022 — A narrow U.S. market potentially sets stage for excess returns. Recent market conditions have posed formidable challenges for active U.S. large‑cap equity managers seeking excess returns relative to their benchmarks. By early 2022, the S&P 500 Index reached concentration and valuation levels not seen since the technology bubble …
Soundbites: Weekly insights on market trends and financial …
WEB5 days ago — Dustin Reid of Mackenzie Investments says market responded well to September’s unusually large half-point rate cut. Featuring: Dustin Reid. October 8, 2024. 13:55. Funds: Canada Life Canadian Core Plus Fixed Income Fund - mutual fund. Canada Life Canadian Core Plus Bond Fund - segregated fund. Fonds:
New direction for Richardson Wealth | Investment Executive
WEBJan 25, 2021 — As of Dec. 31, 2020, Richardson Wealth reported $30.3 billion in assets, up marginally from $29.3 billion at the end of 2016. The lack of clear direction also resulted in rival firms luring away advisors from Richardson Wealth. At the end of 2020, Richardson Wealth reported 162 advisory teams, down from 199 four years prior.
Fed pivot should create multiple tailwinds for fixed income
WEBSep 10, 2024 — Speaking on the latest episode of the Soundbites podcast, Sheldon described several bond-positive tailwinds, including inflation’s ongoing decline, expected rate-cuts from the Federal Reserve, and attractive starting yields and coupons. “Investors that are still underweight fixed income should reconsider increasing their allocation at …
PwC plans payouts to Bridging investors in 2024
WEBJanuary 22, 2024. 15:33. iStockphoto. Investors who were harmed in the collapse of alternative fund manager Bridging Finance Inc. are a step closer to getting some money back, but almost $300 million in disputed creditor claims must first be resolved. According to new filings in the firm’s receivership proceeding, Bridging’s court-appointed ...
Fed cuts key rate by sizable half-point | Investment Executive
WEBSep 18, 2024 — Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% target. The Fed’s policymakers also signaled that they expect to cut their key rate by an additional half-point in their final two meetings this year, in November and December. And they envision four more rate cuts in 2025 ...
Secret loan guarantee the basis of claim against Bridging fund: PwC
WEBAug 6, 2024 — 18:34. The receiver for failed alternative fund manager Bridging Finance Inc. (BFI) is recommending that a claim against Bridging’s flagship fund from a Chinese company be denied, alleging that the claim is based on a secret, improper loan guarantee. Earlier this year, the Ontario Superior Court of Justice appointed a former judge, Douglas ...
Investors must be free to talk to regulators: SEC
WEBSeptember 4, 2024. 17:46. iStockphoto. A U.S. brokerage firm and a couple of affiliated advisory firms have been sanctioned for signing confidentiality agreements with clients, which allegedly impeded their contact with regulators. On Wednesday, the U.S. Securities and Exchange Commission (SEC) announced settled charges against a New Jersey ...