Burlington, Ont.-based AIC Ltd. plans to eliminate the performance fee for AIC American Focused Plus Fund. Launched in 2001, the fund has had a performance fee equal to 20% of the increase in the net asset value attributable to each class of units of the fund in any calendar year. The fee was split equally […]
Migraine sufferers have long known that certain foods are no-nos when it comes to their neurological well-being. Now Canada’s estimated three million migraine sufferers might want to consider the role of another food — caffeine — but as a treatment for migraine pain.Experts estimate roughly a third of all migraines are triggered by particular culinary […]
Raymond James advisor juggles twice-a-weekday radio reports with a bustling practice serving more than 350 households
Precise placement of acupuncture-like needles into muscle areas brings relief to some people with muscle and back pain or headaches
Toronto-based fund manager Goodman & Co. Investment Counsel Ltd. has joined the throng of mutual fund companies that have closed their RRSP portfolios as a result of the elimination of the 30% foreign-content ceiling. Effective Aug. 12, 2005, investors in the following funds will receive the equivalent value of their investments in the corresponding portfolios: […]
Toronto-based Arrow Hedge Partners Inc. has launched Arrow Distressed Securities Fund. Since its inception in 2003, the fund has only been available for investment as part of Arrow Multi-Strategy Fund and Arrow Global Equity Long/Short Fund. Managed by New York-based Schultze Asset Management, the fund invests in U.S. distressed debt and undervalued equity securities, and […]
Toronto-based Jovian Capital Corp. has announced that its wholly owned subsidiary Accumulus Management Ltd. is involved in the launch of Province of Manitoba Portfolio Allocation Notes, Series 1. The notes are linked to a portfolio of 16 income trusts and stocks, and pay quarterly coupons equal to 100% of the ordinary cash distributions on the […]
Shareholders of Franklin Templeton Investment Corp.’s China Tax Class Fund have voted in favour of changes that will see the fund invest in Brazil, Russia and India, in addition to China, effective immediately. The fund, which has been re-named Templeton BRIC Tax Class, will continue to be managed by Mark Mobius. “Changing the mandate of […]
Hot on the heels of acquiring $276 million in mutual fund assets from ING Investment Management Inc., Toronto-based AGF Management Ltd. has launched two new funds. AGF Dividend Income Fund, created from the assets of the newly acquired ING flagship fund of the same name, and AGF U.S. Risk-Managed Class are the newest additions to […]
Regardless of their career channels, all complain about their legal and compliance departments but couldn’t operate without them