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Monday, May 20, 2024

General News

Industrial Alliance acquires BLC-Edmond de Rothschild Asset Management
Nov 04/04
Laurentian Bank and Industrial Alliance Insurance and Financial Services Inc. announced today that they have signed an agreement in principle for Industrial Alliance to acquire all of the shares of BLC-Edmond de Rothschild Asset M...Read more

SEC votes to oversee hedge-fund advisors: Seeks comment on IPO reforms
Oct 26/04
By James Langton: The Securities and Exchange Commission voted today to require hedge fund large hedge-fund operators to register with the federal agency and undergo routine inspections. The new rule will take effect in February 2...Read more

Oct 25/04
Saskatoon, SK, October 25, 2004 - Ives Business Services Inc. (“ives”) is pleased to announce the launch of two « next generation » hedge funds: The World of Synchrotrons (“TWS”) Performance Fund and the Family Circle 40/40 Option...Read more

RS survey outlines top market integrity risks
Oct 25/04
Insider trading seen as risk most likely to occur- A survey of Canadian equity trading practices by Market Regulation Services Inc. (RS) finds that manipulative trading, insider trading, front running, and failing to deliver best ...Read more

Canadian Hedges wage public battles against ill-conceived acquisitions, lacklustre directors
Oct 22/04
According to canada.com (The Financial Post) it used to be that stodgy pension funds and oddball gadflies were the only ones prodding Canadian companies to respect shareholder rights. Now, more hedge funds and other opportunistic ...Read more

Avenue Financial launches structured product
Oct 18/04
Avenue Financial Corp. today announced the launch of a structured share product by its affiliate Avenue Global Asset Management Inc. (AGAM), AGAM's series of three structured shares are available on a rolling close basis to accred...Read more

U.S. hedge fund performance up in September, S&P says
Oct 14/04
Rising energy prices, fed funds rate behind jumps in indices-- Standard & Poor’s says that escalating energy prices and a rising Federal Funds rate sparked U.S. hedge fund performance in September. The ratings agency said in i...Read more

Jovian acquires DeltaOne Capital Partners
Oct 13/04
Linder to continue relationship with oil and gas hedge fund advisor- Jovian Asset Management Inc. has acquired 100% of the issued and outstanding shares of DeltaOne Capital Partners Corp. (Canada). A preliminary deal was announced...Read more

Structured products lure investors
Oct 12/04
Globe & Mail- Tuesday October 12, 2004- Structured products lure investors- Higher risk yields better returns for those fed up with equity markets- By KEITH DAMSELL, MUTUAL FUNDS REPORTER- Short-selling, derivatives, puts and ...Read more

Big Banks, Like J.P. Morgan Chase & Co., Look to Hedge Funds for Growth, and Vice Versa
Oct 08/04
By MICHAEL J. MARTINEZ - NEW YORK (AP) - What's a major investment company to do when its ultra-high-worth clients _ the high rollers whose portfolios can rival the size of small mutual funds _ want to take their money away and pu...Read more

Hedge funds grab more in fees- Funds taking advantage of growing popularity
Oct 08/04
"Hedge funds are taking advantage of their growing popularity by boosting fees and grabbing a bigger slice of the high returns that made them so attractive in the first place," writes Gregory Zuckerman in today's Wall St...Read more

J.P. Morgan Incubator Strategies invests in Canadian hedge fund manager
Oct 07/04
Marret Asset Management Ltd., a high yield and specialty credit investment management firm based in Toronto, announces a significant capital investment in its offshore hedge fund by J.P. Morgan Incubator Strategies (JPMIS), a divi...Read more

Ontario Teachers' and the Caisse de depot et placement du Quebec Invest C$1.2 Billion to Help Form
Oct 05/04
Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan, and the Caisse de depot et placement du Quebec through its private equity unit have invested C$1.2 billion in the launch of Europe's newest a...Read more

Hedge fund market gets crowded- Too many short sellers: Ability to add value through shorting
Oct 01/04
Keith Kalawsky: Financial Post-- Like a two-pack-a-day smoker going cold turkey, a big-time U.S. hedge fund is giving up on short selling. As strange as that sounds, Steve Mandel at Lone Pine Capital LLC in Greenwich, Conn. is thr...Read more

Hedge Fund industry set for strong growth
Oct 01/04
http://www.ameinfo.com/news/Detailed/35281.html...Read more

Canadian Pension Funds Mull Hedge Funds, Hope to Boost Funding Levels
Sep 28/04
For the Ontario Teachers’ Pension Plan, hedge fund investing translated into a gain of C$340 million (US$267 million) in 2003, helping to combat lackluster returns and actuarial funding concerns....Read more

BluMont Capital Launches BluMont Man Multi-Strategy Series 4 Notes
Sep 28/04
BluMont Capital Inc. (“BluMont”) (TSXV: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has launched the fourth series of the BluMont Man Multi-Strategy Notes (“Multi-Strategy Series 4 No...Read more

VenGrowth getting into structured products
Sep 27/04
VenGrowth Capital Partners has announced the creation of a new structured products division and has tapped a former bank executive to lead the new firm. Ian McPherson, who comes to VenGrowth from National Bank Financial, has been ...Read more

Hedge-fund expert joins Norshield
Sep 27/04
Norshield Financial Group has appointed hedge fund industry veteran Tristram Lett as senior vice president, effective October 4. Lett has more than 20 years of experience as a portfolio manager and began managing hedge funds in 19...Read more

Leeward Hedge Funds Inc.
Sep 24/04
TORONTO, Sept. 24 /CNW/ - Leeward Hedge Funds Inc. ("Leeward") announced today that it exercises control or direction over, on behalf of accounts fully managed by it, including Leeward Bull & Bear Fund L.P., Leeward ...Read more

OSC targets 4 fund managers over market timing
Sep 22/04
Securities regulators in Ontario said Tuesday they have warned four mutual fund managers of possible enforcement action over alleged market timing improprieties. The Ontario Securities Commission said the fund managers were notifi...Read more

Jovian subsidiary launches protected note
Sep 22/04
Jovian Capital subsidiary Accumulus Management is launching the Accumulus TargetYield Protected Note Series 1. With 100% capital protection by National Bank of Canada, the note has the potential to deliver investors an 8% compound...Read more

Hedge funds active in U.S. Treasury market
Sep 21/04
Make record US$33 billion of U.S. Treasuries since last April- By James Langton. IE- Hedge funds are replacing central bankers as big players in the U.S. Treasury market, suggesting that the sector could become more volatile, says...Read more

Dynamic launches CIBC linked notes
Sep 20/04
The Dynamic Family of Funds has launched the CIBC Fulpay Star Dynamic Funds-Linked Deposit Notes, Series 1. "Dynamic continues to respond to the demand by investors for innovative investment solutions," said David Goodma...Read more

BMO Nesbitt Burns hires linked note experts
Sep 20/04
BMO Nesbitt Burns has hired two specialists to the firm's newly created equity linked and mutual fund linked products group. Luke Seabrook has been named head of the department, and along with Duncan Marks will develop non-proprie...Read more

HSBC launches fund of funds linked offering
Sep 13/04
STAIRS C1 available until October 24- HSBC Bank Canada is launching a new investment product with returns linked to a multi-strategy fund of hedge funds managed by Tremont Partners, Inc.- HSBC Structured Alternative Investment Ret...Read more

Sep 07/04
The Abria Alternative Strategies Notes, Series 4 is a diversified, multi-manager, multi-strategy fund which includes the following features: -100% Principal Guarantee at Maturity -True diversification – Low correlation to stock an...Read more

Tactic Series Funds Inc. Enters into Agreement with Van Global Hedge Fund Advisors, LLC
Sep 07/04
Tactic Series Funds Inc. is pleased to announce that it has entered into an agreement with Van Global Hedge Fund Advisors, LLC to provide unique alternative investment strategies to the Canadian financial marketplace. Founded in 1...Read more

Ontario Teachers’ Pension Plan invests heavily in infrastructure, will double alternatives from 18%
Sep 01/04
TORONTO (CP)-Craig Wong- Canadian Press- A consortium half-owned by two Ontario pension plans is buying into a gas distribution network in Scotland and southern England in a deal worth $7.5 billion. The Ontario Teachers' Pension P...Read more

Pro-Hedge Capital Preservation Fund launched with "No Fee Guarantee"
Sep 01/04
New investment product is first in North America to guarantee positive quarterly returns or no management fee is charged. New G.I.S. Series 1 note also introduced with $2,500 minimum and 100% principal guarantee. TORONTO, Sept. 1 ...Read more

Long-Term Capital's Tax Loss May Help IRS Stem Abuses
Aug 30/04
Aug. 30 (Bloomberg) -- Long-Term Capital Management LP, whose failure in 1998 forced a bailout by Wall Street's biggest investment banks, has to pay $56 million in tax and penalties after a judge said the hedge fund claimed an imp...Read more

Trading wars: Worryingly, big banks are in danger of turning into little more than hedge funds
Aug 26/04
Trading wars: Aug 26th 2004- From The Economist print edition- Worryingly, big banks are in danger of turning into little more than hedge funds- WHAT is the difference between a global investment bank and a giant hedge fund? Very ...Read more

SciVest Capital Management Inc. hires new head of risk management
Aug 26/04
SciVest Capital Management Inc. is pleased to announce the appointment of Michael Rodgers as Vice President, Risk Management. At SciVest, Mike is responsible for the SciVest's risk management and compliance platform. Mike will als...Read more

ONE Financial Unveils Second MSCI Guaranteed Note
Aug 25/04
ONE Financial launched its second principal guaranteed note tied to the MSCI Hedge Invest Index. The notes, called ONE Financial MSCI Hedge Invest Index Notes, Series 2, are available to the public with a minimum investment of C$2...Read more

Canada report lends support to gold `conspiracy`
Aug 24/04
Toronto, August 24, 2004: Sprott Asset Management Inc. (“SAM”) announced today the publication of Not Free, Not Fair: The Long-Term Manipulation of the Gold Price. The study represents the most thorough and detailed examination of...Read more

Canadian hedge funds confused by crackdown on trading around private placements and special warrant
Aug 23/04
The Financial Post reports in its Monday edition that Canadian hedge fund players are confused by the recent crackdown by the Ontario Securities Commission on trading around private placements and special warrant financing. The Po...Read more

Algorithmics Launches Credit Derivatives Analytics Package
Aug 20/04
By Susan L. Barreto, Senior Reporter : TORONTO (HedgeWorld.com)—A new pricing and risk analytics module for synthetic collateralized debt obligations and basket default swaps is the latest addition to Algorithmics Inc.’s risk mana...Read more

Norshield Hires European Marketer
Aug 17/04
Norshield Financial Group hired Candela Capital Ltd. to help market its fund of funds strategies to European institutional investors, company officials announced. Candela is a London-based placement agency for hedge funds and priv...Read more

Hedge Fund Inflows Set Another Record
Aug 16/04
RYE, N.Y. (HedgeWorld.com)—Hedge fund inflows set another record in the second quarter, the fifth time in a row quarterly inflows have topped the previous reporting period. Hedge funds added US$43.3 billion in assets between April...Read more

Ontario Exemption for Morgan Stanley, Traxis
Aug 11/04
The Ontario Securities Commission granted an application by four alternative investment funds associated with Morgan Stanley, for relief from registration requirements relating to trade in commodity futures and options on securiti...Read more

TD Securities Chooses Eagle Systems for Prime Brokerage
Aug 10/04
TD Securities Inc. will use web-based portfolio management, investment accounting and performance measurement systems provided by Eagle Investment Systems Corp. as part of its prime brokerage services. TD Securities officials said...Read more

Abria Hires CFO and Investment Head
Aug 09/04
Dominic Staniscia and Michael Doran have joined Abria Financial Group. Mr. Staniscia was responsible for all investment finance operations at the C$75 billion (US$57 billion) Ontario Teachers’ Pension Plan Board for the last seven...Read more

Cerberus Back in the Cockpit at Air Canada, Buyer of Mervyn’s, Too
Aug 05/04
By Christopher Faille, Reporter: Thursday, August 05, 2004 10:05:08 AM ET: NEW YORK (HedgeWorld.com)—Event-driven hedge fund Cerberus Capital Management Inc. concluded the month of July eventfully, with the announcement of major d...Read more

Hedge Fund Sector Encounters Headwinds in Second Quarter 2004
Aug 05/04
Hedge Fund Research, Inc. MacMillan Communications: Joshua Rosenberg, Andrew Schiff, Chicago/312-628-0319 New York/212-473-4442... Negative One Per Cent Quarterly Sector-wide Performance of HFRI Composite Index Represents First Re...Read more

ONE Financial is pleased to announce the launch of another very unique investment solution, the ONE
Aug 04/04
ONE Financial is pleased to announce the launch of another very unique investment solution, the ONE Financial MSCI Hedge Invest Index Notes™, Series 2, with returns linked to a broad-based hedge fund index published by Morgan Stan...Read more

Abria hires two specialists
Aug 03/04
The company announced today Dominic Staniscia, CA, CFA has joined Abria as Chief Financial Officer, and Michael Doran has joined as Senior Vice President, Investment Management. Prior to joining Abria, Mr. Staniscia spent the last...Read more

SciVest Capital Management Inc. launches the SciVest Net Short Equity Fund
Jul 26/04
SciVest Capital Management Inc. is pleased to announce the launch of the SciVest Net Short Equity Fund. The Fund is designed to provide a unique tool for managing market risk. Preliminary research suggests that the current offerin...Read more

Market timing focus of OSC mutual fund crackdown: Selloff not expected
Jul 24/04
Wojtek Dabrowski - Financial Post - Saturday, July 24, 2004 - The Ontario Securities Commission's impending disciplinary action against the mutual fund industry in Canada is likely to be focused on market-timing abuses, observers ...Read more

BluMont Raises C$75.7 million with Man Offering
Jul 23/04
BluMont Capital Inc. raised C$75.7 million (US$57.7 million) through the BluMont Man Multi-Strategy Series 3 Notes, a principal guaranteed note. The offering is a joint venture with Man Investments,* London, which manages the fund...Read more

Jovian Acquires Control of Pescara Partners Inc.
Jul 23/04
Jovian Capital Corporation ("Jovian") (JVN: TSX-V) is pleased to announce that, further to its announcement of April 1, 2004, it has today closed the acquisition of 50% of the issued and outstanding shares of Pescara Par...Read more

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