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.
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 of …
SEC alleges advisers engaged in AI-washing - Investment Executive
WEBMar 19, 2024 · Such AI washing hurts investors,” he added. According to the SEC, Delphia was registered as an investment adviser from September 2019 through January of this year. As of September 2023, it had approximately US$187 million in assets under management — including US$180 million in five pooled investment …
TD settles sales practices class action - Investment Executive
WEBFebruary 13, 2024. 15:47. TD Bank will pay $22 million to resolve a shareholder class action brought by a fund manager over revelations of alleged misconduct in the retail banking business that temporarily damaged the bank’s share price. Quebec Superior Court judge Donald Bisson approved a proposed settlement between the bank and the ...
The art of RRIF withdrawals | Investment Executive
WEBNov 13, 2023 · The minimum withdrawal amount for the year is based on the value of the RRIF on Jan. 1 multiplied by a prescribed “factor” or rate. The rate is set by regulation or, for ages below 71, calculated by dividing 1 by the result of 90 minus the age of the annuitant or their spouse or partner at the beginning of the year. The rates increase with age.
CPP Investments earned 3.4% in latest quarter
WEBFeb 15, 2024 · The Canada Pension Plan Investment Board says its fund earned a net return of 3.4% in its latest quarter. CPP Investments chief executive John Graham says strong performance of global equity and fixed-income markets during the final months of calendar 2023 contributed to the fund’s continued growth. The fund ended the third quarter of …
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 ...
Remote working spawns insider-trading case - Investment Executive
WEBFeb 23, 2024 · Remote working has spawned a case of illegal insider trading. The U.S. Securities and Exchange Commission (SEC) alleged that Tyler Loudon — whose wife worked as a mergers and acquisitions manager for London-based energy giant, BP plc — traded ahead of BP’s planned acquisition of TravelCenters of America Inc., a U.S.-based truck stop and travel company, which was announced in early 2023.
New COO tackles ambitious goals | Investment Executive
WEBMar 11, 2024 · Kish Kapoor, president and CEO of RF Capital, set a goal in May 2021 to reach $100 billion in assets under administration (AUA) by 2026, and the firm revised that timeline to “the next three to five years” in its 2022 annual report. Richardson Wealth’s AUA was $35.2 billion as of Dec. 31, 2023. “It’s a very ambitious goal,” Adesanya ...
Bigger, faster, enhanced: The ETF year in review
WEBDec 12, 2023 · The economy may be slowing but not the pace of product innovation in the Canadian ETF industry. With 2023 not yet over, 142 ETFs made their debut this year — 22 more than in all of 2022. With the 33-year-old Canadian industry well supplied with low-fee, broad-market index products, the emphasis has been on …