Many will have heard of the recent attempt to justify the existence of the Senate, a report titledCountering the Terrorist Threat in Canada. This report has attracted some attention for its disgraceful recommendation that “The …
Search Results for: performance
July 13, 2015
Looks like there’s another politicized white-washing on the way: U.S. officials have concluded that high-frequency trading contributed to the Treasury market’s wild ride last October, a finding that will probably add to regulatory scrutiny of …
July 10, 2015
So the Canadian jobs number wasn’t as bad as expected, because we’re all working for the government: Canadian employment fell by 6,400 in June on the biggest decline in part-time work in more than four …
July 9, 2015
What causes high tuition? The same thing that drives high house prices, according to David O. Lucca, Taylor Nadauld, and Karen Shen of the New York Fed: When students fund their education through loans, changes …
July 8, 2015
The NYSE was not open for much of the day: A computer malfunction that knocked out trading at the New York Stock Exchange for more than three hours Wednesday probably stemmed from a software update …
July 7, 2015
Pressure on the loonie may lead to pressure on Canadian policy rates: The outlook for the Canadian dollar just got worse. The currency has slumped to a three-month low amid declining prices for oil, the …
Low Spread FixedResets: June 2015
As noted in MAPF Portfolio Composition: June 2015, the fund now has a large allocation to FixedResets, mostly of relatively low spread. Many of these were largely purchased with proceeds of sales of DeemedRetractibles from …
July 6, 2015
The latest worry is Quantitative Easing effects on European corporate bond liquidity: The European Central Bank’s addition of three listed companies’ notes to a bond-buying program has sparked concerns about how far it may push …
MAPF Portfolio Composition: June, 2015
Turnover remained low in June at about 5%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively homogeneous Straight Perpetual …
July 3, 2015
There’s another reason not to hire a ‘star manager’ to run your mutual fund: Aston Hill Financial Inc. has lost a key portfolio manager, the latest in a series of setbacks for the embattled asset …