Looks like the market rally is over: Individual investors rushed into stocks and bonds in January, setting the stage for the biggest month on record for deposits into U.S. mutual funds. Long-term funds, which exclude …
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MAPF Portfolio Composition: January, 2013
Turnover remained above 2012 averages in January, at about 11%. 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 …
February 1, 2013
There was a decent US jobs number: Hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over …
January 31, 2013
ZeroHedge squared its rot for a good booHooHoo about the Litvak charges mentioned on January 28: Since for the most part, the buyside traders operated with other people’s money, they were largely indiscriminate on the …
January 30, 2013
It was a mixed day for the Canadian preferred share market, with PerpetualPremiums down 2bp, FixedResets up 11bp and DeemedRetractibles off 1bp. Volatility was low. Volume was well above average. HIMIPref™ Preferred IndicesThese values reflect …
January 29, 2013
Everything you ever suspected about municipal employees is true: The City of Hamilton fired 29 public-works employees Monday for time theft, breach of trust and neglect of duties. The employees, frontline road-maintenance workers whose main …
January 28, 2013
Call the papers! A Chadian official was corrupted! Griffiths Energy International Inc. to the wife of an African diplomat, a transaction that led the company to pay a $10.35-million fine in a bribery case this …
January 25, 2013
Memo to Scotia: this is what reasonable management might consider grounds for firing a star trader: Deutsche Bank AG (DBK)’s Christian Bittar, one of the firm’s best-paid traders, lost about 40 million euros ($53 million) …
January 24, 2013
I mentioned complexity of computer systems on January 22 – here’s another example: Computer Sciences Corp. (CSC)’s performance on a failed $1 billion software project for the U.S. Air Force and the service’s management of …
January 23, 2013
Surprise, surprise, the BoC maintained the overnight rate (emphasis added): In Canada, the slowdown in the second half of 2012 was more pronounced than the Bank had anticipated, owing to weaker business investment and exports. …