Many will remember that when Omega Preferred Equity Fund was closed to new investors, it was also announced that National Bank would be starting a new fund with in-house management. It’s here, but it seems …
Search Results for: performance
December 3, 2012
Fitch Ratings (my favourite CRA) didn’t win an account recently – so they decided to win some political brownie points instead: The recently closed CSMC Trust Mortgage Corp 2012-CIM3 (‘CIM3’) transaction has insufficient credit enhancement …
MAPF Portfolio Composition: November 2012
Turnover increased slightly in November, to a still very low 6%. 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 …
November 30, 2012
I have long been amused that monetary loosening intended to provoke investment in productivity enhancing endeavors has instead had the result of inflating housing bubbles; and now Citibank says there’s another problem: Worldwide quantitative easing …
November 29, 2012
Nothing happened today. It was a mixed day for the Canadian preferred share market, with PerpetualPremiums gaining 7bp, FixedResets off 2bp and DeemedRetractibles gaining 6bp. Volatility was minimal. Volume was above average. HIMIPref™ Preferred IndicesThese …
November 28, 2012
Evan Soltas writes an interesting piece on Bloomberg titled Misconceptions 101: Why College Costs [in the US] Aren’t Soaring: What has happened is a shift toward price discrimination — offering multiple prices for the same …
November 27, 2012
There is some chatter about London’s decline as a financial centre: Investment bankers and traders at European banks should expect at least a 15 percent cut in pay this year, while U.S. lenders may leave …
November 26, 2012
Lapdog Carney got a better job: Bank of Canada Governor Mark Carney was unexpectedly named head of the Bank of England as the U.K. government looked abroad for a candidate untainted by financial turmoil to …
November 23, 2012
Richard W. Fisher gave a rather provocative speech last week titled The State of the West (With Reference to George Shultz, Eisenhower, Buzz Lightyear, George Strait, the San Francisco Fed and Adam and Eve) : …
November 22, 2012
The intermediators are being disintermediated! When PPR SA, the French owner of Gucci, sold a stake in its African distributor CFAO in August, it didn’t use an investment bank to handle the transaction. Instead, the …