Mutual fund industry
The Indian mutual fund industry's net assets under management (AUM) have increased significantly over the past decade, with a 6-fold growth to reach over Rs 61 lakh crore in June 2024. The industry's AUM stood at Rs 10 lakh crore in May 2014, when the Narendra
Cybernet Data Systems Inc.
Rajneesh Vig, a veteran of the financial services industry with over 20 years of experience, will succeed Howard M. Levkowitz as Chairman and Chief Executive Officer of BlackRock TCP Capital Corp. effective August 5, 2021. Levkowitz, a co-founder of Tennenbaum Capital Partners, will retire from his role as Chief Executive
Cybernet Data Systems Inc.
The Fund has appointed Amy B. R. Lancellotta and Joanne T. Medero as independent directors to its Board of Directors, effective June 1, 2021. Lancellotta brings with her 30 years of service to the Investment Company Institute, while Medero has over 30 years of financial services experience, including stints at
United States. Securities and Exchange Commission
Despite the looming January 16, 2006, compliance date for new Securities and Exchange Commission rules requiring that 75% of a mutual fund board be independent, an independent director search service has received little interest from fund managers looking to find qualified candidates. Irving Straus, chairman of Straus Corporate Communications, launched
United States. Securities and Exchange Commission
In recent months, a series of class action lawsuits has been filed against investment advisors and directors, alleging that the funds they managed held shares in companies that settled securities class action cases in the past four years but did not file a proof of claim, thereby missing out on
Personal finance
As Adrian and Louise Sims navigated the challenges of purchasing a new home in Leigh, they sought the expertise of their financial adviser, Stephanie Burton, to create a tailored financial plan. The solution they chose was a Pep mortgage, courtesy of Fidelity Investments, which provided a packaged deal that included
Mutual funds
Fidelity Investments Canada Ltd., a renowned investment management company, offers a diverse range of 14 mutual funds catering to various investment objectives and risk profiles. As of early February, these funds had amassed significant assets, catering to the needs of a broad range of investors. The funds cover a spectrum
Mutual funds
Canada's mutual fund assets have surged to over $129.8-billion, a significant 81 per cent increase from last year. However, new investors are likely to be disappointed in their returns, as warned by Edward Waitzer, the new chair of the Ontario Securities Commission. Market risk and volatility are
Mutual funds
Canada's mutual fund companies are expanding their international offerings, with several recent launches in the Asia and European markets. The industry is encouraging Canadians to explore these markets for growth and diversification opportunities. Canada Trust Co. has added two new funds to its Everest no-load family, the AsiaGrowth
Mutual funds
Lou Voticky, chairman of Admax Regent International Management Ltd., has had to deal with the replacement of two fund managers in the past year. The company's Admax American Performance Fund suffered a significant decline in assets, from $25-million to $11-million, after its manager, Fred Moran, was replaced by
