Alt managers venturing into private wealth
Retail market offers growth, but carries risk for alt managers too: Fitch
- By: James Langton
- May 6, 2025 May 6, 2025
- 10:04
Shipments to the U.S. fell 6.6%, but exports to other countries rose 24.8%
Credit Suisse pleads guilty in connection with offshore tax evasion
"President Trump has, for all intents and purposes, become an unofficial member of the OPEC+ cartel": BMO
Province proposes increasing tax credit rate to 15% from 10%
A member vote didn't meet the two-thirds threshold needed to drop dual membership
Cybersecurity firm alleges Advocis breached contract as a strategy to reduce financial obligations
Also, the highest single-day and weekly trading volumes in Canadian ETF history were recorded in the month
Legal challenge to enforcement findings will need $100K in funds to continue
Six reasons the asset performs well in uncertain times, and two reasons to be careful
Surge in account breaches prompt dealers to tighten account security
Economists say tariffs make it more difficult for the central bank to reduce its benchmark rate
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales