J.C. Clark closes hedge funds to new investors
Preservation funds closed to maintain optimal size
- By: IE Staff
- April 29, 2003 April 29, 2003
- 08:10
Preservation funds closed to maintain optimal size
Reduced expenses offset drop in revenues
New funds use "fund of funds" structure
Several funds close to new purchases
Business park to be managed by pooled fund
Cambridge, Trans-Canada funds to move to Mavrix
New manager to take over
Foreign equity funds will terminate on June 27
Changes effective June 27
Funds dump Janus
Ainsworth, Sanders and Becker to oversee former Janus funds
Announces partnership with UBS Global
AIM Trimark adjusts portfolio manager line-up
Tool gives advisors complete control and flexibility
But long-term funds see increase in net sales
Income trusts top performers during quarter says Morningstar
Three funds affected
Posts profit of $50.3 million vs loss in 2001
Greater compensation flexibility for dealers
AIC-sponsored study looked at 10 years’ worth of funds
Grabs 4.6% of Ontario LSIF market
Survey of advisors lists important wholesaler attributes
Greystone to manage two Canadian equity mandates
Seven out of top 10 companies report net redemptions
Assante reports net sales of $112.8 million for March