Fund firms under fire over Portus: Hedge fund sales practices to be probed
Article Abstract:
A handful of firms, including Manulife Securities International Ltd. and the Berkshire Group of companies, whose sales agents referred clients to embattled hedge fund Portus Alternative Asset Management Inc., are likely to be investigated by the self-regulatory body that oversees Canada's mutual fund dealers. The sales practices at these firms will be examined to determine whether agents made sure that Portus funds were suitable for their customers.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2005
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Great-West buying U.S. life business
Article Abstract:
Great-West Lifeco Inc of Winnepeg, Manitoba, has agreed to purchase the US group life and health insurance business of Allmerica Financial Corp of Worcester, MA, in a deal that analysts estimate to be worth C$150 million. Great-West will purchase the operation via its subsidiary, Great-West Life and Annuity Insurance Co of Denver, CO. Due to close on Mar 1, 2000, the deal will provide Great-West a business covering 400,000 people.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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