Hirsch, partner take stake in management firm

Article Abstract:

Greiner-Pacaud Management Associates has sold a controlling interest to former mutual fund star Veronika Hirsch and Victor Koloshuk. The holding company, Asset Management Ltd., will hold 75% of Greiner-Pacaud Management and 100% of Hirsch Asset Management Corp., a fund company formed by Hirsch. Meanwhile, according to Richard Suggitt, executive vice president of sales and marketing for Hirsch, the company is in acquisition talks with some small fund companies about possible acquisitions. The company would be able to grow faster if they acquire assets.

Comment:

Has sold a controlling interest to former mutual fund star Veronika Hirsch and Victor Koloshuk

Asset sales & divestitures, Investment companies, Article, Greiner-Pacaud Management Associates

---

Big Canadian funds struggle to match lacklustre market

Article Abstract:

The lacklustre Aug 1999 performance of the Canadian stock market has been mirrored in the performance of the biggest Canadian funds. The C$2-billion Trimark Canadian Fund and the C$938.9-million Green Line Canadian Equity Fund were two of the top gainers with a 1.1% gain in Aug 1999. Most of the poor performers, which include the C$2.5-billion AIC Advantage Fund and the C$3.3-billion AIC Advantage Fund II, were those that have large investments in the financial services sector.

Market information - general

---

Similar abstracts:

• Abstracts: Six parties make for a pasta Canada. An epic struggle that will never end
• Abstracts: Troubled YBM makes key management changes. Midland Walwyn, Merrill to merge. Relations with U.S. still sore, IDA chief contends
• Abstracts: Dundee expresses interest in Assante. Big bank mergers on the back burner
• Abstracts: New Honda president has work cut out for him to restore sales
• Abstracts: Rival bid would lose Coors ties. Petrocan buying U.S. Rockies foothold with Prima acquisition. Central bankers slam exploding U.S. deficit

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.