Sutherland leaves Altamira
Article Abstract:
Altamira Investment Services Inc. loses its key fund manager and co-founder Willard Sutherland, who has resigned from the company. Sutherland has been managing the C$546.6-million Altamira Income Fund for more than 10 years. Sutherland will be replaced by Robert Marcus. The resignation follows the departure of Altamira manager Frank Mersch, who was charged of lying about a personal investment in a penny stock by the Ontario Securities Commission. Mersch was banned from the industry for six months, after he admitted that he "deliberately" misled the commission about his 1993 investment in Diamond Fields Resources Inc.
Comment:
Loses its key fund manager and co-founder Willard Sutherland, who has resigned from the company
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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C.I. on acquisition trail, chief says
Article Abstract:
Toronto, Ontario-based C.I. Fund Management's chief executive and president, Raymond Chang, cited that the mutual-fund company is looking for potential acquisitions as a recession occurs in the stock markets worldwide. C.I. Fund Management is expectant of making an acquisition as smaller mutual-fund firms experience financial difficulties as a result of the global stock-market recession. C.I. Fund Management, which is the 14th biggest fund firm in Canada, belonged to a group of select firms that enjoyed positive revenue figures.
Comment:
Is looking for potential acquisitions as a recession occurs in the stock markets worldwide
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Fidelity proves that big can be beautiful
Article Abstract:
Toronto, Ontario-based Fidelity Investments Canada Ltd. saw its Fidelity Canadian Growth Company Fund emerge as the biggest small-cap fund in Canada, with more than C$1 billion worth of assets. The Fidelity Canadian Growth Company Fund, which was introduced in July 1994 by Fidelity Investments Canada, proved that a large small-company fund can achieve an excellent performance with its 34.4% rate of return for a one-year period ended on May 31, 1998.
Comment:
Sees its Fidelity Canadian Growth Company Fund emerge as the biggest small-cap fund in Canada
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Comment about this article or add new information about this topic:
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