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Friday, October 31, 2014

Announcements


Quant Invest Canada

October 9-10, 2013

The Hyatt Regency

Toronto, Canada

www.terrapinn.com/CHQChome

 

 

Canada’s leading conference on quantitative investing and trading

 

Quant Invest Canada is the leading conference for Canadian quants and investors. If you are looking to uncover new quant strategies and funds, you must attend.

 

With more end investors in attendance than any other event of its kind, you will have ample opportunities to network, forge relationships and learn from Canada’s top quant investors and fund managers including OMERS, AIMCo, HOOPP, and CPPIB.

 

Join us to network and learn from the entire quantitative investment value chain within Canada and beyond.

 

Canada’s leading quants will be there to discuss:

 

·         How to maximize the use of derivatives

·         How to integrate quant within your portfolio

·         How to manage a value-add portfolio

·         How to uncover the keys to “smart beta” – the alternative to active and passive investing

·         How to structure a portfolio using strategic asset allocation

·         How to optimize your portfolio with re-emerging normalized strategies, including long/short equity, statistical arbitrage and systematic trading

·         How to outwit your competitors

·         How to acquire new business prospects through structured networking sessions, interactive roundtable discussions and a dedicated networking manager

·         How to explore the outlook for quant equity investing

·         How to engage with the entire spectrum of quantitative investment experts from Canada and beyond

 

Download the brochure:

http://www.terrapinn.com/CHQCbrochure

Register online:

http://www.terrapinn.com/CHQCregister

 

Discounts available for groups of 3 or more - for more information please contact Felipe Lima at Felipe.Lima@Terrapinn.com or +1 212 379 6320

 


 

 

Spartan is pleased to announce the launch of the Noble Bay Energy Fund

Toronto, Ontario – February 1, 2013 – Spartan Fund Management Inc. is pleased to announce the launch of the Noble Bay Energy Fund, a multi strategy energy fund managed by Mark Ellis, MSc & CIM.

Noble Bay’s investment objective is to generate consistent, attractive risk-adjusted returns, with reduced volatility and with low correlation to the North American equity markets. The Fund utilizes four sub-strategies – relative value, macromomentum, yield-options and special situations - which are self-complimenting in order to provide investors with a more consistent return profile than is available through traditional investing in the energy sector.

Mark Ellis, the Portfolio Manager for Noble Bay, has over 11 years of experience investing in the energy sector. Prior to founding Noble Bay, Mark was a founding partner of Rayne Capital, a Calgary based energy fund that returned over 60% in 5 years to its investors.

More information about the Noble Bay Energy Fund, including monthly reports, can be found on Spartan’s web site: www.spartanfunds.ca

Spartan Fund Management, established in 2006, specializes in experienced emerging Canadian alternative investment managers that have proven expertise within a well defined investment strategy. Spartan's infrastructure is built to institutional standards, with independent risk management/compliance and well known third party service providers. Spartan offers both strategy specific funds as well as a multi strategy fund that provides exposure to the broad range of strategies available at Spartan.

To find out more, please visit www.spartanfunds.ca.

Contact:
Gary Ostoich
gostoich@spartanfunds.ca


 

AIMA Canada Expands National Footprint

Regional Committees Established in Alberta and British Columbia to

Complement Existing Regional Committee in Québec

 
Toronto ON – January 22, 2013 AIMA Canada, the Canadian national group of the global Alternative Investment Management Association (AIMA), today announced the establishment of two new regional committees in Alberta and British Columbia. This announcement follows the 2010 creation of a regional committee in Québec and reflects the growth of the alternative investment industry across Canada and AIMA Canada’s growing national footprint.

Established in 2003 as the voice of the hedge fund industry in Canada, AIMA Canada has approximately 100 corporate members involving over 250 individuals, including hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, institutional investors and fund administrators. Its objectives include promoting transparency, education and sound practices, as well as liaising with regulatory authorities. AIMA Canada is governed by a national Executive Committee and five subject matter sub committees led by prominent members of the Canadian hedge fund community.

AIMA Canada committees are comprised of volunteers working for AIMA Canada member companies. The leadership teams of the regional committees will include:

Alberta:

Co-Chair: Leslie Vickers, Controller, Grafton Asset Management
Co-Chair:
Basil D’Souza, Director, Auspice Capital Advisors
Secretary:
Peter Harris, Senior Manager, Audit and Assurance Group, PricewaterhouseCoopers LLP

British Columbia:

Co-Chair: Jonathan Lotz, Partner, Heenan Blaikie LLP
Co-Chair:
Roland Wood, Sales Manager, Fiera Capital Corporation

 

Québec:

Co-Chair: Claude Perron, Chairman, Crystalline Management Inc.
Co-Chair:
Stéphane Amara, Head of Deutsche Asset & Wealth Management Canada
Secretary: Lynda Briant, former COO, AIMA Canada

In making the announcement, AIMA Canada Chair Gary Ostoich, President of Spartan Fund Management, said: “We are delighted to welcome this group of distinguished industry leaders to our national organization. The creation of these new regional committees represents the next logical step in the development and growth of AIMA Canada as a national entity and further enhances our contribution to the industry and our growing membership.”

 

Mr. Ostoich explained that the mandate of the newly-formed regional committees includes: providing a forum for issues affecting regional hedge fund managers and associated service providers; assuring that the association’s mandates are carried out regionally; and working with the various subject-matter committees to coordinate events tailored to local markets.

About the Alternative Investment Management Association (AIMA)

AIMA is the hedge fund industry's global, not-for-profit trade association with over 1,300 corporate members (with over 6,000 individual contacts) in more than 40 countries worldwide.

Members include hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators.

Association (AIMA), was formed in March 2003 to act as the voice of the alternative investment industry in Canada. AIMA Canada now has about 100 corporate members and in 2012 published its AIMA Canada Handbook which can be found on the AIMA Canada website at www.aima-canada.org

   

AIMA Canada, the Canada National Group of the Alternative Investment Management
Media Contacts:

 

AIMA Canada
James Burron
416-453-0111
jburron@aima-canada.org

 

Francis Communications
Barry Francis
416-876-3204
barry@franciscommunications.com


 

Spartan is pleased to announce the launch of the Teraz Fund

Toronto, Ontario – October 3, 2012 – Spartan Fund Management Inc. is pleased to announce the launch of the Teraz Fund. Teraz' objective is to provide investors with

long term capital growth by investing in a diversified portfolio of Canadian smalland micro-cap companies.

The Fund invests utilizing 3 strategies: long positions in early stage companies run by successful entrepreneurs, including start-ups, listed cash-rich shells and merger and acquisition candidates; opportunistic investing, including deep value, arbitrage, theme investing and technical trading; and short positions in companies with suspected fraud, questionable management and over-promotion. Individual positions are limited to 5% of the Fund, based on cost. No investments are made in private companies and no leverage is used.

Teraz' Chief Analyst & Strategist is Mark Zaret. Since 2003 Mr. Zaret has been the principal of Teraz Holdings Inc., a private investment company that trades equities (long and short), options, currencies, futures, provides equity to start-ups and offers financial consulting services to corporations. Mr. Zaret has traded successfully for over 20 years, having achieved a long term growth rate of over 20% annualized. He has developed his own proprietary databases and comprehensive approach to investing. Mark is a graduate of The University of Western Ontario and York University.

More information about the Teraz Fund, including monthly reports, can be found on Spartan’s web site: www.spartanfunds.ca

   

Spartan Fund Management Inc. is a Toronto-based private wealth management firm advising a number of private funds on behalf of high net worth and institutional clients. Spartan aims to attract the most talented investment managers and analysts from a variety of backgrounds - typically institutional money managers or proprietary bank traders - that have proven expertise within a well defined investment strategy.

Spartan provides the operational and risk management infrastructure that enables our investment professionals to focus on what they do best: optimize the balance between risk and reward for clients. To find out more, please visit www.spartanfunds.ca.

 
 

Contact:
Gary Ostoich

gostoich@spartanfunds.ca

100 Wellington Street West, Suite 2101
Toronto, Ontario M5K 1J3
T: (416)601-3171

 


 

Eze Castle Integration Expands Award-Winning Private Cloud Services to Asia

HONG KONG – November 14, 2012 – Eze Castle Integration, a leading provider of strategic IT solutions and private cloud services to hedge funds, today announced it has expanded its Eze Private Cloud services to Hong Kong and Singapore. With this expansion, the hedge fund industry’s preferred private cloud now spans three continents and provides firms seamless access to the technology and key applications required to operate effectively and efficiently.

 

The Eze Private Cloud is used by more than 2,000 hedge fund professionals worldwide to simplify operations, minimize upfront capital costs and gain a highly resilient, enterprise-grade IT infrastructure on par with billion-dollar funds. Hedge funds based in Hong Kong and Singapore now have access to a range of offerings from the Eze Private Cloud, including the Eze Managed Suite and application hosting. The Eze Managed Suite is a hosted IT solution providing firms with a fully managed infrastructure and key business applications. The Eze Managed Suite gives users file services, email, software applications, mobile services, email security, disaster recovery and 24x7x365 support.

 

“Eze Castle Integration sees tremendous opportunity for private cloud services in the Asia Pacific region as hedge funds around the world embrace the cloud to streamline and enhance their operations,” said Serge Bukhar, executive director of international operations, Eze Castle Integration. “This latest expansion of the Eze Private Cloud reinforces our commitment to being the global technology partner to the hedge fund industry and fills a market need for fully managed cloud services that combine premier technology with exceptional client support.”

 

Eze Castle was ranked the number #1 cloud computing provider in the Hedge Funds Review Service Provider Rankings (2012) and HFMWeek named Eze Castle the ‘Best Cloud Computing Provider’ in its US Hedge Fund Services Awards 2012.

 

Additional resources:

·  Hedge Fund Cloud Forum: http://www.eci.com/cloudforum/

·  2012 Cloud Adoption Trends Report: http://www.eci.com/knowledge-center/cloud-adoption-survey-results.html

·  Hedge Fund IT Blog: http://www.eci.com/blog/

 

About Eze Castle Integration

Eze Castle Integration is the leading provider of IT solutions and private cloud services to more than 600 alternative investment firms worldwide, including more than 80 firms with $1 billion or more in assets under management. The company’s products and services include Private Cloud Services, Technology Consulting, Outsourced IT Support, Project & Technology Management, Professional Services, Telecommunications, Business Continuity Planning and Disaster Recovery, Archiving, Storage, Colocation and Internet Service. Eze Castle Integration is headquartered in Boston and has offices in Chicago, Dallas, Geneva, Hong Kong, London, Los Angeles, Minneapolis, New York, San Francisco, Singapore and Stamford.




Olympian Adds Managing Principal and Senior Executive

Ft. Lauderdale, Florida – October 2011 – Olympian Capital Management an independent privately-held registered investment advisor headquartered in Florida, announced the addition of a Chief Investment Officer/Managing Principal. Michael J. Levas, Olympian Founder and Senior Managing Principal said, “It has always been important for me to work with people of the highest caliber and intellectual capital. As such, as my firm grew, I had need for delegating key operations strategic to our ongoing growth. As such, I have brought in Arun Kaul as my CIO and Managing Principal. Arun and I have known each other for years and we have developed a great synergy together and I am looking forward to our continued growth together.”

Arun Kaul has joined Olympian to serve as a Managing Principal and take on the day-to-day role as Chief Investment Officer. He has been in the investment management business for over eighteen years. Prior to Olympian, he was a co-founder and Chief Operating Officer of Hillsdale Investment Management Inc. where he was responsible for managing and overseeing in excess of $500mm in institutional and private client assets. Prior to Hillsdale, he was an Investment Analyst and portfolio manager at CPMS/Morningstar Inc. Prior to that, he was at Prudential Insurance Company of America as an internal auditor. Mr. Kaul currently holds the Chartered Financial Analyst (CFA) designation, and has obtained the Canadian Securities, Investment Finance, Options Licensing and Derivatives Fundamentals courses from the Canadian Securities Institute. Mr. Kaul has completed investment management studies at Harvard Business School and at the University of Chicago. “The addition of Arun will allow Olympian to enter into our next phase of growth which we anticipate due to the un-served needs of private individuals, endowments, and foundations. We don’t feel that many offer the truly unique approach that we have in providing solutions to our clients in our current market environment and the market cycles ahead,” said Mr. Levas. Mr. Levas, said, “Olympian, since its founding, has long focused on providing the highest-level of intellectual integrity and skill in providing our clients with top level service. As we grow and see further opportunity to serve the discriminating individual and institutional asset management clients, it was important that we enhance our intellectual capital and scope with the addition of experienced senior management and as such we have brought in Mark Krill to join our team.”

Mark Krill has joined Olympian and will serve as the Chief Marketing Officer and Head of Business Development and has over 20 years of experience in the financial industry. Prior to joining Olympian he has worked with firms such as Pinnacle Associates, Bankers Trust/Deutsche Bank, UBS, and Citigroup. His experience is in the development of high net worth individuals and institutional clients throughout the Southeast United States and the US. His experience has focused on investment management, investment finance, art advisory, and trust and estates services. He earned a BSBA from the University of Florida in Marketing in 1986 where he graduated as Outstanding Male Graduate. “We are excited about the addition of Mark. His background and experience will be instrumental in helping to build our brand to a new level. His marketing experience will focus on building our business model and client experience. We truly feel that the client market is greatly under-served in building true long term solutions for individual and institutional clients. This fact matched with our solid experience and unique approach will bide well for us and our clients” said Mr. Levas.


 

CIBC Mellon to Provide Hedge Fund Servicing to FrontFour Capital Corp.


Toronto, October 25, 2011 - CIBC Mellon has been selected to provide its market-leading hedge fund servicing and administration to FrontFour Capital Corp.

“As we expand into Canada, we want a partner that shares our commitment to growth and has deep knowledge of the Canadian market,” said David A. Lorber, principal, of FrontFour Capital Corp. “CIBC Mellon has a solid reputation in the Canadian market and offers the technology solutions that we need.”

“We are proud to partner with FrontFour Capital Corp. as they look to grow their business in Canada,” said Tom Monahan, president and chief executive officer, CIBC Mellon.

“Sophisticated clients like FrontFour Capital demand local expertise, high-touch service and advanced capabilities, and we look forward to exceeding their expectations.”

CIBC Mellon is committed to delivering superior client service, as evidenced by its recent awards:

  • 2011 - Best Sub-Custodian in Canada for the fifth consecutive year.1
  • CIBC Mellon was awarded ‘Top-Rated’ status by both Leading and Domestic clients in Global Custodian's 2011 Agent Banks in Major Markets Survey. The Leading client category represents the most sophisticated, larger and more experienced clients. Since the category was created in 2007, CIBC Mellon has consistently earned ‘Top-Rated’ status.

About FrontFour Capital Corp.
FrontFour Capital Corp. (FundSERV: FCC) is a privately-owned investment fund manager. The firm is the investment manager for the FrontFour Opportunity Fund. The FrontFour Opportunity Fund is a value, event-driven fund which invests in predominantly credit and equity securities. FrontFour Capital Corp. is based in Vancouver, British Columbia.

About CIBC Mellon
CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon. CIBC Mellon has more than $1 trillion in assets under administration and is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, unitholder recordkeeping, and securities lending services in Canada. CIBC Mellon is part of the BNY Mellon network, which has US$26.3 trillion in assets under custody and administration and more than US$1.3 trillion in assets under management. www.cibcmellon.com

 1 Global Finance Magazine’s 2011 World’s Best Sub-Custodians Survey

Contacts:
Brent Merriman, corporate affairs, CIBC Mellon, 416-643-5000, corporate_affairs@cibcmellon.com
David A. Lorber, principal, FrontFour Capital Corp. 604-806-3359, dlorber@frontfourcapital.com

 


 

New Support For Financial Services Creates New Jobs

 

McGuinty Government Helps Company Expand

 

NEWS

October 27, 2011

Ontario is helping Apex Fund Services (Canada) Ltd. expand and create 50 jobs for families in Ontario while continuing to ensure Toronto’s reputation as a North American hub for financial services. These new jobs will build upon the 97,700 net new jobs that have already been created in Ontario so far this year alone.

 

The province is partnering with Apex Fund Services Ltd., a financial services provider, to expand its Canadian subsidiary and offer specialized fund services to Canadian fund managers such as:

  • international best practices
  • real-time middle office administrative services, and
  • operation risk reporting services.

 

Partnering with business and ensuring Toronto’s reputation as a North American hub for financial services are key components of the McGuinty government’s plan to create and support new and existing jobs for Ontario families, and to strengthen local economies.

 

QUOTES

“We are pleased to partner with innovative companies that help us secure our position as a global Financial Services hub for international business. This mirrors our strategy to create many new jobs in this fast growing industry sector for years to come.”

— Glen Murray, Minister of Training, Colleges and Universities

 

“The foundation of Ontario’s economy is our skilled workers and innovative companies. Our government will continue its proactive approach to partnering with business and industry, investing strategically to help companies grow and create jobs in this period of economic uncertainty.”

Brad Duguid, Minister of Economic Development and Innovation

 

“As a global company, Apex sees Canada to be a key location for the expansion of its personalised services for fund managers - domestically and internationally. With the current commitment to the Canadian fund industry, this is a tremendous opportunity for Apex to lead the financial services sector and support new fund strategies.

Alex Chapman, Managing Director, Apex Fund Services (Canada) Ltd.

 

“Apex is proud to help put Canada firmly on the map as one of the world’s fast growing financial centres.”

— Peter Hughes, Group Managing Director, Apex fund Services Ltd.

 

QUICK FACTS

§  Apex Bermuda has 23 offices around the globe administering funds and asset classes over $16-billion.

§  The hedge fund administration services market is expected to grow as investors diversify their portfolios from traditional mutual funds to alternative strategies available in hedge funds.

§  Over 524,000 jobs have been created in Ontario since October 2003.

§  Ontario’s financial and insurance sector employs more than 293,000 people.

§  In 2010, Ontario was named a top destination for foreign direct investment in North America,

second only to California. The province attracted a total of 127 Foreign Direct Investment projects, which created more than 11,200 jobs.

§  As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging to business growth.

 

LEARN MORE

See how Ontario's Budget 2011 is supporting job creation and helping the province's economy to turn the corner.

Review Ontario programs supporting business.

 

 

Andrew Block, Minister’s Office, 416-276-0511

Eric Shapiro, Communications Branch, 416-325-6698

 

ontario.ca/economy-news

Disponible en français

 

 

 


 

AIMA Canada Presents: The New and Emerging Managers Series - Operational and Compliance Considerations
BLG Toronto

Scotia Plaza, The Elliot Room, 44th Floor
40 King Street West
Toronto, Ontario M5H 3Y4

This workshop will be of interest to both new and established managers as the panel discusses key operational and compliance issues in running an investment management business and ensuring that it is onside with the regulators.

 Date & Location:
Thursday, October 27, 2011
4:30 PM - 6 PM (Cocktails to follow)
Borden Ladner Gervais, 40 King Street West, Scotia Plaza, 44th Floor

Panel:
Ian Pember, COO, Hillsdale Investment Management Inc.
Marsha Gerhart, Counsel, Borden Ladner Gervais
Edwin Wong, Director, Fund Services Operations, Citigroup Fund Services Canada
George Kosmas, Partner, Deloitte Touche LLP
Keith Lam, Managing Partner & CFO, Red Sky Capital Management
Sara Yarmand, Director Risk & Operations, Arrow Capital Management


MAN GLG EMERGING MARKETS INCOME FUND FILES PRELIMINARY PROSPECTUS

Man Investments Canada Corp. (“Man Canada”) is pleased to announce the filing of the preliminary prospectus in respect of the initial public offering of Class A and Class F units (the “Units”) of the Man GLG Emerging Markets Income Fund (the “Fund”) dated September 29, 2011, at a price of $10 per Unit.

The Fund’s investment objectives are: i) to provide holders of Units (the “Unitholders”) with monthly tax-advantaged distributions; and ii) to preserve capital while providing the opportunity for long-term capital appreciation for Unitholders. The Fund will not have a fixed distribution amount, but the distributions are initially targeted to be 6% per annum on the subscription price of $10.00 per Unit ($0.05 per Unit per month or $0.60 per annum). The Fund has been created to provide exposure to an actively managed, liquid and diversified portfolio of securities across various asset classes primarily within global emerging markets such as Latin America, Central and Eastern Europe, the Middle East, Africa and Asia (the “Portfolio”). The Portfolio will be managed by GLG Partners LP. In managing the Portfolio, GLG Partners LP will pursue its strategy through both active trading and investment principally in interest rate securities and instruments, sovereign and corporate credit instruments and other fixed income securities, foreign exchange instruments and derivatives that provide exposure to these asset classes.

Toreigh Stuart, Chief Executive Officer of Man Canada, said: “The acquisition by Man of GLG last year was a significant milestone in Man’s development as a global leader in alternative asset management. We are delighted to provide Canadian investors with exposure to a portfolio managed by GLG and this emerging markets strategy.”

The syndicate of Agents for this offering is being led by CIBC and includes RBC Capital Markets, BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Dundee Securities Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James Ltd., Rothenberg Capital Management Inc. and

Desjardins Securities Inc.
A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the Agents noted above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

Inquiries
Toreigh Stuart
CEO, Man Investments Canada Corp.
(416) 775-3636
toreigh.stuart@man.com

Please contact Man Canada toll-free at 1 877 860-1080 or 416 775-3600.

About Man
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. Man manages US$71.0 billion (as of June 30, 2011).
The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalization of US$7.0 billion.
Man Group is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.mangroupplc.com.

About GLG
GLG Partners Inc. (“GLG”), a wholly owned subsidiary of Man since October 14, 2010, was established in 1995. GLG is dedicated to achieving consistent, superior investment returns through traditional, alternative and hybrid investment strategies. The performance GLG generates is driven by the proven expertise of its team of investment professionals, underpinned by a rigorous approach to investment analysis and a strong focus on risk management.
Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.


 

Waratah Advisors Hires Head of Business Development

Waratah Advisors has hired Daniel Dorenbush to lead the firm's business development and relationship management efforts, as well as assist the team in advancing Waratah's overall business objectives.

In his new role, Dorenbush will build off of Waratah's existing momentum and burgeoning reputation to further enhance the firm's relationships with high net worth individuals, family offices, financial advisors and institutional investors. Daniel will also work with Waratah's team to support the firm's business requirements as they continue to grow.

Most recently, Dorenbush was a partner and chief executive officer of Merlin Securities' Canadian operation. He led Merlin's initiative to establish a footprint in the local hedge fund market for financing, capital raising and electronic trading services. Prior to Merlin, he was a New York-based managing director and global head of strategic sales and relationship management in the hedge fund services division at RBC Capital Markets.
Daniel had responsibilities across electronic, professional and futures trading, including prime brokerage, soft dollar services, capital introduction and RBC's fund of hedge funds. He was also based in Toronto and global head of prime brokerage at RBC for much of his time there.

Waratah Advisors is a Toronto based Alternative Investment Management Firm dedicated to producing excellent Risk-Adjusted Returns. The firm was launched in early 2010 by Brad Dunkley and Blair Levinsky, veterans of Gluskin Sheff + Associates and TD Securities, respectively. The firm manages three equity long short mandates with an emphasis on protection of capital.
To achieve these goals Waratah follows a disciplined approach to managing risk which involves measuring and monitoring portfolio exposures. Waratah's portfolio construction is conservative by nature and its security selection is fundamentally driven. Waratah Capital Advisors Ltd. is a registered Portfolio Manager, Investment Fund Manager and Exempt Market Dealer with the Ontario Securities Commission.

Investment Research Practitioners and Academics Can Compete in Canadian Capital Markets Research with the Toronto CFA Society Hillsdale Research Award

Toronto CFA Society and Hillsdale Investment Management announce the second year of the Toronto CFA Society & Hillsdale Canadian Investment Research Award with a deadline for submission of November 30th, 2011.

“This award is a great way for academics and industry practitioners to get exposure and recognition for their research in Canadian Capital Markets.” said Peter S. Jarvis, CFA, executive director, Toronto CFA Society.

Applications are judged on the potential contribution of their applied research to topics of interest related to Canadian capital markets. Areas of research interest include any aspect of investment management, such as portfolio management, asset valuation, risk management, compliance and performance evaluation. Investment fields include traditional and alternative investments, as well as all asset classes and investment vehicles (e.g., fixed income, equities, derivatives, etc.). Papers that have been published or accepted for publication, or simultaneously submitted for awards with other organizations will not be considered.

“Hillsdale and Toronto CFA Society share the same vision for high quality research. In recent years, Canadian capital markets have earned the confidence of domestic and global investors. We must build on this and continue to offer a unique value proposition to investors in the global context. We believe that excellent research is a driver of continuous improvement in our field. Hillsdale is thrilled to support this very meaningful initiative once again this year”, said Chris Guthrie, CFA, president and CEO, Hillsdale.

The award is open to global researchers conducting research related to Canadian capital markets including both academics (e.g., professors and students) and practitioners. Toronto CFA Society reserves the right not to grant an award in a given year. The winner will receive one research award of $10,000 CAD and will be announced at a reception hosted by Toronto CFA Society.

“We at Hillsdale have always been very keen on applied investment research for the practitioner on Canadian Markets. Teaming up with the premiere organization that leads such causes is a great honour.” Harry Marmer, CFA, executive vice president, Hillsdale.

Dr. Pauline Shum was the first recipient of the Toronto CFA Society & Hillsdale Canadian Investment Research Award, for her research paper entitled “The Long and Short of Leveraged ETFs: the Financial Crisis and Performance Attribution.”

Toronto CFA Society
Toronto CFA Society is a not-for-profit organization supporting the professional and business development of CFA charterholders. The society provides members with a local perspective on a global designation including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities.

Celebrating its 75th anniversary in 2011, the society is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. With over 7,300 members, Toronto CFA Society is the 2nd largest CFA Society in the world. Our members are leaders in ethics within the financial community. For more information, please refer to www.torontocfa.ca.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Hillsdale Investment Management
Founded in 1996, Hillsdale is a leading Canadian independent investment boutique, providing a full range of traditional equity and alternative investment strategies to both institutional and individual investors.


Hillsdale Investment Management Inc.
100 Wellington Street West, Suite 2100 · TD Centre, P.O. Box 228 · Toronto ON M5K 1J3
Tel: (416) 913-3900 Fax: (416) 913-3901 · www.hillsdaleinv.com

 


 

Sean Foley Appointed CFO of Butterfield Fulcrum Group of Companies

Note to Canadian Editors - Butterfield Fulcrum and FORS, which services $100 billion in assets under administration, employ over 100 people in Canada with three offices: Toronto; Waterloo, Ontario; and Halifax, Nova Scotia.

 

New York, London, and Waterloo, Ontario: May 18, 2011 – Sean Foley has been appointed the Chief Financial Officer and Chief Administration Officer of Butterfield Fulcrum, a leading independent fund administrator, and FORS Limited, an independent provider of family office and wealth management reporting and administrative services.

 

Butterfield Fulcrum and FORS were recently brought together into one entity offering comprehensive outsourcing solutions across the alternative investment management, family office and trust industries. The two companies are run as separate businesses by their respective management.

Prior to being appointed as CFO and CAO of Butterfield Fulcrum and FORS, Mr. Foley served as the Group Financial Controller for Butterfield Fulcrum. Mr. Foley, who is located in Butterfield Fulcrum’s Waterloo, Ontario office, has over 14 years of experience in financial leadership roles at public and private Canadian companies.

 

“We are delighted to expand Sean’s role within the new entity, providing continuity to our team,” said Glenn Henderson, CEO of Butterfield Fulcrum. “He will be responsible for the integrity of the companies’ financial information and systems, as well as a key part of the executive team at Butterfield Fulcrum and FORS.”

 

Mr. Foley graduated from the University of Regina in Saskatchewan, Canada with a Bachelor of Administration degree. Mr. Foley began his career with Ernst and Young and holds a Canadian Chartered Accounting designation.

 

About Butterfield Fulcrum

 

Butterfield Fulcrum is a leading independent alternative fund administration company by assets under administration with more than two decades of experience servicing clients in the alternative investment industry. Butterfield Fulcrum provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds. Headquartered in Bermuda, the company services more than 700 funds and has 10 offices in eight countries and employs over 500 people. For more information, please visit www.bfgl.com.

 

About FORS

 

FORS Limited is an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients. FORS has offices in Bermuda, New York, Singapore and Toronto. The FORS team is committed to providing an exceptional level of personalized service focusing on meeting the unique demands of our clients, utilizing a leading family office web based technology platform to provide reporting solutions on client assets in excess of $25 billion. Its range of services include: a comprehensive accounting solution for family offices and trustees, preparation of financial statements, customized reporting solutions, investment monitoring, performance reporting, and family office administrative services. For more information, please visit www.fors.bm.

 

Media Contact

Lisa Jane O'Neil
LJO Associates, Inc
Email:
lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303


 

 

Vision Capital Announces Appointment of Jeff Roberts as Senior Vice President and Assistant Portfolio Manager

 

Vision Capital Corporation (“Vision”) is pleased to announce the appointment of Jeffrey T. Roberts as its Senior Vice President and Assistant Portfolio Manager.

Jeff joins the Vision team following his successful career as a highly regarded investment analyst focused on the public Canadian real estate sector. Most recently, Jeff served as Vice President and Real Estate Analyst at Desjardins Securities for 7 years. During his tenure, Jeff was highly respected by both clients and colleagues and was recognized as a top 3 ranked analyst by StarMine, a leading global consultant.

Prior to his career as an investment research analyst, Jeff served as the Senior Financial Manager at Menkes Developments Ltd., a large Toronto-based commercial and residential real estate developer.

Jeff is a graduate of the MBA program at York University’s Schulich School of Business where he won the Bronze Medal for academic achievement and placed second in Finance. He also holds a Bachelor of Laws degree from the University of Toronto, and is a member of both the Law Society of Upper Canada and the New York State Bar. Jeff received his Chartered Financial Analyst designation in 2006.

Jeffrey Olin, Vision’s President and CEO and Co-Portfolio Manager commented that, “We are ecstatic to be able to add an individual with the high degree of experience, expertise and professionalism that Jeff adds to the Vision team.” Frank Mayer, Vision’s Chairman and Co-Portfolio Manager added that, “We anticipate that the industry-leading performance of Vision’s real estate focused funds will be complemented and enhanced by the contribution of such a high calibre and knowledgeable professional.”

Please join us in welcoming Jeff to the team at Vision Capital Corporation.

Vision Capital Corporation (“Vision” or the “Manager”), a registrant with the Ontario Securities Commission, is the Manager of the Vision Opportunity Funds (“Vision Funds”). The Vision Funds focus primarily on the real estate sector, and invest predominantly in publicly-traded equity and debt securities.

Vision benefits from the experience, expertise, insights and relationships of its portfolio managers, Frank Mayer and Jeffrey Olin. Previously, Frank Mayer was a top-ranked Canadian real estate investment analyst and senior executive with several global and Canadian investment dealers for more than thirty five years. Jeffrey Olin has over twenty five years of senior level, corporate and investment industry experience, with ten years in the real estate industry and fifteen years in investment banking and investment industry senior management positions.

The Vision Opportunity Fund Limited Partnership, Vision’s largest fund, was the top performing fund in the Scotia Hedge Fund Index in 2010. It was also recognized as being one of the top 5 Funds in Canada at the Canadian Hedge Fund of the Year Awards, in each of the prior 2 years.

 

Contact

 

For further information please contact Mr. Jeffrey Olin at 416-362-6546 or visit our website at www.visioncap.ca

 

Jeffrey Olin

President and CEO

 

Vision Capital Corporation

1410 - 181 University Avenue

Toronto, ON M5H 3M7

 

Direct: 416-362-6546

Cell: 416-666-6546

Fax: 416-362-9594

olin@visioncap.ca

 

www.visioncap..ca

 

 


 

ARROW HEDGE REBRANDS AS ARROW CAPITAL MANAGEMENT

• C$1.2bn AUM asset manager expands its’ horizons to European market with joint

venture

• Significant lessons should have been learned by the industry; transparency and

capital protection are absolutely key

• Launch new website at www.arrow-capital.com

(TORONTO – 09 MAY 2011) – To strengthen their goal of offering leading investment products

globally, Canadian asset management veteran, Arrow Hedge Partners, is expanding its presence in

the UK through new firm, Generation Asset Management (G2AM).

The move coincides with a full corporate rebrand. After ten years as Arrow Hedge, the successful

Canadian fund manager is changing its name to Arrow Capital Management (“Arrow”).

The firm was founded in 1999 by Jim McGovern, former CEO and co-founder of BPI Financial

Corporation ("BPI"), a Canadian based investment manager; with the belief that true, active

management would lead to superior investment results, through down-side protection and solid,

long-term growth. This is an approach that Arrow believes relies more on manager skill, than on

market direction, to produce investment returns.

This belief has never changed. Consequently, Arrow has grown to one of the largest and most

experienced alternative investment managers in Canada, managing over C$1.2bn. The Arrow

offering consists of four principal funds that use a fund of hedge funds approach to investing.

Arrow also offers 14 single-manager hedge funds that invest following specialized investment

mandates. Arrow's flagship fund, Arrow Diversified Fund, returned 8% last year.

Jim McGovern, CEO of Arrow Capital Management, said: “We are very excited to be entering a

joint venture with Generation Asset Management in London. It is a great opportunity for us to

extend the institutional platform that we have built in Canada to European investors. We are

exceedingly optimistic about the strength of the combined teams.”

“In all of our products, we aim to continue offering best-in-class and innovative solutions to meet

our investors’ ever-changing investment needs. Capital protection is our first priority, and

transparency is at the core of everything we do. These principles will be mirrored in our

partnership with Generation” added Mark Purdy, Managing Director & CIO of Arrow.

Arrow’s views of the importance of transparency are as follows:

• There is no other way to monitor risk within a strategy.

• It is the only way you can monitor style drift – holdings may not be consistent with the

strategy.

• It is the only way you can roll up the fund of fund to monitor both exposure and risk.

• Allows you to better “pair up” strategies when possible, leading to a better risk/return for

the investor.

END

Enquiries: Max Hilton/Daniel Jason, Peregrine Communications

Tel (Direct): +44 20 3178 6873/+44 20 3178 2496

Tel (Mobile): +44 7950 003 138/+44 7941 225 651

max.hilton@peregrinecommunications.co.uk

daniel.jason@peregrinecommunications.co.uk

ABOUT ARROW CAPITAL MANAGEMENT

The team has an established process for screening and identifying highly skilled managers

globally. These managers are vetted and put through Arrow’s rigorous due-diligence process, with

the objective of each manager aligning with Arrow’s philosophy and core values (skill, integrity,

experience and focus on risk management). With research offices around the globe, Arrow has an

extensive network of resources and intelligence that allowed the firm to develop a unique topdown

global perspective. This macro view is combined with a comprehensive bottom-up process in

manager selection in order to generate Arrow’s portfolio construction.

With capital protection paramount to Arrow’s proposition, the firm offers multi-manager portfolios

to form the core of a client’s investment portfolio, and single manager mandates for clients looking

to complement an existing portfolio. Arrow can also create bespoke customized portfolios designed

to meet a client’s investment objectives.

Through our funds of hedge funds, Arrow has created the opportunity to invest with talented

investment managers globally. Arrow’s globally diversified client base includes pension funds and

institutions, as well as family offices and high net worth investors.

With transparency at the root of Arrow’s investment case, the team is made up of seasoned

portfolio managers, giving clients access to some of the world’s best alternative investment fund

managers. Arrow currently employs 31 staff and 5 principals.

 


 

Winner of 2010 AIMA Canada- Hillsdale Research Award Announced

Toronto, April 19, 2011- The Alternative Investment Management Association-Canada Inc. (AIMA Canada) and Hillsdale Investment Management Inc. (Hillsdale) are pleased to announce that the winners of the 2010 AIMA Canada-Hillsdale Research Award (ACHRA) are Alexandre Hocquard, Sunny Ng and Nicolas Papageorgiou of Brockhouse Cooper and HEC Montreal.

The winning paper, entitled ‘A Constant Volatility Framework for Managing Tail Risk’, presents research which suggests that strategic asset allocation based on Modern Portfolio Theory is neither a sufficient nor reliable risk-management tool during crises. The authors’ research shows that the failure of strategic asset allocation as the sole risk management technique can largely be attributed to the fact that volatility is not stable over time and historical correlations between asset classes tend to break down during periods of market stress. Conventional tail-risk hedging techniques such as the use of options, swaps, and other insurance instruments can be costly and implicitly create a drag on portfolio performance. In response, the authors demonstrate that investors can better manage tail risk and improve risk-adjusted returns by seeking to maintain a constant level of volatility. This can be achieved by using futures contracts to dynamically adjust their portfolio's exposure in response to changes in the prevailing level of market volatility.

Messrs. Hocquard, Ng and Papageorgiou will share the cash prize of $10,000 for their submission, which was selected among entries from both Canadian investment professionals and academics. The winning submission was determined by an independent adjudication panel chaired by Paul Bates, Dean of the DeGroote School of Business at McMaster University. The panel consisted of leading academic faculty from business schools across Canada. In addition to receiving the cash award, a condensed version of the winners’ paper will be published by Canadian Investment Review and made available on its website at www.investmentreview.com. The full paper is available on both the AIMA Canada and Hillsdale websites.

In congratulating this year’s recipients, we are reminded of the increasingly high standard set by ACHRA award winners in each of its six years. The award was created to encourage and recognize high-quality applied research in the field of alternative investments in Canada. As such, we welcome future contributions from academics, students and practitioners who are either Canadian residents or Canadian citizens living abroad. We look forward to another round of high-quality ACHRA submissions for 2011.

AIMA Canada and Hillsdale entered into a partnership in December 2008 to ensure the continuity and success of this prestigious and important research award. The award was originally established in 2004 and, in recognition or the Hillsdale partnership, is now known as the AIMA Canada- Hillsdale Research Award.

About the Alternative Investment Management Association (AIMA)

AIMA is the hedge fund industry's global, not-for-profit trade association with over 1,200 corporate members (with over 5,000 individual contacts) in more than 40 countries worldwide.

Members include hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators.

 

AIMA Canada, the Canadian chapter of the Alternative Investment Management Association (AIMA), was formed in March 2003 to act as the voice of the alternative investment industry in Canada. AIMA Canada now has over 65 corporate members. Additional information on AIMA Canada is available at www.aima-canada.org

 

About Hillsdale Investment Management Inc.

Founded in 1996, Hillsdale is a leading Canadian independent investment boutique, providing a full range of traditional equity and alternative investment strategies to both institutional and individual investors. Hillsdale manages a spectrum of long only, long/short and custom designed strategies employing a core investment style carefully implemented using an adaptive multi-strategy, risk controlled process. Additional information on Hillsdale is available at www.hillsdaleinv.com

For further inquiries:

Media Contacts:

Francis Communications Hillsdale Investment Management Inc.

 

Barry Francis 416-447-7908 barry@franciscommunications.com

 

Chen Yongjian 416-913-3943 CYongjian@hillsdaleinv.com


 

Sentry Select Capital Inc. announces the implementation of the Sentry Select MBS Adjustable Rate Income Fund II restructuring and provides indicative distribution amount

 

TORONTO, ONTARIO--(Marketwire - March 28, 2011) - Sentry Select Capital Inc. ("Sentry" or the "Manager") is pleased to announce that it will complete the restructuring of Sentry Select MBS Adjustable Rate Income Fund II (the "Fund") on March 31, 2011 (the "Effective Date"). As of the Effective Date, the Fund will be renamed "Sentry U.S. Growth and Income Fund" and will be administered as a National Instrument 81-102 - Mutual Funds compliant open-end mutual fund.

As a part of its restructuring, on the Effective Date the Fund's investment objective will be changed to require that the Fund seek a balance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of dividend-paying U.S. equity securities, including common and preferred shares and, to a lesser extent, interest bearing securities, such as bonds, bills or bankers' acceptances. The Manager believes that the U.S. market offers an excellent investment opportunity for the application of Sentry's investment style.

On the Effective Date, the Fund's existing Class A and Class X units will be consolidated and renamed Class X units. Beginning April 1, 2011, the Fund will be eligible for daily redemptions. While the Manager is currently not accepting purchase orders of units of the Fund, it is anticipated that units of the Sentry U.S. Growth and Income Fund will be available for daily purchase once qualified for distribution under a simplified prospectus, which is expected to occur on or about May 27, 2011. At this time, it is expected that the Fund will offer Series A, Series F and Series I units with applicable fees similar to those of other equity funds within the Sentry Group of Funds.

As of the Effective Date, the Manager will be paid only that portion of the management fee that the Manager pays directly to investment dealers as a servicing fee. This will continue for a period of five years for existing unitholders. To that end, the management fee payable to the Manager by the Fund in respect of the Class X units of the Fund will be set at 0.40% per annum of the monthly average of the daily class net asset value per unit of the Fund.

Sentry is also pleased to announce that the Fund's indicative distribution amount, beginning with the April distribution, will be $0.017 per Class X unit/per month. Based on the latest net asset value per unit of $5.85, the annualized yield will be approximately 3.5%. Please note, however, that if the make-up of the Fund's portfolio changes, actual distribution amounts may differ.

An added benefit of the restructuring is that the Fund will be able to preserve its current tax losses, which amount to approximately $69 million in capital losses and $20 million in accrued non-capital losses.

Sentry Investments

Sentry Investments is a Canadian asset management company that offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investments, covering a variety of domestic and global mandates.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to Sentry. The forward-looking statements are not historical facts but reflect Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, the Fund's proposed indicative distribution amount and timing of the restructuring. Although Sentry believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the fund, please visit www.sedar.com.

Sentry Select Capital Inc.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615

 

 

For more information, please contact

Sentry Select Capital Inc.
Investor Relations (broker/investor inquiries)
1-888-730-4623
416-364-1197
info@sentry.ca
www.sentry.ca

 

 

 

 
For Immediate Release
February 23, 2011



NIAGARA CAPITAL PARTNERS LTD. LAUNCHES FUTURES-FOCUSED
FUND AFTER 4 YEAR INCUBATION PERIOD
 
February 23, 2011. Toronto
 
After 4 years of incubating the strategy in the form of a Canadian LP, Niagara Capital Partners Ltd. is making its Niagara Discovery Fund Ltd. available to non-Canadian and non-U.S. investors and the Canadian LP, the Niagara Discovery Fund more widely available to Canadian investors. A slow, organic approach is in keeping with the firm’s culture.
 
The fund is the creation of Niagara CIO David Rothberg and Albert Friedberg, CIO of Friedberg Mercantile Group Ltd. (FMGL) and the PM of the Friedberg Global Macro Hedge Fund Ltd. Rothberg has worked at FMGL since the 1970s as an analyst, portfolio manager of futures and options, product developer, and founding -- and current -- member of its risk management committee.
 
“At Friedberg we take our time to get confident things work before offering them to outside investors,” Rothberg says. The Friedberg Global Macro Fund, like the Niagara Discovery Fund, had a four year history before being actively marketed.
 
Niagara Discovery Fund uses many of the same tools Rothberg has seen FMGL use in its asset management business over the years: momentum, fundamental and technical analysis, sentiment, pattern recognition, and value. Being different, the tools offer relatively uncorrelated return streams.
 
To find ‘operators’ for the tools, Friedberg developed a qualitative method. Rothberg got traders’ month end statements, plotted their buys and sells over the charts of markets they traded, then Friedberg, without knowing anything about the trader or his returns, looked at the trading patterns in search of ‘elegance’.
 
“We didn’t define the term,” Rothberg explains. “Friedberg assumed we’d know what it meant when we saw it. And he was right.”
 
The first operator Friedberg and Rothberg chose was a momentum specialist. The pattern recognition specialist came on board ten months later, the fundamental and technical operator five months after that. Value joined in the summer of 2009, and sentiment in the fall of that year.
 
“It’s a good team,” Rothberg says. “The operators come from different backgrounds and use different approaches but they all embody dedication, creativity, sharpness and tough-mindedness.”
 
While they were searching for the right mix of tools and operators, Rothberg and Friedberg developed a risk management process customized to the fund.
 
“We learned to allocate in terms of volatility and correlation, i.e. in terms of capital preservation and not in an attempt to maximize returns,” Rothberg says. “We learned how to verify that each operator observed his own, local, risk management rules. And we learned how to determine when the tools in aggregate accidentally brought too much risk to the portfolio universally. And finally we developed a method of seeking to hedge that risk out.”
 
In taking from 2006 to 2010 to refine and test, the Canadian LP marinated in three distinct and very challenging environments. It was profitable in all of them, including 2008 and 2009, the latter being a particularly difficult year for futures-focused strategies.
 
One, three, and life-to-date returns of the Canadian LP have been 22.99%, 20.15%, and 18.78%, respectively. Annualized volatility has averaged 16.65%.*
 
“Good things take time,” Rothberg says.
 
“Niagara Discovery Fund is a fund built entirely on our experience. We know the tools work. We understand how they work. We used our experience to develop our own way of selecting the operators. Experience is another way of speaking about time.”
 
Niagara Discovery Fund Ltd. is a feeder fund to Niagara Discovery Master Fund Ltd., a Cayman Islands fund of managed accounts custodied at Goldman Sachs Execution & Clearing, L.P. through Merlin Securities. Seward and Kissel LLP and Walkers are counsel to the fund and to Niagara. Rothstein Kass & Company audits. Cayman National Fund Services Ltd. is the administrator.
 
Niagara Capital Partners Ltd. is an asset management firm headquartered in Toronto, Canada specializing in liquid alternative investment strategies.
 
*“Past performance is no guarantee or projection of future results. Performance numbers reflect a ceiling on administrative expenses charged to the fund of 40bps. Performance attributable to all five ‘operators’ from November 2009 only. Under no circumstances should the information contained herein be used or considered as an offer to sell, or a solicitation of an offer to purchase, any security or investment service. The information presented herein is presented in summary form and is, therefore, subject to qualification and further explanation. More complete information about Niagara Capital products and services is contained in the descriptive documents for such products and services.”
 
 
For further information contact: Maureen Darrigo at mdarrigo@niagaracapital.ca
 
###


Please click here for a pdf version of this press release.


 


 

 

PINNACLE FUND ADMINISTRATION EXPANDS NORTH AMERICAN SERVICES WITH NEW VANCOUVER OFFICE


Charlotte, NC, January 4, 2011 –Pinnacle Fund Administration (“Pinnacle”), a provider of full service fund administration services to onshore and offshore alternative investment vehicles, today announces that it has expanded its North American operations with the opening of its Canada office in Vancouver.
Pinnacle Canada Fund Administration Ltd., will be managed by industry veterans David Smith and Keith Donald and will serve the Canadian alternative market as well as strategic international locations.
David Smith, a Canadian Chartered Accountant, is the co-founder of Pinnacle and has over ten years experience in the hedge fund industry. From 2000 to 2004, he practiced in the hedge fund industry in Bermuda, first at Ernst & Young and then, at Prime Management Limited. In 2004 he established Pinnacle Fund Administration LLC in Charlotte, North Carolina. At Pinnacle, David was responsible for the delivery of fund administration services to clients and investors including the development of Pinnacle’s technology platform and operating systems.
Keith Donald, a UK Chartered Accountant has over 12 years experience in the hedge fund industry, practicing in Bermuda between 1998 and 2008 at KPMG and Olympia Capital. Following his move to Canada in 2008 Keith was Chief Executive Officer of CACEIS (Canada) Limited. At CACEIS and Olympia Capital, Keith was responsible for all aspects of operations, including new client integration, business development and client relationship management.
John Kelly, Managing Member of Pinnacle Fund Administration LLC, said “There are tremendous opportunities in the Canadian market. We are also delighted to attract a talented professional of Keith Donald’s calibre to join our team in the next phase of Pinnacle’s growth.”
David Smith, Managing Director, Pinnacle Canada Fund Administration Ltd., said “Opening the Vancouver office allows us to collaborate with our Canadian clients, understanding their local service and regulatory needs whilst leveraging the client service and technology model that enabled our success in the United States market.”

About Pinnacle Fund Administration
Pinnacle Fund Administration is an independent and privately owned full service administration business that provides quality service to onshore and offshore alternative investment vehicles, including hedge funds, fund of funds and private equity funds, irrespective of size or strategy. Hallmarks of Pinnacle’s service include attention to detail by highly trained, experienced and ethical individuals, timely delivery of accurate net asset value calculations, easy to read investor statements, and responsive turnaround of enquiries from interested parties. Pinnacle’s rating of “Best in Class” from the 2010 Global Custodian Survey of 38 administration companies recognized the high quality of its client services and proprietary technology systems.

Media Contacts:

United States John Kelly: jkelly@pinnacleadmin.com or Tel: 704 927 5400

Canada David Smith: dsmith@pinnacleadmin.com or Tel: 604 639 3115
Keith Donald: kdonald@pinnacleadmin.com or Tel: 604 639 3116




Merlin Securities Expands into Canada

Daniel Dorenbush, Former RBC Managing Director, Tapped as CEO of Merlin Canada

Merlin Clients Now Have Access to National Bank Correspondent Network for Custody and Clearing

NEW YORK--(BUSINESS WIRE)--Merlin Securities, a leading prime brokerage services and technology solutions provider, today announced that it has launched operations in Canada after receiving approval from the Investment Industry Regulatory Organization of Canada (IIROC) to operate as a Dealer Member. Daniel Dorenbush has been appointed CEO of Merlin Canada Ltd.

“The Canadian prime brokerage landscape is very different from that of the United States”

Merlin Canada will offer custody and clearing through the National Bank Correspondent Network (NBCN), a subsidiary of National Bank Financial, in addition to Merlin’s current roster of U.S. clearing and custodial options.

“We are delighted to have Daniel on board and to be working with NBCN, the Canadian leader in third-party and brokerage services,” said Aaron Vermut, co-founder and COO of Merlin and chairman of Merlin Canada Ltd. “As the first and only introducing prime brokerage services company in Canada we see a significant opportunity both for Merlin and for Canadian managers. We have more than 500 hedge fund clients in the U.S. and one priority – to provide the technology and services that enable our clients grow to their businesses. We look forward to bringing our innovative product suite to Canadian hedge funds.”

As CEO, Dorenbush will be responsible for introducing prime brokerage services and technology solutions to Canadian alternative investment managers. Merlin intends to bring its industry leading proprietary portfolio reporting, trading, and technology solutions to this new marketplace.

“The Canadian prime brokerage landscape is very different from that of the United States,” said Dorenbush. “Apart from the largest Canadian banks, there are no significant competitors in Canada and certainly none who offer Merlin’s combination of cutting-edge technology, trading execution, capital introduction and custody solutions. In this way, Merlin’s entry into the market is a potential game-changer. I’m truly excited about the opportunity to provide Canadian managers with the same tools and competitive advantages that Merlin’s U.S. clients have.”

Daniel Dorenbush was most recently a New York-based managing director and global head of strategic sales and relationship management in the Hedge Fund Services division at RBC Capital Markets. Prior to this he was based in Toronto as RBC’s global head of prime brokerage. Dorenbush is a CFA Charterholder and received his M.B.A. from McGill University and his H.BA from the University of Toronto.

“Merlin Securities is an acknowledged leader in its domain and we are very pleased to contribute actively to its future success,” said David Burnes, executive vice-president and chief operating officer of NBCN. “This decision further establishes NBCN as the leading provider within the Canadian clearing marketplace. NBCN’s flexible service model and national footprint work well with Merlin Securities’ business model and future growth plans.”

Dorenbush is based in Merlin’s Bay Street office in Toronto. Merlin Canada Ltd. is a wholly owned subsidiary of Merlin Securities, LLC.

About Merlin Securities

Merlin is a leading prime brokerage services and technology provider, offering integrated solutions to the alternative investment industry. The firm serves more than 500 single- and multi-primed managers, providing them with a broad suite of solutions including dynamic performance attribution analytics and reporting, seamless multi-custody services, capital development, 24-hour international trading, securities lending experts and institutional brokerage. With offices in New York, San Francisco, Boston, Chicago, San Diego and Toronto, Merlin utilizes the custodial and clearing operations of JP Morgan, Goldman Sachs, Northern Trust and National Bank of Canada. Merlin is a member of FINRA and SIPC. For more information, please visit www.merlinsecurities.com.

About NBCN

Founded in 1990, NBCN is the first and largest supplier of third-party administrative and support services to the Canadian financial services industry. NBCN administers over $50 billion on behalf of more than 100 Canadian financial services firms, including more than 65 IIROC-licensed firms like Merlin Securities, ranging from small boutiques, financial planners and investment counsellors, to large integrated companies. www.nbcn.ca


 

 

Hedge Funds Care Canada Gala Raises More Than C$200,000 for Prevention and Treatment of Child Abuse


Toronto ON November 10, 2010 – Close to 200 leaders of Canada’s hedge fund industry gathered at the Ultra Supper Club in Toronto November 3rd for the seventh annual Open Your Hearts to the Children Gala.
The special fundraising evening organized by Hedge Funds Care Canada raised more than C$200,000 for the prevention and treatment of child abuse, bringing the amount the event has raised for this worthwhile cause to date to more than C$1.2 million.
“We are delighted that all proceeds from the event will go to support local and national foundations that support the prevention and treatment of child abuse,” said Hedge Funds Care Canada President and Director Corey Goldman. “The dollars raised this year will have a very positive impact in fighting the scourge of child abuse in this country.”
The evening’s program included presentation of a special award to fund administrator Citco Canada in appreciation of their innovative fundraising efforts in support of Hedge Funds Care Canada which, through dress-down days raised in excess of C$25,000 this year alone.
Event Chair Caroline Sidle acknowledged the hedge fund community’s “overwhelming response to the gala and the cause it supports,” which she noted was particularly important in these still-challenging times.
She also expressed gratitude for the generous support of Gala sponsors, including lead sponsor Sprott Asset Management, as well as Gigantic Heart sponsors Polar Securities, Scotia Capital, MAN Investments and many others.
Other principal sponsors lending their support to Hedge Funds Care Canada this year include Adaly Investment Management, Arrow Hedge Partners, BMO Capital Markets, Marret Asset Management, RBC Capital Markets, Salida Capital and AIMA Canada.

About Hedge Funds Care
Hedge Funds Care Canada was established in 2004 as a way for the Canadian hedge fund community to give back to organizations that provide prevention services to children and families who are at risk for abuse and/or neglect, and treatment to children who have been victims of abuse.
Hedge Funds Care Canada is part of a global alliance that began 12 years ago in New York and has grown into an international nonprofit organization. To date, Hedge Funds Care has distributed over $23 million through more than 660 grants among its various chapters in Toronto, New York, San Francisco, Chicago, Atlanta, Boston, Denver, London, the Cayman Islands, Twin Cities, and Los Angeles.
Hedge Funds Care is proud to be the only business group solely devoted to combating child abuse, and in 12 years has made a powerful contribution to saving children. Because of the shame associated with child abuse, it remains a dramatically under-resourced and rarely discussed problem.
For additional information please visit www.HedgeFundsCare.org.

Media Contacts:

Hedge Funds Care Canada:
Corey Goldman
416-322-2863
corey@coreygoldman.com

Francis Communications:
Barry Francis
416-876-3204
barry@franciscommunications.com


 

SFCS Capital Brings Universa’s Black Swan to Canada

SFCS Capital is pleased to announce that it has developed investment products, which, among other things, provide access to the expertise of Universa Investments LP, an investment management firm founded by Mark W. Spitznagel and for which Nassim Taleb, author of The Black Swan, is the Senior Scientific Advisor. As a consequence of an anchor investment with Universa, SFCS Capital is able to take advantage of Universa’s unique expertise in managing left-tail risk for the portfolio (which is most prevalent during periods of extreme market stress) to offer eligible Canadian investors with investment opportunities that combine upside participation during periods of rising markets with true downside protection on their investment during market crashes and shocks.


“In a world where financial institutions, businesses and governments are inter-connected in ways that are often hard to measure much less ascertain, a large enough crisis will affect all assets and regions just like it did in 2008. Risk in the modern global context is viral and almost instantaneously transmittable from country to country. Portfolio diversification in this context is only part of the solution.” says Claude Bovet, CEO of SFCS Capital. “Because financial markets are often unstable and thus prone to unexpected large losses, we believe that a permanent protection against these “Black Swans” is critical to effective investment management. In this regard, we are extremely fortunate to be able to provide Canadians with access to the insights of Nassim Taleb, the father of the Black Swan philosophy, and the investment expertise of Mark Spitznagel”.


SFCS Capital is a boutique investment management firm uniquely focused on merging capital preservation with positive market returns in all investment environments by incorporating tail-risk protection strategies. SFCS Capital, an affiliate of Swiss Financial & Consulting Services SA, a Geneva-based family office, provides fund management services to accredited investors in Canada through SFCS Capital (Canada) Corp, with head office in Vancouver and a newly-opened office in Toronto, and for other investors through SFCS Capital Ltd based in the Cayman Islands.


SFCS Capital (Canada) Corp recently announced the appointment of Dwayne Dreger to head its expansion strategy in Canada from its new Toronto office. Dreger, a 20 year financial industry veteran, will be responsible for increasing the visibility of the firm’s products across Canada as well as growing its client base, managing its corporate profile and overseeing the Toronto office.


“We are delighted to have been able to attract a recognized business development veteran such as Dwayne Dreger to help us grow our presence in Canada. Dwayne will be instrumental in taking our unique products to the next level of visibility across Canada” says Mr. Bovet.


For more information on SFCS Capital, please contact Dwayne Dreger on (416) 646-7329 and visit: www.sfcscapital.com


 

Blackheath Launches First Volatility Arbitrage Fund in Canada

Blackheath Fund Management Inc. is proud to launch its newest fund, the Blackheath Volatility Arbitrage Fund, LP ("Vol Arb Fund"), a managed futures fund for Canadian accredited and institutional investors.

The Vol Arb Fund employs a proprietary program to systematically arbitrage volatility across all the major futures options markets. Blackheath is proud to be the first firm in Canada to bring this strategy to investors.

Portfolio Manager Andrew Cumming says, "I've been trading and refining this program over the past fifteen years as a derivatives specialist at Deutsche Bank, Citibank and Scotiabank. This program is the culmination of years of development and is truly the crowning achievement of my career."

This strategy offers returns that are independent of the stock market.

Investment Strategy

The Vol Arb Fund exploits the fact that the implied volatility on options consistently outstrips statistical volatility. The Vol Arb Fund maintains a diversified book of futures and options to exploit this phenomenon on a wide variety of markets including the S&P 500, Gold, Natural Gas, 30 year Bond, Crude and all major currencies.

About Blackheath Fund Management Inc.

Currently managing over US $30 million in client assets, Blackheath Fund Management Inc. is an OSC registered advisory firm committed to investment strategies in managed futures that provide absolute returns independent of equity or fixed income markets. Blackheath funds invest only in major markets which allow the funds to provide a high degree of liquidity and transparency to its investors.

The first Blackheath managed futures fund, Blackheath Futures Fund LP, was launched in October, 2009 with a strategy based on interpretation of investor sentiment and positioning.

This information is not a solicitation and should not be considered as a recommendation for you to engage in any transaction involving the purchase Blackheath Volatility Arbitrage Fund, LP. The risk of loss in trading futures contracts or commodity options can be substantial. Investors should carefully consider the risks of investing in light of their investment objectives, risk tolerance and financial circumstances. Important information about the Blackheath Volatility Arbitrage Fund, LP is contained in the Offering Memorandum.

For more information, please contact

Blackheath Fund Management Inc.
Jennifer Coghill
416-363-2962
jcoghill@blackheathfundmanagement.com
www.blackheathfundmanagement.com

 


 

Apex Fund Services expands North America market with opening of Toronto office

Toronto, Canada: 22 September 2010:  Apex Fund Services, the leading, independent global fund-administration business, with over US$15bn AUM, announces its strategy to expand it's North American fund administration services and client base with the opening of its Canada office in Toronto.

Apex Fund Services (Canada) Ltd will be managed and run by Alex Chapman. Alex was formerly vice president and part-owner of Commonwealth Fund Services, the successor to Mintz Fund Services that Alex created and managed. At Commonwealth he provided consultation to some of the largest Canadian portfolio managers and assisted with the launch of many hedge funds and implemented best practice.

Prior to this Alex worked in Monaco managing a small offshore fund administration company. Alex was involved in advising both the DIFC and the Monaco government on their collective investment laws. Alex graduated from Oxford Brookes University where he studied Accounting & Finance with Statistics. He is a UK chartered accountant.

Reflecting the rapid growth of Apex Fund Services, the Company now has offices in 15 countries and has won numerous awards globally for its excellence and innovation in providing fund administration services to an international array of hedge funds and pooled funds. Some of Apex’s recent product launches include MOOR (real-time Middle Office Operational Risk  service) and the Emerging Manager Platform in Bermuda.

Peter Hughes, Managing Director of Apex Fund Services Ltd, said;

“We view the Canadian market as having significant potential for growth and we are already seeing a number of new fund launches. The opening of our office in Toronto will consolidate our success, particularly in North America, and will allow us to build on the progress already made by our US office.

“Apex has a stated strategy of being located in the same jurisdiction as its clients which enables us to work closely with them, offer bespoke services and understand their local regulatory requirements.

“Our extensive global network is increasingly benefitting our clients as we transfer innovative solutions from one part of the world to any other. Apex is committed to providing un-rivalled levels of value added services to its clients and we will continue to expand the business in line with our growing client base.”

Alex Chapman, Managing Director, Apex Fund Services, Canada, said:

“Canada has needed an administrator such as Apex for many years now, an administrator who can offer international best practice and cutting-edge technology at excellent value.”

For further information:


Apex Fund Services Limited
www.apexfundservices.com
Peter Hughes, Managing Director +1 441 292 2739 peter@apex.bm

Alex Chapman, Managing Director, Canada +1 416 361 7154 alex@apexfunds.ca

Mark Way, Corporate Communication +44 7786 116991 mark@apex.bm

 

About Apex Fund Services Ltd.

 

· With over $15 billion of assets under administration Apex services its clients through 15 offices across the globe.

 

· In the last year alone Apex has taken in over 100 new clients. The firm continues to launch into new territories to provide “local” services to its clients with regional expertise

 

· Apex’s client base consists of hedge fund, long only and private equity managers, ranging in size from start-up operations to global businesses.

 

· The firm services a variety of alternative investment products such as real estate, private equity, venture capital, commodities and hedged and absolute strategies.

 

· The firm provides the full suite of products and services, including fund set up, portfolio valuations, fund accounting, shareholder services, corporate secretarial administration, directorships and listing sponsorship.

 


 

 

AIMA Canada Announces Executive Committee Membership for 2010 - 2012
Toronto ON – September 21, 2010 –

AIMA Canada, the national group of the Alternative Investment Management Association (AIMA), is pleased to announce the membership of its Executive Committee for 2010-2012 which will include:

Chairman: Gary Ostoich, Spartan Fund Management
Deputy-Chair: Eamonn McConnell, Manna Asset Management
Legal Counsel: Michael Burns, McMillan LLP
Secretary: Andrew Doman, Man Investments Canada Corp.
Treasurer: Chris Pitts, PricewaterhouseCoopers

In announcing the new Executive Committee membership, AIMA Canada Chairman Gary Ostoich, who succeeded Phil Schmitt as Chairman in 2009, expressed gratitude to his fellow Executive Committee members all of whom were elected to serve for an additional two-year term.

“On behalf of AIMA Canada, I would like to express sincere appreciation to Eamonn McConnell, Michael Burns, Andrew Doman and Chris Pitts for their past service and the important contributions they have made to the association’s work during the past two years. I look forward to continuing to work with them over the next two years,” he said.

About the Alternative Investment Management Association (AIMA)

Celebrating its 20th anniversary in 2010, AIMA, the Alternative Investment Management Association, is the hedge fund industry's global, not-for-profit trade association with over 1,100 corporate members (with over 4,500 individual contacts) worldwide.

Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting services, fund administrators and independent fund directors. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators.

AIMA is a dynamic organization that reflects its membership’s interests and provides them with a vibrant global network. AIMA is committed to developing industry skills and education standards, and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the industry’s first and only specialized educational standard for alternative investment specialists.

AIMA Canada was formed in March 2003 to act as the voice of the alternative investment industry in Canada. AIMA Canada now has close to 70 corporate members. Additional information on AIMA Canada is available at www.aima-canada.org.

Media Contacts
AIMA Canada
Corey Goldman
416-453-0111
cgoldman@aima-canada.org

Francis Communications
Barry Francis
416-876-3204
barry@franciscommunications.com

 


 

 

Integrated Asset Management Corp. (“IAM”) (TSX:IAM) announced today the launch of River Plate House Capital Management Inc. (“River Plate House”).

River Plate House was founded in May 2010 by Michael H. Hyman, President, CEO and CIO, Julian C. Smith, Executive Vice President and COO, and majority partner IAM. River Plate House is located in the IAM Toronto offices. River Plate House is registered with the Ontario Securities Commission as an Investment Fund Manager, Portfolio Manager and Exempt Market Dealer.

River Plate House is a unique, solutions-based global alternative investment manager offering macro global government bond long / short investment strategies focused on real interest rates, as well as customized solutions for managing asset / liability and longevity risk.

Michael Hyman has long been an innovator and pioneer in global fixed income and risk management. He is the author of two books “Power of Global Capital” and “New Ways for Managing Global Financial Risks”.

In 1987, Michael founded, built and ultimately sold GH Asset Management in London, England. He was the top-ranked global fixed income manager in a 500+ manager universe for 5 consecutive years and achieved an annualized rate of return of 16.7% over a 10 year period. River Plate House focuses on adding “real” value to the single currency return in diversified and liquid multi-currency global government bond portfolios.

Michael Hyman said “we are in a generation where rising real interest rates will be at the forefront of investors’ minds and with the support of IAM, River Plate House is poised to take advantage of opportunities in the global government fixed income markets that have not been available for a long time”.

Victor Koloshuk, Chairman, President & CEO of IAM, said “The timing of the launch of River Plate House is ideal as pension funds re-focus on real rates of return and LDI, and insurance companies seek to contain longevity risk and achieve more effective asset / liability matching.”

For further information, please contact:

Michael H. Hyman or David G. Mather

President, CEO and CIO Executive Vice president

River Plate House Capital Management Inc. Integrated Asset Management Inc.

T: 416.360.3456 T: 416.933.8274

E: mhyman@rphcapital.com E: dmather@iamgroup.ca

David G. Mather
Executive Vice President
dmather@iamgroup.ca

Integrated Asset Management
70 University Avenue, Suite 1200
Toronto, ON M5J 2M4
D: 416.933.8274
C: 416.417.4670
F: 416.360.7446
iamgroup.ca


 

 

Garrison Hill/ Redwood to Launch Canada's first European Crisis Fund / Financial Post Feature

Thursday, June 24th 2010 12:00am

Toronto, Ontario: Garrison Hill Capital Management along with partner Redwood Asset Management, are pleased to announce the launch of Canada's first Fund focused on the European financial crisis.

The Garrison Hill European Crisis Fund seeks to provide investors with the ability to profit and hedge their portfolios from deteriorating political and economic conditions in the Euro Zone.

"Economic and political issues in Europe continue to influence investment returns in other asset classes globally," said Michael Yhip, President and Chief Investment Officer of Garrison Hill. "We believe these are structural issues that will take years to resolve and investors need to manage the risk to their portfolios accordingly. The European Crisis Fund provides investors a unique investment opportunity and risk management tool."

The Fund will be actively managed and will use long and short strategies in a broad range of asset classes such as currencies, commodities, fixed income, and equities in order to achieve its investment objective.

The Garrison Hill European Crisis Fund will be available through Redwood Asset Management. Garrison Hill will act as the sole Portfolio Advisor to the Fund. "Redwood is pleased to partner with Garrison Hill as they have demonstrated the ability to understand complicated global events and turn them into distinct investable ideas" said Peter Shippen, President of Redwood.

The Fund is currently being marketed to accredited investors only with an anticipated launch date of July 12, 2010.


Further information can be found at www.redwoodasset.com/eurocrisisfund.html

Michael Yhip, President & Chief Investment Officer
Garrison Hill Capital Management Inc.
Tel. 416-203-2212
Fax. 416-361-6181
Email. michael@ghcm.ca

 


 

Canadian Margaret Franklin, CFA, to Chair CFA Institute Board of Governors

Boston, Massachusetts, 18 May 2010 -- Margaret Franklin, CFA, has been elected chair of the Board of Governors of CFA Institute, the global association for investment professionals that administers the CFA program worldwide and advocates for high standards of practice within the global investment industry. CFA Institute members concluded their vote for the 2010-2011 CFA Institute Board of Governors members on May 16, 2010 as part of CFA Institute Annual Conference in Boston. Franklin will begin her one-year term on September 1, 2010.

Franklin, CFA, is the President & CEO of Kinsale Private Wealth. Based in Toronto, she has almost 20 years of financial industry experience in investment management with both institutional and private clients. She worked with global institutions including Barclays Global Investors, State Street Global Advisors and Mercer before moving to the private client business. Franklin was a partner in a boutique private client firm for eight years before Kinsale Private Wealth. She is the past chair of the audit and risk committee of the CFA Institute Board of Governors, and has also headed its external relations, and volunteer involvement, and planning committees. She is a past president of the Toronto CFA Society and received the CFA designation in 1997.

Franklin will head a 17-member Board of Governors composed of investment professionals from eight countries: Canada, China, Japan, Singapore, Switzerland, United Arab Emirates, United Kingdom, and the United States. She succeeds Tom Welch, CFA, managing director and regional manager of the institutional client service team at Wells Capital Management in Minneapolis, MN, United States. Each year the CFA Institute membership votes at its annual meeting to elect new Board members.

Welch will continue to serve on the Board as immediate past chair, and Dan Meader, CFA, founder and managing partner of Trinity Advisory Group in Southlake, TX United States, will act as vice chair.
“Now, more than ever, investors, governments and regulators are seeking the highest educational, ethical and professional standards from investment professionals,” said Franklin. “With a commitment to fairness and integrity, CFA Institute is poised to lead the industry in its efforts to regain investor confidence and trust. As a Canadian, I bring the unique perspective of having observed a global financial crisis from a country whose capital markets and financial institutions proved comparatively sound. There is a great deal that industry participants around the world can learn from this Canadian experience.”

Franklin added that, “in the past year, 200,000 people who aspire to be the best in our field showed their commitment to our mission by participating in the CFA Program. They join more than 87,000 CFA charterholders in 132 countries who adhere to our mission and values every day. This is a powerful statement about the future of our profession. CFA Institute, under the leadership of CEO John Rogers, CFA, will play a key role in strengthening the foundation of the financial services industry. On behalf of the Board of Governors, I thank our members for entrusting this organization’s governance to us.”

“Having worked with Margaret on a number of CFA Institute initiatives over the years, I know first-hand that the Board of Governors will be led by an investment professional committed to promoting full disclosure, accountability, and integrity in financial markets,” said Janine Guenther, CFA, Presidents' Council Representative for the Canadian CFA Institute member societies. “Margaret is a credit to our industry and CFA Institute.”

“I am honored to work with Margaret and the other members of the Board of Governors as we continue the tradition of using strong, thoughtful governance to manage our global organization,” said John Rogers, CFA, president and CEO of CFA Institute. “As our members and CFA candidates continue to recover from events of the past two years, CFA Institute is in a strong position to solidify its leadership role and fulfill its mission − to lead the investment profession globally by setting the highest standards of ethics, education, and professional excellence.”

CFA Institute CFA Institute is the global association for the investment profession. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has nearly 100,000 members, who include the world’s 85,000 CFA charterholders, in 134 countries and territories, as well as 136 affiliated professional societies in 57 countries and territories.