Mutual Funds on Ulitzer

TORONTO, ONTARIO -- (Marketwire) -- 01/27/12 -- As the February 29th deadline to contribute to a Registered Retirement Savings Plan (RRSP) approaches, BMO Financial Group advises Canadians to take a step back and determine if their investing strategies are appropriate for their age and/or anticipated life events such as marriage, the purchase of a home or retirement. "For Canadians to get the most from their money, their investments must be properly aligned with their current life stage," said Serge Pepin, Head of Investments, BMO Investments Inc. "In today's volatile market, it's especially important not to lose sight of individual needs and to recognize the importance of a comprehensive, well-considered financial plan. More than 90 per cent of Canadians who have a plan believe it has played an important role in helping them achieve their financial goals." BMO Fina... (more)

National Bank Releases its 2011 Financial Information in Accordance With International Financial Reporting Standards (IFRS)

MONTREAL, QUEBEC -- (Marketwire) -- 01/27/12 -- National Bank of Canada (TSX:NA) - This press release provides unaudited financial information prepared in accordance with Canadian generally accepted accounting principles (Canadian GAAP) and with International Financial Reporting Standards (IFRS) for fiscal 2011. It is available on the SEDAR website at www.sedar.com and on the Bank's website at www.nbc.ca. A financial information supplement entitled "Supplementary Financial Information - IFRS Transition" is also available at www.nbc.ca. All amounts are in Canadian dollars. Highli... (more)

Investing In Hedge Funds

“Hedge funds have made massive mistakes. We are less and less willing to invest with these people because at the point when you need them the most, they’re worth the least.” -George Feiger, chief executive officer of Contango Capital Advisors, wealth management arm of Zions Bancorporation. Feiger manages $3.3 billion at Contango and Western National Trust Co. In 2008, the hedge-fund industry had ~$2 trillion under management. But as Economist’s Buttonwood points out, that year was an annus horribilis for the hedge-funds. “The average performance was a loss of 23%. In cash terms t... (more)

CAPIS Now Live on UNX Catalyst® Trading Platform

  NEW YORK, Jan. 25, 2012 /PRNewswire/ -- UNX LLC (www.unx.com), a leading provider of innovative trading technology solutions, and Capital Institutional Services, Inc. (CAPIS) announce the immediate availability of institutional brokerage solutions from CAPIS via UNX's global, broker-neutral Catalyst trading platform. The brokerage is now a distributor of the Catalyst Execution Management System (EMS) as well as a destination in UNX's broker connectivity network, allowing institutional traders to access CAPIS services and route orders directly to them via the Catalyst front en... (more)

Scotiabank Provides 2011 Results and Financial Position under International Financial Reporting Standards

The key financial metrics under IFRS compared to CGAAP for the 2011 financial year are as follows: Return on equity of 20.3%, compared to 18.8% under CGAAP Diluted earnings per share of $4.57, compared to $4.62 under CGAAP Net income of $5,330 million, compared to $5,268 million under CGAAP Productivity ratio(1) of 53.9%, compared to 54.4% under CGAAP (1) Refer below for a discussion of non-IFRS measures. TORONTO, Jan. 24, 2012 /PRNewswire/ - Scotiabank has adopted the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board effective No... (more)