Troubled times at Trimark

Article Abstract:

Trimark Financial Corp. faces its toughest year since its arrival 20 years ago as it fell from the position as Canada's second leading player in spring 1998 to No. 3 behind Royal Mutual Funds and Investors Group Incorporated. During the past three years, some of the firm's funds, particularly its three giant Canadian stock funds, delivered below-average performance and forced money to flow out of the funds. The underperformance caused Trimark's stock to plummet, thus, prompting investors to bail out and analysts to speculate when or if the company can recover. Trimark executives, meanwhile, expressed their concern on investors abandoning their funds, but still remain optimistic on a possible turnaround.

Comment:

Faces its toughest year as investors bail out because some of its funds have been turning in below-average performance

Author: Won, Shirley, Waldie, Paul
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
Financial management, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds, Trimark Financial Corp., Article

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Dundee final bidder for Singh firms

Article Abstract:

Dundee Bancorp Inc has emerged as the final bidder for Fortune Financial Management Inc and affiliate, Infinity Investment Counsel Ltd. The two investment firms' integration into Dundee is expected to give a diminished role to financier David Singh, who is the biggest shareholder in both companies. Industry sources asserted that Dundee will have to explain Singh's future role in the operations because the deal would have an impact on investors and salespeople.

Author: Won, Shirley
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, Investment Companies, Open-End Investment Funds, Fortune Financial Management Inc., Infinity Investment Counsel Ltd.

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Subjects list: Canada
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