Fund manager Mersch forced to repay Altamira $9.2-million

Article Abstract:

Frank Mersch, a former fund manager at Altamira Investment Services Inc., must repay $9.2 million to the mutual fund company. Mersch, who was paid $45 million for the buyout of Altamira in 1997, had been investigated in 1998 by the Ontario Securities Commission.

Financial management, Cases, Finance, Altamira Investment Services Inc., Mersch, Frank

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RT boss not seen as scandalous type

Article Abstract:

Michael Edwards, the chairman and chief executive officer of RT Investment Management Holdings Inc., is being investigated the Ontario Securities Commission. Industry analysts said that Mr. Edwards is a respected industry leader.

Legal issues & crime, Securities Dealers, Investment Banking and Securities Dealing, Security brokers and dealers, Securities industry, RT Investment Management Holdings Inc.

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Fidelity names new president

Article Abstract:

Jeffrey Carney has been appointed as the new president of Fidelity Investments Canada Ltd. The 38-year old Carney is assuming a post that has been vacant for six months.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Carney, Jeffrey, Fidelity Investments Canada Ltd.

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