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

Financial management, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds, Trimark Financial Corp., Article

---

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.

Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, Investment Companies, Open-End Investment Funds, Fortune Financial Management Inc., Infinity Investment Counsel Ltd.

---

Similar abstracts:

• Abstracts: CIBC renews ties to Reichmanns with loan. Banks search for edge from new rules
• Abstracts: Trusts are holding back our future market gains. Read NAFTA before hitting auto insurers. Competition Bureau gets failing grade
• Abstracts: Environmental queries arise in fight for Avista. U.S. hospitality firm buys stake in UniHost
• Abstracts: Analysts see financial 'disaster' for Air Canada. Mini-tenders put whiz kid on spot
• Abstracts: Gas prices up 28.5% in 1999. Drivers face higher gasoline prices

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.