From Bay Street to Omaha
Buffett's Berkshire Could be the Right 'Fund' for Your Clients
Berkshire Hathaway is somewhat like a U.S. equity mutual fund in that it's
invested in a wide range of companies chosen by Warren Buffett and his team.
Better, it charges no management fees and its performance is simply outstanding
over the long term. Most U.S. equity funds can't beat the same S&P 500 index
that Berkshire routinely demolishes. Read Rob Carrick's full report.
CI Manages to Steal Spotlight from AGF
What is going right -- and wrong -- at two Toronto-based mutual fund rivals?
In September, CI reported $40.2-billion total mutual fund assets under
management, up from $28.5-billion a year erlier. AGF, meanwhile, saw
$264-million head out the door, its 29th consecutive month of net redemptions.
Keith Damsell tells the tale of two fundcos.
Boutiques: In a Year of Dread, Small Guys Having a Merry Time
The asset base of Saxon Funds has tripled in the past 15 months, and the
outlook could hardly be better. Other flyweight fund firms have also prospered
from strong returns, low MERs and above-average minimum investment
requirements. All this in a climate that's relatively grey. Rob Carrick
explores which firms gain as others swoon.
MANAGER PROFILE: O'Shaughnessy's
Vulcan of Bay Street Refuses to Let Emotion Get in the Way
For James O'Shaughnessy, it's cold, hard data that holds the secrets to
understanding the equity market. Mr. O'Shaughnessy oversees three U.S. and
Canadian equity funds on behalf of RBC Asset Management Inc., using a
computer-driven quantitative model for stock picking that is showing strong
results. Keith Damsell reveals his success secrets.
INDUSTRY TRENDS: The Promise of Higher
Structured Products Lure Investors
Fed up with weak equity markets, investors are flocking to retail structured
products , innovative higher-risk investments that promise better returns. The
fund industry has also warmed up, and a handful of fund companies are adding
structured product strategies to their funds. Read Keith Damsell's report.
HEDGE GUY: Martin Braun Waxes on
Choose a Theme and be Prepared to Make Some Money
What is that elusive stock market silver bullet -- the one clear thought that
illumines everything? Ever heard of "theme investing?" writes hedge fund
manager Martin Braun. "Pick the right theme and you're standing on second with
a ground-rule double. Execution will bring you home." Read Braun's full
The Allure of Lingerie, Gold and Wireless
Stock picking is perilous. But here are some sound ideas from the principals
of Strategic Advisors Corp: La Senza, High River Gold and Nextel top the list.
Read Martin Braun's full report.
TODAY'S PAPER: Russian Steal? Royal
Why Russia's Steel Giant is Eyeing Stelco
Russian steel giant OAO Severstal is eyeing Canada's faltering Stelco Inc. as
a way to reduce the risk of doing business at home, industry experts in Russia
say. Sound logic or just bizarre? Read on.
Russians Eye Stelco Takeover - Reguly
Royal Group Probe Heats Up
The intrigue surrounding Royal Group Technologies Ltd. deepened yesterday as
the RCMP revealed that it has executed search warrants in connection with its
investigation into the company's dealings with a luxurious Caribbean resort
and trading in its shares remained halted for a second day. Karen Howlett and
Paul Waldie explain.
Trade Data Show Why Canadian Stocks on Top
The tales of two markets diverged a little more yesterday, as the economics
underpinning Canada and the United states continued to head in different
directions. David Parkinson sheds light on the economic good news.