National Bank to buy HSBC Securities

The National Bank of Canada confirmed Tuesday it is buying the full-service investment advisory and retail brokerage business of HSBC Securities (Canada) for $206 million in cash.


AdvisorShares Announces Partnership with Commerce Asset Management

AdvisorShares Investments has announced a partnership with Commerce Asset Management to develop an actively managed ETF which will utilize Markov Processes International's patented Dynamic Style Analysis technology in an attempt to outperform the maj


Goldman Sachs Shuts Global Alpha Fund

Goldman Sachs will shut its Global Alpha fund after clients pulled money from the quantitative trading pool that was once the firm’s largest hedge fund.


Scotiabank taps into China’s growth

Bank of Nova Scotia is taking a stake in China’s Bank of Guangzhou, a small but expanding commercial lender in a region where growth remains robust, especially by global standards.


Morgan Stanley Releases The Definitive Gold Stocks Report

While this is a blunt tool, we do believe it provides a good illustration how the sector has historically discounted the spot gold price, but currently does not seem to believe that the current $1800/oz gold price will hold.