Billionaire investor George Soros.Tim Fraser/The Globe and Mail
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Not like the old days
Former hedge fund manager George Soros told Bloomberg that investors in hedge funds should expect poor performance due to high fees and a reluctance to take risks.
Big Six approaching stalling speed?
The two engines that drove Canadian bank earnings during the Great Recession – growth in consumer credit and residential mortgages – are stalling, says the Financial Post's Theresa Tedesco. In response, banks are looking farther afield for new business, and not having much success.
SAC in damage control
The threat of a civil fraud lawsuit from U.S. federal securities regulators has SAC Capital Advisors scrambling to keep staff and investors from heading for the exits.
Agrium won't split
Agrium Inc. is defying Jana Partners, its biggest shareholder, and will not split its wholesale and retail divisions because it would "destroy value" for shareholders, Chief Executive Officer Mike Wilson said on Monday.
Credit Suisse facing $2-billion in fraud liability
Credit Suisse Group faces a potential $2-billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises.
Nexen, CNOOC takeover deadline extended
The closing date has been extended by 30 days to March 2.
(Jody White is the Web Editor for Streetwise.)