By Beverly Chandler, Opalesque London:
The latest edition of the AIMA Canada Handbook reveals that assets under management in the country have enjoyed a dramatic growth from $12bn five years ago to over $30bn today.
AIMA Canada now has over 80 corporate members, including 48 hedge fund and fund of hedge fund managers. Les Marton, Head of Capital Introduction & Hedge Fund Consulting Services at Scotiabank and Alfredo D’Onofrio, Director, Prime Services Scotiabank reviewed the Canadian banking system for the handbook, describing Canadian banks as 'prime
examples of stability’ as all Canadian banks remained solvent through the financial crisis.
The Canadian Bankers Association identified, in a study, four key factors for the strength of the Canadian banking system and its ability to withstand the shock of the financial crisis.