The decline and fall of the labour-sponsored venture fund – Canadian Business

January 09
04:59 2015

“If somebody moves to us with these funds [in their portfolio], we’re looking for an immediate maturity date to get out,” says a Vancouver investment adviser with a nationwide wealth management firm who asked not to be named. “I never saw one that anybody made any money on. As a matter of fact, the losses were huge. So you’re really investing in the community. As an independent broker, my job is not to invest in local communities. My job is to preserve capital and to try to build wealth in a safe way.”

Full story: http://www.canadianbusiness.com/investing/david-levi-labour-sponsored-funds/

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