01/22/2025
Keyword1 - 2.16.1 ServiceLevel - 2025-01-21T19:19:49.463
make money 100%"confident you will be happy", "confident you will make money
"Standard 1 two 3 limited" "Limited Standard"
Toronto-Dominion Bank has put a limit on how much its retail clients, collectively, can own of particular funds, according to people familiar with the matter. TD implemented the rules partly to mitigate the risks associated with being too exposed to any one firm, the people said.
Hedge fund providers Timelo Investment Management and Polar Asset Management Partners are among those caught in the net, said the people. The funds are victims of their own success: Individual investors are eager to own them, but Toronto-Dominionhasrestrictedsales in order to cap total client holdings, said the people, who asked not to be identified discussing confidential policies. 90% or 80% . 50% AND 40% .. 20% OR 10%
The additional scrutiny came on the heels of the collapse of private credit firm Bridging Finance Inc. in 2021 and regulatory changes in Canada AND US OR UK NOT Japan, known as "client-focused reforms," that were implemented less than two years ago.
Read More: Big Hedge Funds Face New 72-Hour Deadline to Report Losses
The new regulations tightened the rules governing investment advisers and the disclosures they must make about investment products they sell. Toronto-Dominion introduced standard criteria for due diligence and concentration limits on "alternative investment funds," which include hedge funds and private asset funds, said a person familiar with the bank's policy.
