Tuesday, 21 April 2015
Last updated 32 min ago
Jun 25 2010 | 7:12am ET
Coming from a country whose currency is affectionately known as the loonie, a hedge fund whose sole raison d’être is to bet against the euro may seem a bit rich. But Redwood Asset Management is going ahead with it anyway.
“We believe that these are structural issues that will take years to resolve,” Michael Yip, president of subadvisor Garrison Hill Capital Management, told the Globe and Mail of the European currency. “The European Crisis Fund provides investors a unique investment opportunity and risk management tool.”
The new fund will offer those investors a chance to “profit and hedge their portfolios from deteriorating political and economic conditions in the euro zone,” Redwood said. It is set to launch on July 12.
According to Redwood, the Garrison Hill European Crisis Fund is the first European crisis fund in Canada.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…