Sunday, 24 May 2015
Last updated 1 day ago
Oct 12 2011 | 6:25am ET
One of the top managers at Canadian fund family Dynamic Funds has left the firm just months after its parent was acquired by the Bank of Nova Scotia.
David Taylor managed several mutual funds and a hedge fund at Dynamic, which was part of DundeeWealth. All told, he was responsible for some C$8 billion in assets.
Taylor said he wasn't thrilled by the prospect of working for a major bank or big firm, and that he planned to launch his own eponymous firm next year.
"I want to become part of a smaller company with my name on it. I want to grow something really exciting," he told the Globe and Mail. "It hasn't anything to do with what the bank did, but maybe indirectly because it is difficult to feel like a big fish in a small pond when you work for a C$56 billion company."
Taylor is also leaving during one of his worst-ever years. His hedge fund, Dynamic Contrarian, is down some 38% this year; it will be taken over Adam Donsky.
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…