Canadian I-Bank Plans Multi-Strategy Hedge Fund

Dec 18 2007 | 11:52am ET

Toronto-based investment bank GMP Capital Trust is set to launch a hedge fund headed by co-founder Michael Wekerle.

The firm will announce plans for a C$50 million hedge fund—to debut next year—focusing on equity long/short, credit, algorithmic trading and options-based volatility trading, the Globe and Mail reports.

GMP is expected to provide C$20 million in initial capital.

Wekerle, who co-founded GMP in 1995, will continue to run the bank’s equity desk in addition to his new duties. At the hedge fund, he’ll be assisted by Jason Marks, recruited from TD Securities to co-launch the fund with Wekerle. GMP financial services analyst Tim Lazaris will also work on the new product.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of