Canadian I-Bank Plans Multi-Strategy Hedge Fund

Dec 18 2007 | 10:52am 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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of