Saturday, 25 April 2015
Last updated 21 hours ago
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.
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…