Canadian Paper Co. Execs Depart In Wake Of Hedge Fund Move

Jan 16 2007 | 10:06am ET

The leaders of Canadian paper producer Catalyst Paper are making way for Third Avenue Management.

The New York-based hedge fund hiked its stake in the Vancouver, British Columbia-based company last year, triggering golden parachutes of C$4.8 million and C$1.6 million, respectively, for outgoing CEO Russel Horner and CFO Ralph Leverton. Last month, four Third Avenue-picked directors joined Catalyst’s board.

Catalyst’s newly-constituted board will choose their successors at or before its March 28 annual meeting.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note