Sunday, 1 March 2015
Last updated 1 day ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…