Announcements |
AIMA Canada and the CAIA Association Are Pleased to Invite you to Attend:
Infrastructure Panel Lunch
When
Where This educational event aims to give attendees a brief history of infrastructure investing in Canada and how Canadian investors (especially plan sponsors) view the space and are staging allocations into direct and indirect opportunities.
The panel consists of: And will be moderated by: David Rogers, Principal, Caledon Capital Confirmed attendees will receive a briefing dossier a few days before the event.
Admission Fees All transactions will be in USD Sponsorship Opportunities Are Still Available Visit AIMA-Canada.org for further information and registration options We look forward to seeing you there!
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| Sprott Hires Peter Loach |
| Sprott Asset Management has named Peter Loach as executive vice-president of product development. "We are very excited to have Peter join our team. He brings with him a wealth of experience and a tremendous perspective on the investment industry," said James Fox, president of Sprott Asset Management. "We believe Peter's addition will provide significant value to our firm as we continue to seek the best investment talent and expand and diversify our product line up." Loach is perhaps best known for his tenure as managing director and vice-president of investment fund research at BMO Nesbitt Burns. |
| Northern Rivers Announces Sale to Blumont Capital Corporation |
| Northern Rivers Capital Management Inc. ("Northern Rivers") announced today that it has entered into a binding agreement, subject to regulatory approval, to be acquired by BluMont Capital Corporation ("BluMont Capital"), a wholly owned subsidiary of Integrated Asset Management Corp. ("IAM") (TSX:IAM). The transaction is expected to close in February of 2010. Founded in 1998, IAM is a Toronto based public company majority owned by management. IAM develops, distributes and manages alternative investments (including real estate, private corporate debt, private equity, managed futures and retail alternative investments). IAM's retail subsidiary, BluMont Capital, is one of Canada's leading providers of alternative investment solutions for individual investors. We believe that this transaction is in the best interest of our clients, who should benefit significantly from being served by a larger organization with a direct and wholesale salesforce, substantial balance sheet and ample resources. With over $2 billion under management, IAM is an industry leader in the design and management of alternative investments in Canada. Clients will continue to enjoy the high quality of service to which they are accustomed while having access to the full range of IAM's alternative asset management expertise. Importantly, no changes will occur in who is managing the Northern Rivers funds. Hugh Cleland and Alex Ruus will continue to manage the funds under the BluMont Capital banner, while Greg Edwards of Bennington Investment Management will continue to co-manage the Northern Rivers Silicon Valley Access Fund LP with Hugh Cleland. Likrilyn Capital Corporation remains an investor in the funds. We have confidence in the abilities of the managers and look forward to good returns ahead. Any questions or concerns, please contact 416 597 1226 or 1 866 902 7060 ext. 1. |
| Hedge Fund Recruitment Specialist, Edwin Ostrand, Forecasts Increased but Focused Hiring in 2010 |
| Hedge Fund talent expert, Edwin Ostrand, says that funds are hiring again but that they are increasingly using focused recruitment firms to find the talent they need. TAMPA, FL, January 12, 2010 - Veteran hedge fund recruitment specialist Edwin Ostrand, today forecasted increased and highly selective hiring by the hedge fund industry in 2010. "Hedge funds are hiring again. That's the good news," said Ostrand. "However, the most successful ones are engaging in highly focused searches for specific skills. They are not looking randomly for talent on job boards. They are looking for specific talent that brings themnot only skills and value, but also passion and a good corporate fit. They are using specialized recruitment firms to find them as they realize the very best talent, in most cases, may not even be looking to move to a new firm." Ostrand, who has been focused on the hedge fund industry for over 10 years, has recruited many professionals for his clients, which have included some of the largest financial institutions. Ostrand differentiates himself through his unique value proposition which includes early assessment of a client's needs, identification of candidates, exhaustive due diligence, compensation negotiation and closing on candidate hires. "Hedge funds continue to hire me because of the value they receive frommy service. They do not waste time seeing average candidates, as we only present the highest caliber talent, the ones who bring the most to the table in capabilities and skill, and we do it fast. It is why most of our clients have continued to rely on us over the years" Ostrand said. Looking to 2010, Ostrand forecasted that "There will be hiring. Hedge Funds are growing again. But it's not across the board. Funds are looking for exceptional talent that fits their exact requirements. That's where we come in." |
| New Canadian Financials Hedge Fund On The Horizon |
| November 30, 2009 - A pair of veteran financial services analysts at Canada's National Bank is gearing up to launch a hedge fund next year. Hamilton Capital is the brainchild of Rob Wessel and Jennifer Mersereau, both late of National Bank's NBC Alternative Investments. The new fund is set to debut in February, seeded by National Bank. Hamilton will focus on financial services. "The time is right for such a fund," Wessel told the National Post. "We will be specialists in a field of generalists." Wessel said that the continuing credit crisis and ensuing "echo effect," as well as specifically Canadian circumstance, offer many opportunities for a new hedge fund. "Financials are 25% of the TSX and of that, about 80% is in nine companies," Wessel said. "It's been fine over the last 20 years, but going forward more consideration may have to be given to that concentration." The long/short fund will invest across 15 subsectors and choose stocks from a universe of more than 1,000 names. It will not use leverage. To assist on their new venture, Wessel and Mersereau have hired a pair of analysts, Babak Assadi and Derek Smith, and has named three financial executives to its board of directors and advisory committee. |
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