Moguls

Polar Asset Management and Paul Sabourin, the alpha dog of Canadian hedge funds
Members Public

Believe it or not, Polar is now almost as big as Wealthsimple. But much more profitable.

Hedge funds

Steve Scotchmer - Mark Leonard's muse and the best private investor you have never heard of
Members Public

One way of finding potential good managers is to look at the biggest winners in the stock market and finding out who invested early in those names. Steve Scotchmer was there at the very beginning of Constellation Software and made a killing. Surely you know of Constellation? They are a

Moguls

Vaccine tourist Rod Baker of Great Canadian Gaming fame
Members Public

Can he avoid the slammer?

Moguls

Hedge fund manager Shawn Kimel donates $21m to Mount Sinai Hospital
Members Public

Arbitrageur Shawn Kimel, founder of hedge fund K2 and his partner Kate Schatzky have gifted $21m to Sinai Health, aka the Toronto Mount Sinai Hospital. Shawn was treated at the hospital for a severe brain injury stemming from a bike accident in 2017. This will lead, among other initiatives, to

Hedge funds

GameStop: Two Montrealers among biggest winners: Richard Mashaal of Senvest and Ryan Cohen
Members Public

My sister publication, The Wall Street Journal, has reported on a $700m gain on GameStop, now fully realized, by a hedge fund operated by Senvest Management. Montreal connoisseurs will know that Senvest has roots in Montreal and is part of a TSX-listed holding company, Senvest Capital. It was originally started

Hedge funds

Bill Ackman and Tim McElvaine back Andrew Wilkinson
Members Public

A lunch with Bill Ackman paid off for Andrew Wilkinson, a mogul in his own right.

Tech/VC

Anthony Melman and a parable on SPACs
Members Public

Onex biggie Tony Melman and the Acasta SPAC misadventure.

Private Equity

Jay Hennick: from pool boy to billionaire
Members Public

An under-the-radar billionaire who started from the bottom.

Moguls

That time Brent Belzberg fought Imperial Capital
Members Public

A David v Goliath battle on Bay Street.

Private Equity

Albert Friedberg, billionaire Original Gangster of Macro
Members Public

Albert Friedberg, old-school macro trader.

Hedge funds

The rise of Ian Ball, Rob McEwen's protégé
Members Public

A rising star on Bay Street.

Moguls

That time I met Brian Chapman of Clearwater Capital
Members Public

Brian Chapman is an under-the-radar investment wizard.

Moguls

John Phillips and Shopify - the biggest angel score in Canadian history
Members Public

Meet Canada's newest billionaire.

Tech/VC

Sam Belzberg's comeback and his answer
Members Public

Start from Part 1 here. Belzberg continued to be an active and opportunistic investor. In 1992, he started Gibralt Capital as his main investment vehicle post First City. He took advantage of opportunities like the Savings and Loans crisis in the US in the 90s and distressed property in Alberta

Moguls

My Bud Fox-like meeting with Sam Belzberg
Members Public

Read Part 1 here. A friend who was acquainted with Belzberg gave me a preview of the meeting. He said: “try to keep your pants on the whole time”, meaning that Sam was a charmer. We met in a small conference room along with Travis Dowle, a portfolio manager working

Moguls

Sam Belzberg - That time I met Brent Belzberg's uncle
Members Public

In its short life, this newsletter has already amassed an audience bigger than Obama's inauguration. I feel the pressure to be relevant, so today I am going to write about a guy who peaked in the 80s and is no longer alive. You are going to enjoy it and fax

Moguls

Move over Mike Katchen, Tye Bousada founded three separate billion dollar investment firms
Members Public

I have been telling myself I need to improve my titles, so I am proud of the one above, because it combines three clichés of business journalism: rivalry, whiz kids and billions. At OPM Wire, everything is a pissing contest, so consider the following my competitive response to Report on

Money Managers

Robert Krembil has made another killing
Members Public

Another case of the rich are getting richer.

Moguls

Joe Lewis, Tavistock, Newton Glassman and Callidus Capital, the distressed investor that went meta
Members Public

The saga of Callidus Capital as a public company is winding down with a shareholder vote later this month on a take private offer at $0.75 per share. The original IPO price was $14. The offer is from Braslyn, an affiliate of the Tavistock Group. Tavistock is the investment

Private Equity

Andrew Wilkinson of Tiny Capital, the Charlie Munger of Tech
Members Public

So Bill Ackman is holding a Buffett-type lunch auction. Ackman is essentially a Buffett clone, except that he has an inclination for activism and shorting, which has sometimes proven too clever by half. The Buffett recipe is very hard to improve. Ackman claims to have learned from his mistakes and

Tech/VC