Fund launches: Canada's new funds part 1: Lightwater Partners - launching Canadian L/S fund on July 1st, 4 partners include GLG alumnus, Peloton investment chief Geoff Grant plans to launch new fund in September, Former Bear Stearns executive prepares global distressed fund, Ex-Calyon head of credit markets Fery to launch structured credit fund, Ginger Capital launches global L/S equity fund with longer-term bias, GAM launches frontier fund to exploit `under-researched` Middle East, other markets
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Opalesque Exclusive: Canada's new funds part 1: Lightwater Partners - launching Canadian L/S fund on July 1st, 4 partners include GLG alumnus
Over the next few weeks Opalesque will be speaking to Canadian managers. The hedge fund industry in this northernmost part of the Americas is young and agile and looking to use these very advantages to become a force in global asset management.
Kirsten Bischoff, Opalesque New York: On July 1st, Lightwater Partners will launch the Lightwater Canadian Opportunities Fund, a long/short fund with a focus on Canadian equities, primarily mid- to large- cap firms. The Toronto based fund will be run by partners David Vickerman, Ben Griffiths, Jerome Hass, and Darol Ryan.
Three of Lightwater's four partners descend on Toronto from London and New York, in hopes of taking advantage of Canada's position as one of the few politically stable countries with the bountiful natural resources in demand by emerging economies such as China and India. Although it has been affected by the credit crisis unfurling in the United States, the Lightwater team believes Canada has strong long-term prospects for success, "Canada is in a sweet spot in terms of the global economy. It has a lot of the goods the developing world currently needs and uses and as a country, Canada will benefit from having those resources," Vickerman told Opalesque. Positioned with its wealth of oil, copper, potash, timber...................... To view our full article Click here
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