Hedge fund Traynor Ridge placed in receivership after death of sole director

TORONTO - An Ontario court on Friday placed Canadian hedge fund Traynor Ridge Capital and the funds it manages in receivership after the sudden death of its sole director, as the provincial securities regulator probes millions of dollars of trading losses incurred by brokers.

A Toronto police spokesperson on Tuesday said Callahan's death was not considered suspicious and there was no investigation. 'Biden has made it worse': This hedge fund billionaire just issued a serious warning about the economy — says the S&P 500 will 'go nowhere' for a very long time. Is he right?Weak stocks can sell off through December. So, investors need to focus on the long term and consider accumulating shares of good businesses. The post Tax-Loss Selling: 2 Dividend Stocks That Could Get a Lot Cheaper Before 2024 appeared first on The Motley Fool Canada.

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Court appoints receiver to take control of Traynor RidgeThe move follows the OSC’s decision to place Traynor Ridge, which has $95-million in assets under management, under a cease trade order after the sudden death of its founder
Source: globeandmail - 🏆 5. / 92 Read more »

Hedge Fund Roiled by Manager’s Death Is Placed in ReceivershipAn Ontario court placed Traynor Ridge Capital Inc. into receivership after the sudden death of its founder as regulators probe potentially tens of millions of dollars in trading losses.
Source: BNNBloomberg - 🏆 83. / 50 Read more »