Bloomberg – Two of Canada’s bond market veterans are seeking to raise C$100 million ($94.4 million) for a hedge fund that will invest in debt securities while keeping fees below industry benchmarks, the Globe and Mail reported.
John Schumacher, former co-chief of Scotia Capital, and Mike MacBain, former head of debt capital markets at RBC Dominion Securities, plan to generate returns of 8 percent to 12 percent at Toronto-based East Coast Fund Management Inc., the newspaper said today.
