Bloomberg – John Stephenson, who spent eight years tracking resources at fund manager First Asset Investment Management Inc., is creating his own hedge fund to favor U.S. equities over Canada.
Stephenson, who helped manage about C$3.1 billion ($2.89 billion) at First Asset before leaving in May, has set up Toronto-based Stephenson & Co. Capital Management. He’s targeting C$40 million to C$50 million for his Stephenson and Company North American Opportunity Fund LP which he expects to start in August.
