OPM Wire π°βοΈπ¨π¦
@OPMWire
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Topics: Bay St, money managers, moguls, fintech, who's killing it, who's getting killed. No stock picks, no macro. Subscribe at https://t.co/PO2ZxJuRjx
Toronto
Joined September 2019
Kensington, which the government trusts to manage venture money, is extending suspension of redemptions for its PE fund Sad!
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I wrote about Nicola Wealth again and covered a veiled attack cross-town rival Leith Wheeler made against it, among other things (on opmwire .com) Every person who dunked on Bluerock should like this tweet, otherwise, they're a total p****
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Yesterday, Hazelview announced it was pausing its distributions on the 4Q fund sad!
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BMO already making changes at Burgundy Asset Management
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I have turned the website into a shrine to Reza Satchu: 6 stories you can find at opmwire .com
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Short-seller Andrew Left is suing Anson alleging they lied to SEC about paying him to "save their own skins"
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Wealthsimple raising $550m at $10B valuation from Power, Dragoneer, GIC (the Singapore sovereign wealth fund) and Nelly Furtado
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So this is Norbert Schlenker of Norbert's Gambit fame (Wealthsimple had him on to announce their FX feature)
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For proxy fights, one Christine Carson is tops: "While the Gildan win put Carson Proxy on the map, Ms. Carson has long been known as a quiet killer in the industry...who does great work for a comparatively low price. Carson Proxy has been Bloombergβs No. 1-ranked proxy firm..."
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"In 2024, Wes Hall sold Kingsdale for a rumoured sum of about $50-million. (Several years later, after MDC hit financial troubles, Mr. Hall bought the company back for a fraction of the cost.)"
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Some nuggets: "So far in 2025, Kingsdale (which shares some senior staff with WeShall) has lost its CFO, the head of human resources, Mr. Hallβs chief of staff, its general counsel, the operations manager, two other executive vice-presidents and a director β among others."
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The Globe worked hard on their big Wes Hall piece: "Kingsdale has been battered by one blow after another: an exodus of executives...a public loss in one of the most high-profile activist fights in recent history and growing signs that competitors are stealing market share."
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I've been chipping away at this off the side of my desk for about a year. I was introduced to the proxy solicitation world in 2024 when I was on the team covering Gildan v Browning West. What I've learned is its an industry at a crossroads.
theglobeandmail.com
For years heβs led proxy solicitors into battles over businesses. Now Wes Hall is fending off attacks from inside and outside the boardroom
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