Opalesque – In 2009, Jean-François Tardif retired from Sprott Asset Management as one of the top hedge fund managers in the industry. Since then, he has been living a quieter life in Canada. Now, he is coming out of retirement and has been hired by Toronto-based First Asset Investment Management Inc. to run a new closed-end hedge fund.
The fund will list on the Toronto exchange in May. The new fund – JFT Strategies Fund will be Long/Short Equities based. First Asset Management has approximately $2.6bn in total assets in addition to the new fund. Tardif has also launched his own firm – Timelo Investment Management Inc.