CTV News – Two of Canada’s most experienced bond market veterans are leaving behind careers in banking to open a hedge fund that they hope will shake up the industry by charging much lower fees.
John Schumacher, former co-chief executive of Scotia Capital, and Mike MacBain, former head of debt capital markets at RBC Dominion Securities, have teamed to open Toronto-based East Coast Fund Management Inc. They are seeking to raise more than $100-million from investors.
