Tag: Chris Callahan

The Mysterious Death Of A Hedge Fund Manager Sends His Company Into Receivership!

OSC tamir - November 4, 2023

dge fund manager Chris Callahan, the founder of Traynor Ridge Capital, which has led the hedge fund into a state of disarray and now, receivership. The Ontario Securities Commission (OSC) has moved swiftly, placing the firm into the hands of a receiver, Ernst & Young, as disclosed during a session at the Ontario Superior Court of Justice in Toronto.

OSC halts Toronto Hedge Fund’s Trades And Launches Probe After Losses And The Founder’s Sudden Death!

OSC tamir - November 1, 2023

The sudden passing of Christopher Callahan, founder of Toronto's Traynor Ridge Capital Inc., has triggered an in-depth review of the hedge fund's considerable recent losses. The Ontario Securities Commission (OSC) suspended all trades by Traynor Ridge pending a thorough investigation. The fund's trading missteps earlier in the month resulted in substantial losses, approximated between C$85 million to C$95 million, as detailed in an OSC report dated Oct. 30.

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