Tag: Christopher Callahan

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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