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Canaccord Invests In Ai-powered Hedge Fund Firm | Investment Executive

by investmentexecutive.com posted 3weeks ago 14 views
Vancouver-based Canaccord Genuity Group Inc. has made a strategic investment in Castle Ridge Asset Management Ltd., a Toronto-based firm that uses a proprietary artificial intelligence (AI) system to offer hedge fund investment strategies. Castle Ridge says in a release that it plans to use the investment to expand its distribution channel with Canaccord Genuity Wealth Management, which has more than $60 billion in client assets under management in Canada, the U.K., Europe and Australia.

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