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Stock impact report

How a Markham hedge fund beside Costco beat Bay Street heavyweights [Wealth Professional (Canada)]

FTAI Aviation Ltd. (FTAI) 
Last ftai aviation ltd. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ftandi.com
A one-man hedge fund operating beside a gas station and a Costco in Markham just outperformed many of Bay Street's biggest names, according to a feature by Bloomberg Lucida Capital, run solely by Francis Lau, gained 65 percent from April through the end of last year, while “few of his larger and more established rivals returned more than 40 percent.” His formula is straightforward: mid-cap stocks, zero leverage and a short commute. Lau launched Lucida Capital in April from his own neighbourhood in Markham, a suburb with a predominantly Chinese population about 30 minutes from Toronto's financial centre By cutting out the Bay Street commute and staying close to everyday essentials like gas and groceries, Lau said he can “squeeze in one more call, or another meeting.” He focuses on companies with market capitalizations between $2bn and $10bn, saying they offer “the inefficiencies of smaller firms but the liquidity of bigger names.” He also noted that not many funds in Canad Show less Read more
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