Deals
Buyouts Spark 56% Gain for Toronto’s Bedford Park Capital
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Early bets on two acquisition targets propelled a Toronto-based hedge fund to a 55.6% gain during the second quarter.
Bedford Park Capital, run by the firm’s portfolio manager and CEO Jordan Zinberg, first purchased shares in gaming firm Seven Aces Ltd. at C$0.96 in November 2018, according to a letter viewed by Bloomberg. Seven Aces entered a pact to be purchased at C$2.15 per share by an affiliate of Trive Capital about a month ago.