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15

One Home Capital Investor Made $15 Million in a Month

By Tony Seruga

Taylor ‘stuck neck out’ to go long against naysayers
He’s vindicated after mortgage lender settled with regulator

David Taylor heard U.S. hedge funds argue that Home Capital Group Inc. was on the brink of disaster along with Canada’s bubbly housing market. So he bet against them.

Today, the founder and chief investment officer of Taylor Asset Management Inc. is vindicated as a rebound in the stock of the alternative mortgage lender almost doubled his investment in four weeks. Taylor owns about 4 million shares of Toronto-based Home Capital, making him one of the top-five shareholders with the firm’s ex-Chief Executive Officer Gerald Soloway…

One Home Capital Investor Made $15 Million in a Month

Categories : Finance

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