Traynor Ridge Capital Inc.
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| Industry | Financial services |
|---|---|
| Founded | 2020 |
| Fate | Receivership |
| Headquarters | Toronto, Ontario , |
Key people | Christopher Callahan |
Traynor Ridge Capital Inc. was a Canadian hedge fund firm, based in Toronto, Ontario, that was placed into receivership in November 2023, shortly after the unexplained death of its 30-year old founder, Christopher Callahan. The firm allegedly had $94 million in assets as of September 30, 2023 but the Ontario Securities Commission ("OSC") stated in early December that the entire amount may be lost in a series of failed trades executed in October.[1]
Shortly after being notified of Callahan's death, the OSC applied for a cease trade order on the firm. Callahan was the portfolio manager, trader and compliance officer for Traynor Ridge. With his passing, the firm was non-functional and subject to claims for settlements from at least three brokers.[2] Virtu Financial Inc., Echelon Wealth Partners Inc. and JonesTrading Canada all executed trades on behalf of Traynor Ridge but then Traynor Ridge did not settle (i.e., pay for) the trades.[1]