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The Globe and Mail
Ryan Enn Hughes Published August 13, 2009
This article was published more than 10 years ago. Some information in it may no longer be current.
The is an excerpted version of a Globe Investor Magazine online feature. It ran in Friday s Globe and Mail. To read the full version click here.
When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back.
Salida, the once high-flying, resource-focused hedge fund manager known for its appetite for risk, became one of Canada s high-profile victims of last year s market meltdown when its flagship Multi Strategy Fund plunged 67 per cent and three of its hedge funds got locked up in the Lehman Brothers Holdings Inc. bankruptcy.