Looks like Dragon Brett Wilson is stepping back into the finance industry in a big way. Here is an excerpt from the Oct. 6, 2010 “Canoe Financial Announces W. Brett Wilson as Chairman” press release (emphasis added),
Canoe Financial LP and its founder Mr. M. Bruce Chernoff, announced today that Mr. W. Brett Wilson has become a significant investor and will provide strategic leadership to the firm as Chairman. Canoe Financial LP is an investment management firm with over $1.5 billion in assets under management including the EnerVest Diversified Income Fund (TSX:EIT.UN), EnerVest Energy and Oil Sands Total Return Trust (TSX:EOS.UN) and the EnerVest Natural Resource Fund (ENV 040).
“Having known and worked with Brett for almost 20 years, I have seen first-hand his expertise in governance and investing. He brings a tremendous amount of insight, influence and enthusiasm to his initiatives and I look forward to his energy at Canoe“, said M. Bruce Chernoff, founder of Canoe.
“We are excited to have Brett join our leadership team,” stated Nevin G. Markwart, President and CEO of Canoe. “Through Brett’s entrepreneurial drive and his financial and resource industry experience we look forward to the opportunities he will create at Canoe. We believe that his experience will fit well with the vision we have for the business and the Canadian-focused investment management philosophy we are creating at Canoe. This development is another instrumental step in supporting our initiatives to expand the firm’s current investment product and distribution platforms.“
Note: Dragon fly on the wall is a CBC Dragons’ Den fan site, I won’t comment on the risk and reward of the investment here. It is important to note that before investing, know what you are investing in first. Know its risks and its rewards. And to know your own personal financial risk/reward tolerance.