Israeli companies are starting to look to Toronto’s stock exchange as an alternative to the NASDAQ. Lately, there seems to be a surge in growing business ties between Canada and Israel, reports the Jewish Tribune.
A new money management firm called BSP Funds Canada Inc is the first Israel-based company of its kind in Canada. Launched in October, BSP funds’ parent company was established in 2005 in Herzliya.
“It’s an opportunity to bring this Israeli investment process to help Canadian investors diversify their portfolios in quality alternative investments,” said Meir Cohen, CEO of Canadian operations to the Jewish Tribune.
Toronto-born Cohen, the newspaper reports, has worked in wealth management for more than 12 years, most recently at Bull Capital Management, which he co-founded in 2001. When the BSP opportunity came calling, though, he jumped at it.
Registered in Israel, BSP has about US$250 million in assets and hires nine employees in Israel.
Developing its business in Canada, Cohen will look to raise money and opportunities in private equity and real estate –– bringing these opportunities to investors around the world.
Watch BSP, as it continues to develop business between Israel and Canada.
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