Hedge Fund
Toronto hedge fund known for shareholder activism, long/short equity and REIT campaigns.
Anson Funds is a privately held alternative asset manager founded in 2003, with offices in Toronto and Dallas and over US$2 billion under management. It invests in publicly traded equity and debt worldwide across long strategies (activism, fundamental and tactical longs, REITs), short strategies (fundamental shorts and momentum reversals) and special situations (structured financings, catalyst-driven trades and arbitrage). Its activist campaigns have included pushing for the sales of InterRent REIT and Clear Channel Outdoor, and board changes at Match Group and Twilio. It also runs the Arch Anson Tactical Real Estate Fund and the Anson North Star Tactical Equity Fund.
Activism, high-conviction fundamental longs, tactical longs on market and sector trends, and REIT and real-estate-linked equities.
Fundamental shorts on broken business models or weak management, and momentum reversals after parabolic moves.
Structured financings directly into companies, catalyst-driven thematic trades, and arbitrage around corporate actions.
The firm's real estate strategy, focused on REITs.
Strategic equity and income market analysis across capital structures.
| Toronto | ON | headquarters |
Dallas
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How juniors get in
Hires analysts onto its long/short team both straight from school (after banking or investing internships) and from investment banking and buy-side seats; no student program is published.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Typical background
GuidanceA Big Six or boutique investment bank, a pension rotation, or asset management.
Open roles on BSO Jobs1
Chairman and Chief Investment Officer
Principals
Co-founded Anson Funds and leads it as Chairman and CIO. He holds an MBA from London Business School and a BA from Western University, and co-founded the Moez & Marissa Kassam Equity Fund.
Chief Executive Officer
Principals
Oversees strategy, investments, trading and performance. Joined in 2012 after roles as an equity research analyst at TD Asset Management and a consultant at Deloitte. Rotman MBA, Waterloo math and computer science, CFA.
Chief Financial Officer, Chief Operating Officer and Chief Marketing Officer
Principals
Runs finance, operations and marketing and manages private investment vehicles; sole manager and principal owner of Anson Management GP LLC. CPA and CFA charterholder.
Photo: ansonfunds.com (official) (opens in a new tab)
Chief Legal Officer, Chief Risk Officer and Chief People Officer
Principals
Oversees legal, risk, compliance and talent across jurisdictions; previously held legal roles at Goldman Sachs and Weil, Gotshal & Manges in New York. Osgoode JD, Schulich BBA.
Photo: ansonfunds.com (official) (opens in a new tab)
Co-Head Investments
Principals
Focuses on trading and portfolio management; joined in 2013 after roles at RBC Capital Markets in Toronto and Sydney and at PwC. Schulich BBA, CPA.
Co-Head Investments
Principals
Focuses on North American small-cap equities, special situations and thematic investing. Joined in 2016 as an analyst and rose through portfolio manager and principal; previously an investment banker at BMO Capital Markets. McGill economics and finance.
Analyst
Investments
Joined in 2021 on long/short fundamentals, from an Associate seat in BofA Securities' investment banking group. Ivey HBA.
Analyst
Investments
Joined in 2024 on long/short fundamentals, after investment analyst roles at 1832 Asset Management and Delaney Capital Management. Laurier BBA, CFA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Oct 13, 2023
Sagar GuptaHire
Portfolio Manager, Activism
Legion Partners → Anson Funds
Hired to build out Anson's activism strategy.
Aug 11, 2026
Lionsgate Studios
Activist shareholder (pushing for a sale) · Film and television
Anson, which took a stake in late 2024, is pressing Lionsgate to put itself up for sale: in a July 2026 letter to the board, portfolio manager Sagar Gupta argued the studio must reposition for AI or be sold. Lionsgate was separately reported to have held sale talks with France's Bollore Group. No deal has been announced.
Feb 10, 2026
Clear Channel Outdoor
Activist shareholder · Outdoor advertising
Buyer Mubadala
Mubadala reached a deal for Clear Channel Outdoor, reported at $6.2 billion, after Anson had publicly called for the company's sale.
May 28, 2025
InterRent REIT
Activist shareholder · Real estate (multifamily REIT)
Buyer Carriage Hill Properties
InterRent accepted a take-private bid from Carriage Hill Properties, reported at about $4 billion, after Anson built a stake of roughly 9% and pressed for a sale.
Anson's letter urges the studio to adapt for AI or sell itself.
A sale Anson had called for.
Coverage of Anson's push into Canadian real estate.
InterRent agrees to sell after Anson's campaign.
Hires Sagar Gupta from Legion Partners to build out its activism strategy.
Anson Funds is established; it now operates from Toronto and Dallas.
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Anson Funds · Feb 10, 2026 · ansonfunds.com
Anson Funds · May 28, 2025 · ansonfunds.com
Anson Funds · Mar 10, 2025 · ansonfunds.com
Anson Funds · Date unavailable · ansonfunds.com
Anson Funds · Date unavailable · ansonfunds.com
Bloomberg · Aug 11, 2026 · bloomberg.com
Financial Post · Jan 13, 2026 · financialpost.com
CNBC · Sep 27, 2025 · cnbc.com
Reuters · Oct 13, 2023 · reuters.com
Showing sources for the free preview. 1 further sources support the locked intelligence on this page.
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Where people go next
Guidance
Analyst
Investments
Joined in 2020 on long/short fundamentals, after internships in investment banking at Scotiabank Global Banking and Markets and risk management at BDO Canada. Waterloo computing and financial management.
Analyst
Investments
Joined in 2024 on long/short fundamentals, after internships including BCI Public Equities and corporate M&A. Waterloo economics.
Portfolio Manager, Arch Anson Tactical Real Estate Fund
Portfolio Managers
Leads the real estate strategy; previously managed over $1 billion in global real estate equities at Sentry Investments. Schulich MBA, Western BA, CFA.
Portfolio Manager, Anson North Star Tactical Equity Fund
Portfolio Managers
Focuses on equity and income market analysis across capital structures; began his career at Barometer Asset Management in 2006. Laurier BBA, CFA.
Portfolio Manager, Activism
Portfolio Managers
Leads the activism strategy, a concentrated portfolio of North American small and mid-caps. Previously in investment banking at UBS, private equity at KKR, long/short equity at Balyasny and activism at Legion Partners; sits on the board of Five9.
Portfolio Manager, Long/Short Fundamentals
Portfolio Managers
Joined in 2019 to cover long/short fundamentals in North American equities, after starting on the sell side at Raymond James. Queen's engineering, CFA.
Portfolio Manager, Arch Anson Tactical Real Estate Fund
Portfolio Managers
Joined in 2019 to focus on the REIT strategy; previously in real estate private equity at Sandpiper Group, working on public REIT activism. Queen's Commerce, CFA.
Portfolio Manager, Long/Short Fundamentals
Portfolio Managers
Joined in 2019 to cover long/short fundamental opportunities, after investment banking and corporate M&A at Rogers Communications. Ivey HBA.