K2 Principal Trust opens
A trust feeding into the Principal Fund opens, making the strategy available for registered accounts via FundSERV.
K2 & Associates is a Toronto-based hedge fund manager running a multi-strategy, event-driven approach across North American equity and debt markets, including merger and convertible arbitrage, long/short, activist investing, distressed debt and private equity. It manages two proprietary vehicles, the flagship K2 Principal Fund L.P. (2000) and the K2 Principal Trust (2009), and its principals have most of their own capital invested in the funds. For Canadian candidates it is a small, single-office shop: the published investment team is under ten people, mostly engineers and CFA charterholders with sell-side research or trading backgrounds, and no formal student program is published.
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Flagship multi-strategy, event-driven fund launched in December 2000 (formerly The K2 Arbitrage Fund L.P.), investing mainly in North American equities and debt via merger arbitrage, long/short, activist, convertible arbitrage, distressed debt, private equity and restructuring strategies, with heavy use of options for hedging.
Trust launched in October 2009 that invests primarily in the Principal Fund, giving the same strategy in a structure eligible for registered accounts and available to advisors and dealers through FundSERV.
K2 describes itself as an activist that works to surface value and as a lead investor and sponsor for companies seeking risk capital, from private placements to take-overs.
| Toronto | ON | headquarters |
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From the inside
Reasons that work in interviews
4 reasons for K2 & Associates
Expect the real question underneath to be “why this strategy”, then “why this platform within it”. Have a view on long/short versus multi-manager versus event-driven before you have a view on the firm, and bring one idea you can defend.
Genuine short-selling research capability, which almost no Canadian firm has and which teaches you to interrogate a business rather than advocate for it.
Long/short with real conviction on both sides of the book.
Small team in Toronto: your work goes straight into positions.
If you want to learn forensic accounting and scepticism early, this is the sharpest version of that available in Canada.
Coming soon
We’re collecting the real technical and behavioural questions candidates were asked at K2 & Associates, by role and office, and how each round runs.
When they’re in, they’ll be part of BSO Pro, which already has candidate reports for dozens of firms.
Interviewing there sooner than that? Get in touch and we’ll help you prepare.
How juniors get in
Small Toronto team that hires analysts with a few years of sell-side equity research or buy-side experience; no careers page, student program or new-graduate route is published, so reach out directly.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Programs
Founder, Chairman and Chief Investment Officer
Investment
Founded K2 in 1998 after two years as an analyst at Working Ventures Canadian Fund, and is now its CIO and chairman. He works on deal origination, investment selection, capital raising and portfolio company management. He holds a BA from McGill and an MBA from the University of Toronto.
Chief Executive Officer
Management
Joined K2 in August 2008 and is now CEO of K2 & Associates Investment Management Inc. Her focus is investor relations and marketing, and she also contributes to compliance and accounting. She is a registered exempt market dealing representative with the Ontario Securities Commission.
President and Chief Compliance Officer
Management
President and Chief Compliance Officer of K2; previously an executive at Macquarie Bank and its affiliates. He holds an MFin from INSEAD and an HBBA from Wilfrid Laurier, plus the ICD.D and CAMS designations.
Portfolio Manager
Investment
Joined K2's investment team in spring 2017 and manages risk arbitrage and convertible arbitrage strategies. He was previously a Managing Director on BMO Capital Markets' institutional equities desk focused on risk arbitrage trading, and before that an Executive Director in quantitative and program trading at CIBC World Markets. CFA charterholder; Honours BCom from McMaster.
Portfolio Manager
Investment
Joined K2 in February 2016; as Portfolio Manager he focuses on merger arbitrage and natural-resource equity investments. He previously spent two years in mining equity research at a Canadian broker-dealer. He holds a BASc from the University of Toronto, a Master of Finance from Rotman and the CFA charter.
Portfolio Manager
Investment
Joined K2 as an analyst in May 2015 and is now a Portfolio Manager focused on equities. He was earlier an equity analyst at Galileo Funds and a mining analyst at Boswell Capital Corporation. CFA charterholder with a BASc in Mineral Engineering from the University of Toronto.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
A trust feeding into the Principal Fund opens, making the strategy available for registered accounts via FundSERV.
The firm launches its flagship fund, originally named The K2 Arbitrage Fund L.P.
Shawn Kimel founds K2 & Associates Investment Management in Toronto.
No sourced transactions or people moves for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
K2 & Associates · Date unavailable · k2.ca
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Get your planSummer Analyst · Canada
Canadian funds take students in ones and twos and almost never post it. The way in is a pitch: a name you can argue, sent to somebody who reads it. BSO has not confirmed a timetable for K2 & Associates on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Typical background
GuidanceA Big Six or boutique investment bank, a pension rotation, or asset management.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
K2 & Associates is hereMid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Small-cap private equity, boutique managers and early-stage VC
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