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Rating:Canada Will Not Be Led By a U.S. ETF Entrepreneur Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 19, 2017

Canada Will Not Be Led By a U.S. ETF Entrepreneur

News summary by MFWire's editors

So much for an ETF-entrepreneur riding the reality-star-turned-politician wave.

Kevin O'Leary
O'Shares Investments
Chairman
Kevin O'Leary, the reality TV star who launched his own ETF shop in the U.S. two years ago, officially dropped out of the race to become the leader of Canada's opposition Conservative. (The next leader of the Conservative party will challenge sitting Canadian Prime Minister Justin Trudeau, a Liberal.) O'Leary withdrew his candidacy on April 26, just three months after he first threw his hat into the ring.

O'Leary chairs New York City-based ETF shop O'Shares Investments and is known as "Mr. Wonderful" on Shark Tank.

When O'Leary withdrew from the Conservative party leadership race, he was still "by most lights the front-runner," Slate writes. Yet O'Leary is publicly throwing his support behind another candidate, Maxime Bernier (previously third in the race, Slate says). The online paper also ponders various possible reasons why O'Leary chose to drop out, "a strange end to a strange campaign." 

Edited by: Neil Anderson, Managing Editor


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