Canada's West Face looking to raise $1.5 billion -source

Tue Sep 27, 2016 11:27am EDT
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TORONTO, Sept 27 (Reuters) - Canadian money manager West Face Capital is looking to raise $1.5 billion for a new private equity fund, according to a person familiar with the situation.

The Toronto-based hedge fund is best known for taking stakes in struggling companies and pushing for changes.

(Reporting by John Tilak; Writing by Jeffrey Hodgson; Editing by Paul Simao)