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West Face Capital, one of Canada's biggest and most active hedge funds, has lost one of its key dealmakers.
General counsel Alex Singh has moved from West Face to Acasta Capital, a merchant bank founded by former Onex Corp. executive Anthony Melman.
At Acasta, Mr. Singh will be director and general counsel. He will be working on fund formation, co-investment deals and transaction structuring, Mr. Melman said in announcing Mr. Singh's move to his firm.
Mr. Singh spent four years as a senior executive at Toronto-based West Face, a $3-billion fund firm that was very active during his time there. West Face raised a new special situations fund and was busy on a number of deals. The firm started a proxy fight with Maple Leaf Foods after buying a large stake, before settling into an amicable relationship with the food company. West Face also is getting into the telecommunications business, having just agreed to be part of a group of investors buying Canada's Wind Mobile wireless carrier.