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2006 file photo of Claymore Investments president Som Seif.
2006 file photo of Claymore Investments president Som Seif.
(Deborah Baic/Deborah Baic/The Globe and Mail)

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Som Seif tries his luck again

It’s been a year since asset manager BlackRock Inc. bought Claymore Investments Inc. – a firm founded by Som Seif that focused on low-fee, exchange traded funds (ETFs) and became one of the fastest growing asset management companies in Canada. Now, Mr. Seif is launching new business, Purpose Investments, and he has enlisted an established hedge fund to try to repeat his success.