When billionaire Mat Ishbia’s mortgage company was facing significant losses on soured hedges earlier this year, he called old friends at Oaktree for help.

Brookfield Asset Management named Connor Teskey chief executive officer, marking the final step in Bruce Flatt’s long-held plans to replace himself at the helm of the $1 trillion asset manager.

Buyout heavyweights are increasingly resorting to the old-fashioned way of making money — actually running the companies they’ve bought.

Canada is registering more and more ETFs each month, rapidly expanding offerings in a market where the average fund is roughly a 10th the size of its U.S. counterpart. Newfangled funds -- not least those pegged to Bitcoin -- are responsible for some of the glut as Toronto upholds its mantle as an industry laboratory.

With some countries in Asia starting to frame Covid-19 as a disease that needs to be managed rather than stamped out, there’s hope 2021 may not be the total travel writeoff feared a few months ago.