Founding Partners

The founding partners of Caravel Capital Investments Inc. have over 50-years experience in alternative investments.

Jeff Banfield

Founding Partner

Jeff (William) Banfield has over 30 years of experience in investing and trading. He is a pioneer and expert in the alternative investment industry who was one of the four-member index committee that invented the world’s first ETF; originally called TIPS (Toronto Index Participation Securities).

  • 2003 – 2015 ran JMO Research Ltd which oversaw Mr. Banfield’s Family Office Investments.
  • 1997 – 2002 founded a Canadian hedge fund that generated a net return of over 350% with a 34% compound return to investors.  During the same period, the S&P 500 compounded 7% and the Canadian Benchmark compounded 5.3%.
  • The fund’s largest drawdown was -3.6% over two months.  During the same period, the S&P 500 incurred a loss of -20%, and the TSX -32%.
  • 1986 – 1997 proprietary trading at RBC Dominion Securities/ Richardson Greenshields as Vice President, then Managing Director overseeing program trading, index option arbitrage, structured products, convertible arbitrage, and merger arbitrage.
  • Considered a pioneer of the Canadian alternative investment industry in market-neutral strategies.
  • Bachelor of Arts, Economics – Trent University.

Glen Gibbons, CIM

Founding Partner

  • Over 20 years of experience in the investment industry.
  • Strategic focus on merger arbitrage, special situations and market neutral strategies.
  • 2013 – 2016 Co-Founder, Portfolio Manager, and CCO of HGC Investment Management.
  • 2009 – 2013 CEO Radiant Investment Management Ltd, Portfolio Manager.
  • 2002 – 2009 Vice President, K2 & Associates Investment Management.
  • Graduated from the University of Western Ontario with an Honours BA in Economics.
  • Designations: Certified Investment Management, Investment Management Techniques, Portfolio Management Techniques, CSC, CPH.