Toronto — May 26, 2026 — Canadian asset manager AGF Management Limited has announced plans to increase its economic ownership of New Holland Capital LLC (NHC) to 50 percent, effective May 29, 2026. The Toronto‑based firm will convert its existing convertible note into equity and make an additional $20 million USD investment in the New York‑based multi‑strategy hedge fund, which manages more than $7.8 billion USD in assets.
The investment builds on AGF’s partnership with NHC that began in February 2024 through its AGF Capital Partners unit. Since that initial investment, NHC’s assets under management have grown 44 percent, expanding its investment, risk, and operations teams while launching a new trading affiliate and strengthening its operational platform.
AGF expects the transaction to be modestly accretive to earnings in the near term, with NHC’s growing operating leverage contributing to future performance. The firm retains options to increase ownership beyond 50 percent.
NHC will continue operating independently under its existing leadership team — Scott Radke, Bill Young, and Nick Rontiris — while Ash Lawrence, Head of AGF Capital Partners, remains on the board to provide strategic guidance.
AGF’s leadership described the investment as a reflection of confidence in NHC’s long‑term growth potential and its role in diversifying AGF’s assets and client base. NHC’s executives emphasized that AGF’s support has enabled the firm to expand its talent pool and infrastructure while maintaining its distinctive investment culture.
