BNET Industries

Tailwind Financial Inc.

TNF is in the Financial Services Industry

Last Fiscal Year Sales:$3.0M
  • Public
  • CA
Dow Jones Description

Tailwind Financial Inc. is a blank check development stage company formed to acquire, through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination, one or more businesses in the financial services industry. Tailwind's management team has extensive experience in the financial services sector with a particular emphasis on the Canadian asset management industry. Gordon A. McMillan, Tailwind's Chairman of the Board, has founded or co-founded four separate asset management firms in Canada and has overseen the sale of these firms to larger industry consolidators in Canada. Andrew A. McKay, Tailwind's Chief Executive Officer was the founder and, until its recent sale, the Chief Executive Officer of Fairway Asset Management Corp., or Fairway, a Canadian manager of closed-end investment trusts and venture capital funds. Tailwind's directors include Philip Armstrong, Robert C. Hain, Stephen T. Moore and Robert Penteliuk, who also have significant experience in the financial services sector. Mr. Armstrong is the President, Chief Executive Officer and a Director of Jovian Capital Corporation, a TSX Venture Exchange-listed company which invests in financial services companies and is the parent company of Fairway. Mr. Hain was formerly the Chief Executive Officer of INVESCO UK Ltd., one of the largest asset managers in the UK. Mr. Moore currently chairs the board of governors of CI Funds Inc., one of Canada's...

President and Chief Executive OfficerPhilip Armstrong
Number of Employees 3
Contact Information

181 Bay Street Suite 2040

Toronto, Ontario M5J 2T3

www.tailwindfc....

(416) 601-2422

NAICS Code Miscellaneous Financial Investment Activities: 523999

Recent Events

  • UPDATE 1-Allen-Vanguard, Tailwind Financial deal terminated

    4/06/09 - Merger / Acquisition - View Story

  • Tailwind Financial TNF Terminates Arrangement Agreement With Allen-Vanguard Corporation

    4/06/09 - Merger / Acquisition - View Story

  • Allen-Vanguard takeover dies

    4/06/09 - Joint Venture / Alliance - View Story

  • Allen-Vanguard OKs sale to Tailwind in all-stock deal

    1/27/09 - Merger / Acquisition - View Story

  • Allen-Vanguard to merge with Tailwind Financial

    1/27/09 - Merger / Acquisition - View Story

News & Analysis

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tailwind financial inc. - All News and Analysis

  • Tailwind Financial Inc. Announces Liquidating Distributions

    - 2009-04-22

    Tailwind Financial Inc., a special purpose acquisition corporation, today announces that the liquidating distributions to the shareholders of the company are being made starting today and will equal $8.17733907 per share. The trading of Tailwind's shares was suspended on April 17, 2009 in anticipation of the liquidation of the Company....

  • Tailwind Financial Inc. Announces Liquidating Distributions.

    - 2009-04-22

    NEW YORK, NEW YORK, Apr 22, 2009 Marketwire via COMTEX -- Tailwind Financial Inc., a special purpose acquisition corporation, today announces that the liquidating distributions to the shareholders of the company are being made starting today and will equal $8.17733907 per share. The trading of Tailwind's...

  • Tailwind Financial Inc. Announces Record Date for Liquidating Distribution

    - 2009-04-08

    Tailwind Financial Inc. (NYSE Alternext US: TNF) (NYSE Alternext US: TNF.U) (NYSE Alternext US: TNF.WS), a special purpose acquisition corporation, today announced that its existence will terminate on April 17, 2009 since a business combination will not have been effected by that date. Since Tailwind will be unable to complete...

  • Tailwind Financial Inc. Announces Record Date for Liquidating Distribution.

    - 2009-04-08

    NEW YORK, NEW YORK, Apr 8, 2009 Marketwire via COMTEX -- Tailwind Financial Inc. (NYSE Alternext US:TNF) (NYSE Alternext US:TNF.U) (NYSE Alternext US:TNF.WS), a special purpose acquisition corporation, today announced that its existence will terminate on April 17, 2009 since a business combination will not have...

  • Tailwind Financial Inc. Terminates Arrangement Agreement With Allen-Vanguard Corporation.

    - 2009-04-06

    NEW YORK, NEW YORK, Apr 6, 2009 Marketwire via COMTEX -- Tailwind Financial Inc. (NYSE Alternext US:TNF)(NYSE Alternext US:TNF.U)(NYSE Alternext US:TNF.WS), a special purpose acquisition corporation, today announced that it will no longer pursue the acquisition of Allen-Vanguard Corporation, as contemplated by its previously announced ...

  • Tailwind Financial Inc. Terminates Arrangement Agreement With Allen-Vanguard Corporation

    - 2009-04-06

    Tailwind Financial Inc. (NYSE Alternext US: TNF)(NYSE Alternext US: TNF.U)(NYSE Alternext US: TNF.WS), a special purpose acquisition corporation, today announced that it will no longer pursue the acquisition of Allen-Vanguard Corporation, as contemplated by its previously announced Arrangement Agreement with Allen-Vanguard. Tailwind has cancelled its special meeting of shareholders scheduled...

  • Tailwind Financial Inc. Receives Notice from NYSE Alternext US and Announces Plan to Hold Stockholders Meeting

    - 2009-02-13

    Tailwind Financial Inc. (NYSE Alternext US: TNF)(NYSE Alternext US: TNF.U)(NYSE Alternext US: TNF.WS) ("Tailwind" or the "Company"), a special purpose acquisition company, today announced that it intends to submit a plan to the NYSE Alternext US LLC (the "Exchange") to hold an election of directors at the special meeting of...

  • Tailwind Financial Inc. Receives Notice from NYSE Alternext US and Announces Plan to Hold Stockholders Meeting.

    - 2009-02-13

    TORONTO, ONTARIO and NEW YORK, NEW YORK, Feb 13, 2009 Marketwire via COMTEX -- Tailwind Financial Inc. (NYSE Alternext US:TNF)(NYSE Alternext US:TNF.U)(NYSE Alternext US:TNF.WS) ("Tailwind" or the "Company"), a special purpose acquisition company, today announced that it intends to submit a plan to the NYSE Alternext...

  • Allen-Vanguard To Receive $100 Million Investment

    - 2009-01-27

    Tailwind Financial, Inc. [TNF], a special purpose acquisition company, has agreed to merge with Canada's troubled Allen-Vanguard Corp. in a deal that will recapitalize and reduce the debt burden of Allen-Vanguard, the companies said yesterday. The merged company will be called Allen Vanguard Corp. and...

  • Tailwind Financial Inc. Signs Letter of Intent to Acquire 20 Dry Bulk Vessels

    - 2008-08-27

    Tailwind Financial Inc.("Tailwind") (AMEX: TNF) (AMEX: TNF.U) (AMEX: TNF.WS), a special purposeacquisition company, today announced that it has signed a letter of intentwith GrandUnion Inc ("GrandUnion"), a shipping company headquartered inPiraeus, Greece, contemplating the acquisition by Tailwind of 20 vesselsoperating in the dry bulk industry, including nine newbuildings to bedelivered...

Decision Makers

Name (plus bio) Position
Philip Armstrong President and Chief Executive Officer
Stephen T. Moore Managing Director
David M Knott Beneficial Owner
Gordon McMillan Assistant Secretary
Organization Position Status
Jovian Capital Corporation CEO Current
Tailwind Financial Inc. President and Chief Executive Officer Current
Pescara Partners Inc. President Current
Jov Flow-Through Limited Partnership Chairman & Director Current
Horizons Beta Pro Funds Current
Canadian Opera Company Board of Directors Current
Jovian Capital Corporation Board of Directors Current
Ticoon Technology Inc. Board of Directors Current
Cmdf Board of Directors Current
Alta Mira Chief Executive Officer Former
Altamira Investment Services Inc. CEO Former
Altamira Investment Services Inc. President Former
Jovian Capital Corporation President Former
Trust Services Vice President Former
Altamira Investment Services Inc. Partner Former
Trust Services Manager Former
Lloyds Bank Management Trainee Former
Jovian Capital Corporation Principal Former
Altamira Investment Services Inc. Director Former
Tailwind Financial Inc. Board of Directors Former
Organization Position Status
Newhaven Asset Management Inc Chief Compliance Officer Current
Tailwind Financial Inc. Managing Director Current
Ci Financial Income Fund Managing Director, Newhaven Asset Management Inc., Director Current
Impax Energy Services Income Trust Board of Directors Current
Ci Financial Income Fund Board of Directors Current
TD Securities, Inc. Vice President Former
Kensington Capital Partners, LLC Managing Director Former
Kensington Capital Partners, LLC Founder Former
Newhaven Asset Management Inc Managing Director and Portfolio Manager Current
Tailwind Financial Inc. Board of Directors Former
Queen's University Masters of Business Administration Former
Queens University MBA Former
Queens University B.A. Former
Queen's University Bachelor's Degree In Economics Former
Organization Position Status
Tailwind Financial Inc. Beneficial Owner Current
Tailwind Financial Inc. President of Dorsett Management Corporation Former
Organization Position Status
Impax Management Ltd. Managing Director Current
Venturelink Co-Founder Current
Impax Management Ltd. Co-Founder Current
Scf Capital Inc. Managing Partner Current
Care Canada Sponsor Current
Tailwind Financial Inc. Assistant Secretary Current
Impax Management Ltd. Chairman Current
Cmdf Chairman Current
Fairway Capital Management Corp. Chairman Current
Triax Capital Corporation Chief Executive Officer Former
Triax Capital Corporation President Former
Triax Capital Corporation Founder Former
Tailwind Financial Inc. Chairman of the Board Former
Triax Capital Corporation Director Former
Fairway Capital Management Corp. Director Former
Queen's University Bachelor of Laws Degree Former
Queens University Bachelor of Laws Degree Former

Executive News

  • Company partners with UM Financial

    Investment Executive - 5/27/09 - View Story

  • Jovian plans to talk about Islam-friendly investments

    Stockwatch - 5/27/09 - View Story

  • Jovian to Partner with UM Financial to Launch Shariah-Compliant Product

    Yahoo! Canada - 5/27/09 - View Story

  • Jovian Capital director Matthews resigns

    Stockwatch - 5/13/09 - View Story

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