NewGen Asset Management was founded and is led by David Dattels. When Dattles graduated from the University of Western Ontario with a degree in Economics, he was ready to start his career in finance. With Canaccord Genuity, where he had previously worked as a Metals and Mining Associate in 2004, he has since left Octagon Capital. RAB Capital hired David Dattles as an analyst in 2005. He was promoted to Metals and Mining analyst a year later. In 2009, he founded his Asset Management firm, NewGen Asset Management. The firm specializes in short selling, futures and other unconventional investments as well as arbitrage and leverage strategies.
Here is Insider Monkey’s list of top 10 stock picks of NewGen Asset Management. An oil well services company, Precision Drilling Corporation is currently Canada’s leading drilling rig contractor. Land drilling rigs in the United States, Canada, Saudi Arabia and Georgia are currently owned by the company. AQN is a company that generates power from renewable sources, such as wind and solar power. Other utilities like water and electricity have also been invested in by the company. US utility American Electric Power announced in October that it was selling its Kentucky operations for $2.846 billion. Canadian insurance giant Manulife Financial Corporation is one of the world’s largest fund managers. There was a $2.43 margin of error in the company’s revenue of $31.06 billion in the same quarter. TransAlta Corporation is based in Canada and is engaged in the operation and development of hydroelectric power plants. Across the United States and Canada, Canada, and Australia, it manages power generation facilities that use solar, wind, and coal power. David Rosen’s Rubric Capital Management has the largest stake in TransAlta Corp. as of the third quarter of 2021. Canada to the United States and the Gulf of Mexico are connected by Enbridge Inc.’s 24,000-mile natural gas pipeline. Enbridge Inc. shares owned by NewGen Asset Management are worth $7.36 million. For more details, click Top 10 Stock Picks Of David Dattels’ NewGen Asset Management.