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Financier Ned Goodman, a major player on Bay Street who for five decades founded money management firms and backed successful mining companies, passed away on Sunday at age 85.
Mr. Goodman, a native of Montreal, provided the capital and leadership that transformed small resource projects into major companies such as Kinross Gold Corp. and IAMGOLD Corp.
He was also a driving force behind the creation of mines now owned by Barrick Gold Corp. Over the course of his career, he launched two major money managers: Beutel, Goodman & Company Ltd. and Dynamic Funds.
In later life, he turned his attention to philanthropy. As a result of his donations, Brock University’s business school, Concordia University’s investment management program and Laurentian University’s mining school are all now named in his honour.
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