Mr. Foster is a partner with the law firm Fasken Martineau and is extensively involved in the investment funds, registration and securities law areas. He actively advises a number of public and private investment funds and has been involved in launching a number of exchange traded funds and structured products. Mr. Foster has created new funds, including hedge funds, drafted trust, management, advisory, sub-advisory and distribution agreements, filed numerous applications for exemptive relief and prepared offering documents for both public and private funds. He has also been involved in a number of mutual fund acquisitions and reorganizations. In addition, Mr. Foster has registered, and provides ongoing compliance and registration advice, to various advisers and dealers. He also comments on policy initiatives in the investment funds, registration and securities law areas.
Closed End Conversion of Closed End Funds into an ETF — Involved in the launch of various closed end funds that after a period of time and the satisfaction of certain conditions convert into a continuously offered exchange traded fund.
Launch of Actively Managed ETFs — Launched some of the first Canadian exchange traded funds that involve an actively managed mandate.
Launch of Leveraged and Inverse ETFs — Initial launch in Canada of exchange traded funds delivering a return equal to a multiple or inverse multiple of an underlying index.