VANCOUVER, BC—Ned Goodman, president and CEO of Dundee Corporation, will be the 2012 recipient of the Fraser Institute's T. Patrick Boyle Founder's Award in Toronto.
The Fraser Institute, Canada’s leading public policy think tank, gives the award to recognize outstanding achievements in entrepreneurship, dedication to competitive capitalism and free markets, and philanthropic support for private-sector, non-profit enterprises. Goodman will receive the award during a gala celebration October 4.
“Ned Goodman is a capitalist who exemplifies the ideals of free enterprise and entrepreneurialism, having launched several successful mining companies and building one of Canada’s most recognized investment firms, the Dundee group of financial companies,” said Niels Veldhuis, Fraser Institute president.
Goodman’s investment experience spans more than 40 years as a securities analyst, portfolio manager and senior executive, and he has an established reputation as one of Canada's most successful investment counselors.
Originally from Montreal, Goodman, co-founded investment management firm Beutel Goodman and Co. Ltd. in partnership with Austin Beutel and later Seymour Schulich. The firm soon made a name for itself working with Canadian junior resource companies to raise funds for exploration and development.
Goodman would eventually play a key leadership role in the growth of International Corona, which held interests in world-class gold mines in Ontario’s Hemlo region, which he later sold to Homestake Mines. He is most noted for his drive and determination that created “flow through share” investment structures that many say is the foundation of mining exploration in Canada today. He later helped create Dundee Precious Metals, Kinross Gold as well as IAMGOLD.
“Mr. Goodman’s work in the mining and the oil and gas sectors helped bring investment and jobs to many remote northern Canadian communities. By building successful, growing companies, he helped thousands of other Canadians prosper,” Veldhuis said.
Goodman would go on to form the Dundee group of financial companies in the 1990s which became Canadian leaders in providing investment and wealth management advice and a wide-array of investment products through Dynamic Mutual funds which was sold to Scotiabank in 2011.
Goodman is also known for his generosity and many philanthropic efforts. He founded the Goodman Institute of Investment Management, a graduate school for investment management at Concordia University, and serves there as an Adjunct Professor and as a member of the Associates of the Chancellor. He is a director and sponsor of Atidim, an Israeli organization that provides educational funding for new immigrants. He has also served as Chancellor of Brock University in Niagara, Ontario; and is working on an affiliation with Laurentian University in Sudbury.
Mr. Goodman is a founding director of the Roasters Foundation, the Jodamada Foundation, and the Dynamic Fund Foundation. Among his many awards and honours are PDAC’s Developer of the Year Award, presented in 1989; the Entrepreneur of the Year Award in 2004, and the Morningstar Investment Career Achievement Award in 2005. He was inducted into the Mining Hall of Fame earlier this year.
“Ned Goodman’s leadership and vision have greatly contributed to the economic success of both Ontario and Canada, and his philanthropic legacy will forever enrich Canadians,” Veldhuis said.