Team
Scott Reid
Scott is the President of Stornoway Portfolio Management, founding it in 2004 and has been the Investment Manager of Ravensource Fund since July 2008. Scott has over 25 years of experience in the area of distressed securities.
Prior to founding Stornoway, Scott co-founded National Bank Financial's High Yield Group where he focused on researching, trading, and investing in high yield and distressed securities and was a key member of the firm's restructuring practice. Scott's experience has provided him a deep understanding of the legal and financial issues involved in investing in distressed securities and the expertise to play a leadership role in a corporate turnaround in order to protect and increase the value of the Fund's investment. Scott currently sits on the Board of Directors and Creditor Committees of various Ravensource investments.
As of December 31st, 2022, Scott - directly and indirectly - owned 103,939 units of the Ravensource Fund, representing 9.9% of the total units outstanding.
Daniel Metrikin
Daniel Metrikin is a Principal and Executive Vice President, Investments at Stornoway. Daniel focuses on all aspects of the investment process, including due diligence, analysis of potential investment opportunities, and value enhancement of existing positions. He joined the Stornoway Team in January 2017, and has over a decade of experience working in credit market investing, primarily focused on distressed opportunities. Daniel's experiences have provided him a diverse knowledge base to execute across the lifetime of a distressed investment - from evaluation, to financial restructuring and operational enhancement, to realization. Prior to joining Stornoway, he was a Vice President at H.I.G. Bayside Capital in New York where he focused on the evaluation and execution of stressed and distressed credit opportunities. He previously worked at Oaktree Capital Management in Los Angeles, specializing in special situation and distress-for-control investing. He has also held positions at Gluskin Sheff & Associates and Houlihan Lokey.
Daniel graduated Magna Cum Laude from the Wharton School at the University of Pennsylvania with a Bachelor of Science in Economics degree and concentrations in Finance and Accounting. He also holds an MBA from Stanford University.
As of December 31st, 2022, Daniel - directly and indirectly - owned 33,408 units of the Ravensource Fund, representing 3.2% of the total units outstanding.
Max Yermus
Max Yermus joined the Stornoway Team in June 2024 as an Investment Analyst. He contributes to all phases of the investment process including the research and due diligence of new and existing Fund opportunities. Max also assists with the day-to-day operations of the Fund.
Max graduated with Distinction from the Ivey Business School at Western University with an Honors Business Administration degree.