About

Our Company

Established in 2013, Layline focuses on collateral management and securities finance strategies designed to enhance portfolio yield for pension plans and long-asset funds. Portfolio yield optimization may incorporate fund overlays, securities lending, synthetic cash and opportunistic delta-one arbitrage strategies. Layline works with select institutional clients to earn alpha through transactions that have traditionally been the preserve of large banks and other firms with extensive internal resources.

Layline’s principals possess specific expertise and experience in portfolio management, fund management, securities and derivatives trading, financial products structuring, treasury, public markets, investor communications, regulation and compliance.

Principals + Roles

A. Bruce Bardon, JD/MBA, CFA
CEO and Portfolio Manager

Mr. Bardon founded Layline Capital in 2013 amidst market demand to provide portfolio managers the high-level resources necessary to deploy collateral management strategies. Mr. Bardon previously managed and traded a derivative products portfolio for the London Banking and Markets branch of a top-tier Canadian Bank.

Mr. Bardon holds a JD/MBA degree from Dalhousie University and is a CFA Charterholder.

Philip K. Gow, MBA, CFA
COO and Portfolio Manager

Mr. Gow co-manages the synthetic cash strategy and is responsible for trading operations. As a previous co-founder of the capital markets affiliate of a large Canadian institutional fund manager, he managed hedged portfolios and derivatives strategies, and was a key member of the affiliate’s executive team.

Mr. Gow holds an MBA degree from St. Mary’s University and is a CFA Charterholder.

D. Wayne Howard, MBA
CFO

Mr. Howard joined Layline Capital in 2018. Previously, Mr. Howard was engaged in capital markets for a major Canadian bank for 25 years from Toronto, New York, and Nassau where his primary focus was Financial Institutions and their structured credit requirements.

Mr. Howard holds an MBA degree from the University of Toronto.