Canada’s Pugnacious Distressed-Debt King Can’t Lend Fast Enough

(Bloomberg) — Newton Glassman, who runs Canada’s second-biggest private equity firm, learned a valuable lesson after battling short sellers for much of 2016 at his lending subsidiary, Callidus Capital Corp.“I will never be the CEO of a public company ever again in my life,” Glassman said in an interview at Bloomberg’s headquarters in New York this month. “It is not a fun experience for me. I actually don’t think it’s the best use of my skills, and I don’t think I have the right personality for it.”Glassman, 52, runs Callidus from Toronto, alongside Catalyst Capital Group Inc., his private equity firm which has about $6 billion under management. Known for his bulldog approach to business — including a tendency to litigate — he’s participated in some of the biggest restructurings in Canada, including Canwest Global Communications Corp., IMAX Corp. and Hollinger Inc. One judge described …