AIMA (the Alternative Investment Management Association) published ‘Apples and Apples – How to better understand hedge fund performance’ to help investors better understand hedge fund returns. The paper was written to address persistent media reports that publish headlines based on a simple comparison of returns, without giving consideration to risk. In reality, the majority of hedge funds, including all of Spartan’s funds, are managed to mitigate risk and to offer returns that are uncorrelated to the equity markets.

You’ll find it to be an interesting read – it’s short and to the point.

   

 

Click for a  Performance Recap of all of the Spartan funds
If you are interested in investing in one of our funds, please contact us

  MMCAP utilizes a broad range of strategies, including merger arbitrage, convertible arbitrage, warrant arbitrage, capital structure arbitrage, index arbitrage, event driven/special situations, private investments and pairs trading.  The Fund can invest in long and short positions in equity, debt and derivative securities of businesses located anywhere in the world across diversified industry sectors.
 

 

ElevenFund is a short term momentum fund focused on the Canadian equity market. The fund places significant emphasis on liquidity, capital preservation and on crystallizing open profit positions. ElevenFund uses no leverage and does not invest in private securities.

 


Teraz is a long/short equity fund focused on micro cap companies listed in Canada.  The Fund utilizes 3 strategies: long positions in early stage companies run by successful entrepreneurs; opportunistic investing; and short positions in companies with suspected fraud, questionable management and over-promotion.

 

 

onTREND is a discretionary trend following fund focused on listed North American equities.  The strategy of the Fund incorporates a quantitative trend following system, overlaid with fundamental analysis, that is utilized on a discretionary basis to enter into both long and short positions.

Libertas was designed to allow investors to benefit if there is a collapse in Canadian housing prices.  The Fund uses fundamental top-down macroeconomic analysis combined with detailed bottom-up fundamental analysis and due diligence to determine individual securities that best express the Fund's macroeconomic investment theme.

 

qmetrica is a quantitative investment fund that focuses on large-capitalization U.S. and Canadian equities, using proprietary statistical pattern recognition and optimization algorithms to identify trading opportunities and to diversify its portfolio. The Fund has variable model-driven net exposure so it periodically uses short-selling and derivatives to further reduce market risk.

 

Avondale is an income oriented fund that invests in equity-linked structured products issued by highly rated financial institutions.  The Fund’s investment objective is to generate consistent income, while minimizing downside risk.  The Fund will initially target fixed monthly distributions of 8% per annum.

                 

 

Goldenwise seeks to provide investors with absolute returns that have a low correlation with traditional asset classes, such as the S&P500. Goldenwise uses quantitative and behaviour analysis to identify short and mid-term market inefficiencies, mispricings and strong global macro trends, which it looks to profit from by utilizing quantitative strategies, such as Relative Value Long/Short, Volatility Arbitrage, Statistical Arbitrage, Spread Trading, Trend Following, and Global Macro.

MUTUAL FUNDS

 

The MM Fund invests utilizing a "core and more" approach. The core portfolio consists primarily of high yielding or dividend paying Canadian equity securities and the "more" consists of equity and debt, plus potentially warrants, small and micro capitalization stocks, that will likely have more volatility but a higher potential for capital gains. 

OFFSHORE FUNDS

 

 

Dorset is a quantitative CTA that specializes in equity index arbitrage and volatility arbitrage to capture short and mid-term market inefficiencies in futures and options on futures on global equity indices, as well as highly liquid commodities, such as gold and crude oil.


 

LSQ is a quantitatively oriented long/short equity fund that is absolute return focused.  The Fund primarily trades North American listed equities and operates with a very low net market exposure.  The investment team conducts extensive quantitative analysis on all investment ideas and trades in a systematic fashion, overlaid with management’s extensive trading experience.

"HERAEA" An exception in ancient Greece, Spartan women were athletically trained, and competed in The Heraea Games at the Stadium at Olympia, as early as the 6th century BC.



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