Fund Description
Noble Bay Energy Fund is a multi strategy energy fund that aims to generate consistent, attractive risk-adjusted returns, with reduced volatility and with low correlation to the North American equity markets. The Fund utilizes four sub-strategies – market neutral (relative value), market directional (macro-momentum), covered calls (yield-options) and special situations - which are self-complimenting in order to provide investors with a more consistent return profile than is available through traditional investing in the energy sector.
Portfolio Manager
Mark Ellis, MSc & CIM, the Portfolio Manager for Noble Bay, has over 11 years of experience investing in the energy sector. Prior to founding Noble Bay, Mark was a founding partner of Rayne Capital, a Calgary based energy fund that returned over 63% in 4.5 years to its investors.
| Fund Details |
| Strategy |
Energy Focused - Multi Strategy |
| FundSERV |
No |
| RSP Eligible |
No |
| Subscription Frequency |
Monthly, on the last business day of each month |
| Minimum Investment |
$1,000 initial and $500 subsequent (accredited investors) |
| Currency |
Canadian dollars |
| Management Fee |
Class A: 2.00% per annum (incl. 1% trailer fee to advisors) |
| Performance Fee |
Class A: 20% |
| High Water Mark |
Yes, no reset |
| Lock-up Period |
None |
| Redemption Frequency |
Monthly, on the last business day of each month |
| Redemption Notice |
1 month |
| Early Redemption Fee |
None |
| Manager/Trustee |
Spartan Fund Management Inc. |
| Prime Broker/Custodian |
Scotia Capital |
| Auditor |
KPMG LLP |
| Fund Administrator |
SGGG Fund Services Inc. |
| Legal Counsel |
McMillan LLP |
| Inception Date |
September 1, 2012 |
Documents
Click on the relevant link below to download the appropriate document for the Noble Bay Energy Fund:
Contact
For more information on the Noble Bay Energy Fund, please contact your investment advisor. If you do not have an investment advisor, please contact us.
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