Our Funds

Alternative Strategies (non- Prospectus)

Multi-manager / Multi-strategy

The BB Fund aims to provide unitholders with long-term capital appreciation through exposure, ultimately, to the returns of Boothbay Diversified Alpha Master Fund Ltd. (the “Boothbay Master Fund”), which is managed by Boothbay Fund Management, LLC based in New York. The Boothbay Master Fund invests in a diversified portfolio of investment managers managing niche strategies that target low correlation to the S&P 500 and high risk adjusted returns. There is no restriction on strategies, but they may include fundamental long/short, capital markets, commodity and currency arbitrage, event driven, fixed income and quantitative market neutral.

Long-only

ElevenFund is a short-term trading fund focused on the Canadian equity market. ElevenFund targets superior risk-adjusted returns compared to the TSX, as measured by the Sharpe and MAR (‘gain-to-pain’) ratios. The Fund places significant emphasis on liquidity, capital preservation and on crystallizing open profit positions. The Fund uses no leverage and does not invest in private securities.

Multi-strategy Quantitative

FORT is a quantitative fund with an investment objective to achieve attractive absolute rates of return that are generally uncorrelated with global equity markets.

Short biased equity

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.

Trading-oriented long/short equity

LSQ Fund is an open-end investment quantitative fund whose objective is to generate positive risk-adjusted returns with low volatility and low correlation to the equity markets. The Fund focuses on North American listed equities and operates with very low net exposure to the market. The investment team conducts extensive quantitative analysis on all investment ideas and trades in a systematic fashion overlaid with management’s extensive trading experience.

Focuses on Special Purpose Acquisition Corporations (“SPACs”).

LSQ SPAC Fund is an open-end investment fund whose objective is to generate positive risk-adjusted returns with low volatility and low correlation to the equity markets by investing in publicly listed special purpose acquisition corporations (“SPACs”). SPACs are “blind pools” that raise capital through an initial public offering. The Fund will acquire a diversified portfolio of US listed SPACs through both IPOs and the secondary market. The Fund pays a monthly distribution – see Fund Details on the Fund web page for further details.

Opportunistic event-driven

MMCAP is an event-driven fund that concentrates on small- to mid-sized corporate actions in Canada, the US and elsewhere, and seeks to exploit inefficiencies that are overlooked and/or not understood by larger market participants. The fund utilizes a broad range of strategies, including merger arbitrage, convertible arbitrage, warrant arbitrage, capital structure arbitrage, index arbitrage, event driven/special situations, convertibles, SPAC arbitrage, private investments and pairs trading.

Life Settlements

A life insurance policy is an asset owned by the policyholder that can be sold like any other asset. It can be economically beneficial for policyholders to sell – e.g., seniors who no longer need the coverage or find the premiums unaffordable in retirement. These parties are faced with abandoning their policies for little or no value, so selling their insurance provides a way for them to receive fair economic value for their policy. Perisen’s strategy is to acquire a portfolio of U.S. Life Settlements (insurance policies), pay the premiums and then collect the benefit proceeds. The difference between this payout and the initial purchase price (net of the premiums) represents the fund’s return.

Fundamental long/short value

Ten Point is a value-oriented fund the focuses primarily on Canadian equities. Sector preference fluctuates based on opportunity and economic conditions. The Fund seeks to achieve this objective through superior stock selection, focusing predominantly on establishing long positions with listed North American equities while opportunistically establishing short positions from time to time with respect to companies that are believed to be fundamentally overpriced.

Early-stage special situations

Teraz invests in a diversified portfolio of Canadian small and micro-cap equities.  The Fund is long-biased, taking long positions in early stage companies run by successful entrepreneurs, including start-ups, listed cash-rich shells, merger and acquisition candidates as well as deep fundamental value and turnaround opportunities.

Mutual funds

Long-only

The MM Fund is a long-only mutual fund that invests utilizing a “core and more” approach. The core portfolio consists of sustainable high yielding or dividend paying Canadian equity securities and, to a lesser extent, real estate investment trusts, convertibles, debt securities, preferred shares and U.S. equity securities. 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.

Sector-specific

The StoneCastle Cannabis Growth Fund invests primarily in equity securities of North American publicly listed companies that operate in, or derive a meaningful portion of their revenue or earnings from, the cannabis industry or related industries, such as cannabis production and distribution, biopharmaceuticals and other ancillary businesses including edible and infused cannabis products, nutraceuticals, real estate, technology, security solutions, financing, delivery systems and retail distribution.

Additional Strategies

We are constantly looking for new alternative strategies such as crypto currencies, litigation lending and secondary private equity. Sometimes we raise capital for these strategies in a closed-ended fund rather than using an open ended structure.

If you want to learn more about strategies that we have focused on in the past or new strategies that we are currently looking at, please contact us.