BB Fund (Canada) LP
The 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.
Why Invest?
- Gain access to a multi-manager and multi-strategy approach to investing.
- Interested in a strategy that targets above-average capital appreciation by opportunistically trading and investing in a wide variety of securities, instruments, and other investment opportunities and engaging in a broad array of trading and investment strategies through the Boothbay Master Fund.
- Although past performance may not be indicative of future results, the past performance of the Boothbay Master Fund has exhibited low volatility through a range of market environments
- Suitable for investors seeking long-term growth with low risk
Fund Details
Legal structure
Limited Partnership
Strategy
Multi-manager / Multi-strategy
Fundserv Code
| Class (USD) | |
| F1A: | (Closed – founders class) |
| F1R: | SPA1804 (regular units) |
| F2R: | SPA1808 (regular units) |
| F2RE: | SPA1806 (enhanced exposure [1.3x] units) |
| F2AE: | (Closed – founders class) |
| Class (CAD) | |
| CF1A: | (Closed – founders class) |
| CF1R: | SPA1814 (regular units) |
| CF2R: | SPA1818 (regular units) |
| CF2RE: | SPA1816 (enhanced exposure [1.3x] units) |
| CF2AE: | (Closed – founders class) |
RSP Eligible
No
Subscription Frequency
Monthly, on the second last business day of each month
Minimum Investment (accredited investors only)
| Class | |
| US Classes | US$ 100,000 and US$ 10,000 thereafter |
| CAD Classes | CAD$ 100,000 and CAD$ 10,000 thereafter |
Currency
US dollars and CAD dollars
Management Fee
| Class | |
| F1A | CF1A: | 1.25% per annum (Closed) |
| F1R | CF1R: | 1.50% per annum |
| F2R | CF2R: | 1.50% per annum |
| F2RE | CF2RE: | 1.83% per annum |
| F2AE: | CF2AE: | 1.50% per annum (Closed) |
Performance Fee
| Class | |
| F1A | CF1A: | 28.75%¹ (Closed) |
| F1R | CF1R: | 31.25%¹ |
| F2R | CF2R: | 30.00%¹ |
| F2RE | CF2RE: | 30.00%¹ |
| F2AE: | CF2AE: | 30.00%¹ (Closed) |
¹ Performance fees for individual managers differ but in aggregate, they are approximately 20% (which are included in the fees above).
Lock-up Period
None
Redemption Frequency
Quarterly, on the last business day of each quarter
Redemption Notice
65 calendar days
Early Redemption Fee
| Class | |
| F1A | CF1A: | 3% if redeemed prior to 1 year (Closed) |
| F1R | CF1R: | 3% if redeemed prior to 1 year |
| F2R | CF2R: | 3% if redeemed prior to 1 year and 2% if redeemed between 1-2 years |
| F2RE | CF2RE: | 3% if redeemed prior to 1 year and 2% if redeemed between 1-2 years |
| F2AE: | CF2AE: | 3% if redeemed prior to 1 year and 2% if redeemed between 1-2 years (Closed) |
