Libertas Real Asset Opportunity Fund

Libertas is targeting to provide returns to investors in the event that there was a decline in the Canadian housing market, based on the thesis that Canada has one of the most overvalued housing markets in the world and is due for a correction. 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.  In order to achieve the foregoing, the Fund’s positioning of the portfolio tends to be short-biased.

Current Monthly Report

Why Invest?

  • Belief in investment thesis: Canada has one of the most overvalued housing markets in the world and the Canadian economy is over-reliant on debt growth and the housing market.

  • Interested in participating in an aggressive short-biased strategy that targets to capture significant downside moves in the equity markets.

  • One of the few strategies of its kind available in Canada.

Fund Details

Strategy
Short biased fund
Fundserv Codes
A: SPA750 | F: SPA760
XA: SPA752 | XF: SPA762 | USXA: SPA754 | USXF: SPA764
RSP Eligible
Yes
Subscription Frequency
Monthly, on the last business day of each month
Minimum Investment
(accredited investors only)
Class
A: $25,000
F: $25,000
XA | USXA: $5,000,000
XF | USXF: $5,000,000
Currency
Canadian and US dollar share classes
Management Fee
Class
A: 2.25%
F: 1.25%
XA | USXA: 2.00%
XF | USXF: 1.00%
Performance Fee
20%
High Water Mark
Yes. No reset.
Lock-up Period
None
Redemption Frequency
Quarterly - on the last business day of Mar/Jun/Sep/Dec
Redemption Notice
1 month - on the last business day of Feb/May/Aug/Nov
Early Redemption Fee
A | F: 7% if held less than 1 year
XA | XF | USXA | USXF: 4% if held less than 1 year