LSQ SPAC Fund
The LSQ SPAC Fund invests in a diversified portfolio of listed special purpose acquisition corporations (“SPACs”) and targets double-digit returns with low correlation to the equity markets. SPACs are publicly-traded shell corporations that raise capital in anticipation of making an acquisition which can present trading/SPAC arbitrage opportunities in the time between the IPO of the SPAC and the potential deal consummation.
Why Invest?
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Investors interested in a strategy that traditionally has had low correlation to North American equity markets.
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Investment team has extensive experience in SPAC arbitrage
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Material commitment of investment team and senior management
- Suitable for investors seeking long-term growth who can tolerate medium risk
Fund Details
Legal structure
Trust
Strategy
SPACs
Fundserv Code
| Class (CAD) | Class (USD) | ||
| F: | SPA1500 | USF: | SPA1510 |
| X: | SPA1502 | USX: | SPA1512 |
RSP Eligible
Yes
Subscription Frequency
Monthly, on the last business day of each month
Minimum Investment (accredited investors only)
Class F | USF: $25,000
Class X | USX: $5,000,000 per investor / Investment Advisor
Class X | USX: $5,000,000 per investor / Investment Advisor
Currency
Canadian dollars and US dollars
Management Fee
| Class | |
| F | USF: | 1% per annum |
| X | USX: | 1.5% per annum |
Performance Fee
| Class | |
| F | USF: | 20% per annum |
| X | USX: | 10% per annum |
High Water Mark
Yes. No reset.
Lock-up Period
None
Redemption Frequency
Monthly, on the last business day of each month
Redemption Notice
20 calendar days
Early Redemption Fee
None
