MMCAP Canadian Fund
MMCAP is an opportunistic, 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, but not limited to, merger arbitrage, convertible arbitrage, warrant arbitrage, capital structure arbitrage, index arbitrage, event driven/special situations, convertibles, private investments and pairs trading.
Why Invest?
- Interested in gaining exposure to a broad range of event strategies.
- Investment team has been involved in the event area for over 18 years achieving double digit annualized gains.
- Fund was ranked as one of world’s top-performing hedge funds by both Barron’s and the Wall Street Journal in 2018
- Investors are seeking long-term aggressive growth with very high risk.
- The Fund’s investment team are by far the largest investors in the Fund ensuring a good alignment of incentives between manager and investor
Fund Details
Legal structure
Trust
Strategy
Opportunistic/Event driven
Fundserv Code
| Class (CAD) | Class (USD) | ||
| A: | SPA260 | USA: | SPA270 |
| F: | SPA262 | USF: | SPA272 |
| I: | SPA264 | USI: | SPA274 |
RSP Eligible
Yes
Subscription Frequency
Monthly, on the last business day of each month
Minimum Investment (accredited investors only)
C$ 25,000 initial and C$ 10,000 thereafter
Currency
Canadian and US dollar share classes
Management Fee
| Class | |
| A | USA: | 2.50% |
| F | USF: | 1.50% |
| I | USI: | 2.00% |
Performance Fee
20%
High Water Mark
Yes. No reset. Crystallized annually
Lock-up Period
None
Redemption Frequency
Monthly, on the last business day of each month
Redemption Notice
45 Calendar Days
Early Redemption Fee
5% if redeemed within 1 year
Documents
