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.

Current Monthly Report

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.
  • 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

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
C$ 25K initial and C$ 10K thereafter (accredited investors only)
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