Archives: Funds

Funds

LSQ Fund [currently closed to new investors]

LSQ Fund is a quantitative systematic fund whose objective is to generate positive risk-adjusted returns with low volatility and low correlation to the equity markets. The Fund focuses on North American listed equities and operates with low net exposure to the market. The investment team conducts extensive quantitative analysis on all investment ideas and trades in a systematic fashion overlaid with management’s extensive trading experience.

Current Monthly Report

Why Invest?

Fund focused on long short systematic trading
Active trading focused on limiting drawdowns and open position risk
Material commitment of investment team and senior management
Suitable for investors seeking medium-term growth accompanied with low risk

Fund Details

Legal structure

Corporation

Strategy

Long-Short Equity (Quantitative)

RSP Eligible

Subscription Frequency

Monthly, on the last business day of each month

Minimum Investment

US$ 100,000

Currency

US dollars

Management Fee

Class A: 2% per annum

Performance Fee

Class A: 30% per annum

High Water Mark

Yes. No reset.

Lock-up Period

1 Year

Redemption Frequency

After first year, monthly, on the last business day of each month

Redemption Notice

7 Days

View all funds

Teraz Fund

Teraz specializes in investing in early-stage companies run by successful entrepreneurs, including start-ups, merger and acquisition candidates, deep fundamental value and turnaround opportunities.

Current Monthly Report

Why Invest?

The Fund is research-focused on the most under-followed & inefficient segment of public markets, one that has the potential for outsized returns
Long positions in early stage companies run by successful entrepreneurs
Opportunistic – special situations, start-ups, deep fundamental value, turnarounds, merger & acquisition candidates
Material commitment of investment team and senior management
Suitable for investors seeking long-term growth who can tolerate very high volatility

Fund Details

Legal structure

Trust

Strategy

Opportunistic - Special Situations (micro-cap Canadian equities)

Fundserv Code

Class
A:	SPA967
F:	SPA973
I:	SPA969

RSP Eligible

Yes

Subscription Frequency

Monthly, on the last business day of each month

Minimum Investment (accredited investors only)

$25,000

Currency

Canadian dollars

Management Fee

Class
A:	2% per annum
F:	1% per annum
I:	2% per annum

Performance Fee

20%

High Water Mark

Yes, no reset

Lock-up Period

None

Redemption Frequency

Monthly, on the last business day of each month

Redemption Notice

45 Days

Early Redemption Fee

5% if redeemed within 12 months

Documents

Offering Memorandum Subscription Agreement Fund Setup Sheet Financial Statements

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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 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 (Access Fund)

Class
A \| USA:	2.50%
F \| USF:	1.50%
I \| USI:	2.00%

Management Fee (Master Fund)

None

Performance Fee (Access Fund)

None

Performance Fee (Master Fund)

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

Offering Memorandum Subscription Agreement Bulk Subscription Agreement Fund Setup Sheet Financial Statements Proxy Voting Records