Fund Description
The Teraz Fund is focused on providing investors with long term capital growth by investing in a diversified portfolio of Canadian small and micro-cap equities. The Fund is long-biased, taking long positions in early stage companies run by successful entrepreneurs, including start-ups, listed cash-rich shells, merger and acquisition candidates as well as deep fundamental value and turnaround opportunities. Individual positions are limited to 10% of the Fund based on cost. Private companies are limited to 10% of the Fund based on cost. See Offering Memorandum for full details.
Fund Details |
Strategy |
Micro-cap Canadian equities |
Fundserv Code |
SPA969 |
RSP Eligible |
Yes |
Subscription Frequency |
Monthly, on the last business day of each month |
Minimum Investment |
$1,000 (accredited investors only) |
Currency |
Canadian dollars |
Management Fee |
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 |
Manager/Trustee |
Spartan Fund Management Inc. |
Prime Broker/Custodian |
BMO Capital Markets |
Auditor |
Deloitte LLP |
Legal Counsel |
McMillan LLP |
Inception Date |
January 2, 2012 |
Documents
Click on the relevant link below to download the appropriate document for the Teraz Fund:
Contact
For more information on the Teraz Fund, please contact your investment advisor. If you do not have an investment advisor, please contact us.