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.
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