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 |
Opportunistic - Special Situations (micro-cap Canadian equities) |
| Fundserv Code |
SPA969 |
| RSP Eligible |
Yes |
| Subscription Frequency |
Monthly, on the last business day of each month |
| Minimum Investment |
$25,000 (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.
Derived from the city Laconia, Spartans were known for their laconic wit and economy of speech – in keeping with their austere, practical and concise manner.