Saturday, 18 April 2015
Last updated 16 hours ago
Mar 12 2007 | 9:53am ET
A pair of formerly long-only managers is diversifying with the launch of their flagship fund, the Rival North American Growth Fund. The long/short offering is set to launch on April 2. The managers, Rob Hall and Tony Warzel, are embarking on a roadshow in western Canada, with stops in Winnipeg, Manitoba, Calgary, Alberta, and Vancouver, British Columbia.
The fund will employ a top-down, theme-driven growth strategy, focusing on small and mid-size companies in North America with a market capitalization of less than US$2 billion in Canada and less than US$10 billion in the U.S. It will implement stop-loss orders and option strategies in order to limit losses in any particular position, and will not employ leverage exceeding 50% of its net asset value. Its short exposure will remain between 0% and 50% and it will have no limits on cash holdings.
“The strategy and proprietary methodology behind the fund will create high value investment opportunities primarily in Canadian and U.S. equities, which we believe will provide superior returns to investors over time,” Warzel, Rival Capital Management’s CIO, said.
Warzel and his partner managed money for financial services concern Great-West Lifeco before founding Winnipeg-based Rival last year.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…