Atlanta-based Cedarcroft Capital recently teamed up with Toronto-based SD Baker & Associates to launch an offshore version the SD Baker North American Opportunity Fund. The new equity long/short vehicle, the Cedarcroft Offshore Fund, was launched in November and has returned an estimated 3.25% since inception through March.
The offshore vehicle, which currently manages $11 million, uses a bottom-up fundamental approach and invests in both the Canadian and U.S. markets. The fund is being managed by SD Baker founder Scott Baker, and is looking to capture uptrends within the commodities, healthcare, financial services and cleantech sectors, according to fund documents.
Currently, the fund allocates the bulk of its capital to the heath-care (19.8%), metals (16.55%), and wealth management (17.5%) sectors.
The offshore fund charges fees of 2/20 and offers monthly redemptions with 30 days notice.