Toronto's AlphaNorth To Limit New Investment As Of July

Apr 15 2011 | 12:51pm ET

Having reached the $100 million mark, Toronto’s AlphaNorth Asset Management plans to impose limitations on new investors in the AlphaNorth Partners Fund.

As of July 1, 2011, only existing investors will be permitted to buy Class A and Class D shares in the fund.

“It has been our intent since inception that the AlphaNorth Partners Fund limit new investors once fund assets reached $100 million,” said AlphaNorth President and CEO Steve Palmer. “It is prudent to limit new investments to preserve the integrity of the investment strategy so that we can continue to generate strong returns. We want to ensure that the portfolio is nimble enough to generate the exceptional returns to which we are accustomed.”

The AlphaNorth Partners Fund, launched in December 2007, is a long biased small cap hedge fund focusing primarily on small-cap Canadian equities. Since inception, the fund has delivered an annualized return of 47.6% to March 31, 2011 or 266% cumulatively despite a very difficult environment for small cap equities during this period. 

The last date for subscriptions from new investors is June 30, 2011.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...