Thursday, 2 October 2014
Last updated 45 min ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...