Saturday, 28 March 2015
Last updated 13 hours ago
Jul 31 2007 | 10:30am ET
Toronto-based Roundtable Capital Partners is launching an offshore version of its one-year-old Roundtable Opportunities Fund, a Canadian equities long/short fund.
The new Bahamas-based offering, Roundtable Canadian Offshore Hedge Fund, is debuting this week with between US$17.5 million and $20 million.
Geoff Spidle, Roundtable’s president, described the firm’s onshore fund as a 150/50 strategy. It was ranked number one in Canada (out of 584 funds) for year-over-year returns as reported by mutual fund rating service Globefund.
The existing fund returned 65.1% through the end of May and is currently managing some CAD$95 million.
“We have a strong exposure to resources in terms of energies and metals but we definitely look at all sectors and have a lot of small and mid-cap exposure,” said Spidle. “The past week’s drawdown in Canadian equities can be compared to 9/11, but we definitely believe in a larger super-cycle for commodities and energy. That doesn’t mean there’s not going to be shorter-term volatility within that, but we think with a longer outlook we see continued demand for commodities and energy.”
The firm is also keeping an eye on the agriculture and infrastructure sectors, added Spidle.
The new offshore fund charges fees of 1.75% for management and 20% for performance, with a US$500,000 minimum investment requirement. It sports a six-month soft lockup and monthly liquidity with 30-days notice.
Jim Allan, former vice president of portfolio management at Toronto-based long-only shop Thornmark Asset Management, founded the firm last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…