Thursday, 27 April 2017
Last updated 11 hours ago
Nov 27 2012 | 11:49am ET
A Canadian hedge fund has launched a new strategy investing in that country's smallest companies.
Toronto-based Spartan Fund Management's Teraz Fund focuses on Canadian small- and micro-cap companies. The new vehicle features three portfolios. The first invests in early-stage companies, the second focuses on opportunistic investing and the third shorts companies suspected of fraud, bad management or over-promotion.
No name will make up more than 5% of the fund's overall portfolio. It will avoid private companies and use no leverage.