Spartan Re-Brands Heaps Fund As LSQ For Retail Launch

Sep 9 2013 | 9:41am ET

Toronto-based Spartan Fund Management has re-branded the Heaps Fund as LSQ, a retail alternative fund.

The fund utilizes a quantitatively oriented long/short equity strategy, trading primarily North American-listed titles and maintaining a very low net market exposure.

The LSQ investment team is headed by Todd Heaps, chief strategist for the fund. Heaps has more than 15 years' experience trading equities, options and foreign exchange, initially with BMO Nesbitt Burns and later with National Bank Financial. For the five years prior to joining Spartan, he managed private money.

The fund has added two unit classes—A and F—which will be available to the Canadian Investment Advisor distribution channel via the FundSERV network. The units differ only in their management fees, with the Class A units for traditional investment advisors and the Class F units for fee-only advisors.

Both classes are available for registered accounts, such as Retirement Savings Plans, Education Savings Plans, Retirement Income Funds and Tax Free Savings Plans. The fund carries no lock up and no charge for early redemption. The notice period for redemptions is seven days.

Since its inception in March 2012, LSQ has returned 13.87%, compared to the 0.08% for the S&P/TSX composite index.

Spartan Fund Management, established in 2006, specializes in emerging Canadian alternative investment managers.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note