Monday, 27 April 2015
Last updated 2 hours ago
Feb 26 2008 | 1:00am ET
Toronto-based asset manager Dynamic Funds is heading to Europe, bringing along a few funds that it hopes will appeal to investors across the Atlantic. Dynamic, which last year acquired Luxembourg-based VMR Funds Management, changing its name to DF Investments, is launching a hedge fund and five long-only funds.
The new offerings are based on the firm’s Canadian funds, domiciled in Luxembourg as SICAVs.
Robert Torkelund, a third-party marketer, will be charged with heading the firm’s marketing efforts in Europe.
The Dynamic Power Hedge Fund, a long/short equity offering that invests in energy and material companies, primarily in Canada, currently manages US$535 million in total assets. The fund, managed by Rohit Seghal, returned 38.6% last year and 71.5% in 2006, but got off to a slow start in 2008 dropping 14.7% in its first month of trading.
The Power Hedge Fund charges a 2.25% management fee for Series F investors and 1.25% for Series A. It charges a 20% performance fee, and its minimum investment requirement is US$100,000.
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…