Bailey McCann, Opalesque New York:
Spartan Fund Management, an emerging hedge fund manager platform located in Toronto has announced the launch of a new fund - the Noble Bay Energy Fund, a multi strategy energy fund managed by Mark Ellis. Prior to founding Noble Bay, Mark was a founding partner of Rayne Capital, a Calgary based energy fund that returned over 63% in 4 ½ years to its investors.
Spartan focuses on emerging hedge fund managers in the Canadian market and currently has 7 strategies operating on the platform. These managers typically come from backgrounds such as institutional money managers, or proprietary bank traders. Other strategies on the platform include long/short equity, special situations, quant, short-term directional and micro cap. Noble Bay is the newest addition – a multi-strategy, energy-focused fund.
Noble Bay’s investment objective is to generate consistent risk-adjusted returns, with reduced volatility and with low correlation to the North American equity markets. The Fund utilizes four sub-strategies – relative value, macro-momentum, yield-options and special situations - which are self-complimenting in order to provide investors with a more consistent return profile than is available through traditional investing in the energy sector.
"Mark was working with Rayne, and decided he wanted to spin out and create his own fund, trading ideas he’d been working on over hi......................
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