Gary K. Ostoich Benedicte Gravrand, Opalesque Geneva for New Managers:
Toronto, Canada-based alternative investment firm Spartan Fund Management Inc. reported yesterday that the Heaps Fund, a quantitative long/short equity fund that is on Spartan’s platform, had been rebranded as the LSQ Fund, "to reflect the growth of the Fund and
its investment team."
"Concurrently, the LSQ Fund has added two classes of units (Class A and Class F) that are available
to the Canadian Investment Advisor distribution channel via the FundSERV network," the announcement says. "The two series of 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."
The Fund is also offering better liquidity terms, i.e., no lock-up, no early redemption charge, and seven days notice for redemptions.
Since its inception on March 1, 2012 LSQ has produced a +13.87% return, vs. +0.08% for the
S&P/TSX composite index. Apparently, it was recently recognized by Canadian Hedge Watch as one of the most consistently profitable and lowest volatility hedge funds in Canada.
Gary K. Ostoich, President of Spartan Fund Management talked to New Managers in March about the six emer......................
To view our full article Click here