Tue, Nov 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Niagara Capital, Pinnacle Wealth Brokers launch Canadian retail hedge fund

Friday, February 21, 2014

Komfie Manalo, Opalesque Asia:

Canadian market dealer Pinnacle Wealth Brokers announced the launch of it’s a retail focused hedge fund called the Niagara Access Alpha Fund. In a statement, Pinnacle said says the new fund represents the only Canadian hedge fund of managed futures structured specifically for the retail private marketplace.

Rick Unrau, President and CEO of Pinnacle notes Pinnacle has been granted exclusive distribution of the fund

The Niagara Access Alpha Fund offering was created by Toronto, Canada-based Niagara Capital Partners Ltd., an investment fund manager. It will allow retail investors the opportunity to invest in the Niagara Discovery Fund, which had traditionally only accepted large subscriptions from high net worth individuals and family offices.

According to the announcement, the Niagara Discovery Fund is a managed futures-based fund of hedge fund strategies set in a limited partnership structure, formed under the laws of the Province of Ontario. From inception in November 2006 to December 31, 2013, the fund earned a compounded annual rate of return of 10.8% net of fees. Assets under management in the Discovery program were USD16.7m.

"It had to have small minimums. It had to be RRSP eligible. And it needed solid distribution," sai......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to