Komfie Manalo, Opalesque Asia:
Canadian market dealer Pinnacle Wealth Brokers announced the launch of itís 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
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