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Opalesque reports on a small selection of the 300 hedge funds located in Canada. The hedge fund industry in this northernmost part of the Americas is young and agile and looking to use these very advantages to become a force in global asset management (see part 5 here).
Benedicte Gravrand, Opalesque London: In part 6, we look at Roundtable Capital Partners Inc. Opalesque talked to Geoff Spidle, president and co-founder, about his soon-to-be launched offshore hedge fund, the Roundtable Select Equity Fund and about Canada’s riches.
Roundtable’s fund
Roundtable Capital Partners is a two-year old firm based in Toronto, Canada’s financial hub, with a team of 8, C$90m in AUM and an onshore and an offshore fund.
The soon-to-be launched offshore fund’s objective it to maximise absolute return by identifying North American investment opportunities, with a Canadian focus, overweight resource stocks (energy, materials, agriculture). It will be using bottom up, fundamental analysis of individual companies and associated industry conditions – the macro economic environment not being ignored.
The strategy is long/short equity hedge with an opportunistic style and thematic sector shifts. It will be launched in August or September. Mr. Spiddle told Opalesque that he already has secured a C$20m (US$ 20.02m) commitment....................... To view our full article Click here
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