Strategies

Merger Arbitrage

Investing in companies that are being acquired, but whose shares are typically trading at a discount to the acquisition price. Involves assessing both the likelihood of the transaction closing and the timeline to its completion. The fund can either go long or short these deals.​

Equity Long/Short

‘Stock picking’ in the conventional sense. Focus on markets and sectors with strong expertise and competitive advantage. Positions are skewed towards Canadian listings, small and mid-cap, and most often within resources, industrials, financials, services, tech and healthcare. Maximum unhedged position size of 5% of net assets.

Special Situations

Identifying unique market inefficiencies, typically with a tangible catalyst. Entails event-driven entries and exits, asset purchases and sales, corporate actions, and other dynamics. Largely uncorrelated to markets and a reliable source of alpha over the long-term.