AlphaNorth caps AlphaNorth Partners Fund

By Staff | April 14, 2011 | Last updated on April 14, 2011
1 min read

AlphaNorth Asset Management has announced that the AlphaNorth Partners Fund will implement limitations to new investors. Purchases of the fund’s Class A and Class D shares will be limited to existing investors beginning on July 1st, 2011. The last date for subscription by new investors on the current terms will be June 30th, 2011.

“It has been our intent since inception that the AlphaNorth Partners Fund limit new investors once fund assets reached $100 million,” said Steve Palmer, President and CEO of AlphaNorth Asset Management. “It is prudent to limit new investments to preserve the integrity of the investment strategy so that we can continue to generate strong returns. We want to ensure that the portfolio is nimble enough to generate the exceptional returns to which we are accustomed.”

Launched in December of 2007, the AlphaNorth Partners Fund is a long-biased small cap hedge fund with the investment objective to maximize long term returns through the superior selection of primarily small cap Canadian equity securities.

Those interested in participating to invest in the AlphaNorth Partners Fund are encouraged to contact their Investment Advisor and/or AlphaNorth Asset Management before the limits are imposed. The last date that new subscriptions will be accepted from new investors is June 30th, 2011. staff


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