Vertex Canadian Equity Alpha Fund

- Don't Join the Crowd, Beat It. -

Overview

Portfolio Manager Tom Savage & Craig Chilton
Firm Assets $899 Million
Purchase Minimum $500 (initial), $50 (subsequent)
Type of Fund Canadian Equity Alternative
Inception Date January 31, 2019
RSP/TFSA Eligible Yes
Performance Fee 15% of the amount exceeding the daily relative benchmark
Management Fee (B)2% (F)1%
High Water Mark Yes, relative to benchmark
Early Switch/Redemption 2% fee within 30 calendar days of purchase
Valuation Frequency Daily
Distribution Frequency Annually, if applicable.
Offering Type Simplified Prospectus
Administration CIBC Mellon
Trustee CIBC Mellon
Custodian CIBC Mellon
Prime Broker CIBC World Markets
Auditor PwC

Coming Soon...

Objective

The Vertex Canadian Equity Alpha Fund’s (“VCEAF”) primary objective is to achieve long-term capital growth by investing in derivatives to provide a return on the performance of the S&P/TSX 60 Total Return Index and enhanced by the performance of the Vertex Liquid Alternative Fund (“VLAF”) through the use of leverage.

Strategy

To achieve its investment objective, the Manager intends to invest in units of VLAF, enter into derivative contracts or invest in exchange traded funds that are intended to replicate the return of the S&P/TSX 60 Total Return Index (less the implicit funding cost), and/or use the same investment strategies as the VLAF (investing directly in arbitrage situations), or enter into into derivative contracts that are intended to replicate the return of the VLAF. As a result of these investment activities, the Manager intends for the VCEAF to gain 100% exposure to each of the VLAF and the equity benchmark compared to its initial investment.

Portfolio Managers

Tom Savage and Craig Chilton are the portfolio managers of the Vertex Canadian Equity Alpha Fund. Both joined Vertex One in January 2010 from CIBC’s highly successful, proprietary trading group.

Tom Savage, CFA, MBA - Mr. Savage has an extensive background in alternative strategies and is part of the Vertex One team specializing in merger arbitrage, event-driven arbitrage, and special situations. Prior to joining Vertex One, Tom was a proprietary trader with CIBC World Markets where he was responsible for equity and derivatives arbitrage and special situations strategies. Formerly, he worked in private equity at Birch Hill Equity Partners and began his career as an equity analyst at KBSH Capital Management. Tom is a CFA charterholder and a member of the Vancouver Society of Financial Analysts. He received a Bachelor of Commerce degree from Queen’s University and an MBA from Harvard Business School.

Craig Chilton, CFA - Mr. Chilton has an extensive background in event-driven arbitrage strategies. Prior to joining Vertex One, he was a Managing Director with CIBC World Markets, where he spent 15 years as a proprietary trader in Toronto, New York and Vancouver. Craig began his finance career in investment banking with Lancaster Financial, and subsequently, Richardson Greenshields. Craig has over 20 years of experience in the investment industry; he is a CFA charterholder and a member of the Vancouver Society of Financial Analysts. He received a Bachelor of Applied Science (Electrical Engineering) from the University of Toronto.

Fund Codes

  • Class B (FEL) : VRT 3000
  • Class F (NL) : VRT 3001

Purchase Info

  • Minimum Investment :
  • $500 (initial)
  • $50 (subsequent)

Downloads

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