Vertex U.S. Equity Alpha Fund
- Don't Join the Crowd, Beat It. -
The primary objective is to achieve long-term capital growth by investing in derivatives to provide a return on the performance of the S&P 500 Net Total Return Index – CAD, and enhanced by the performance of the Vertex Liquid Alternative Fund (“VLAF”) through the use of leverage. The Manager intends for the Vertex U.S. Equity Alpha Fund to gain 100% exposure to each of VLAF and the equity benchmark, net of borrowing and/or dealer costs.
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 500 Net Total Return Index – CAD (less the implicit funding cost).
Tom Savage and Craig Chilton are the portfolio managers of the Vertex U.S. 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.
- Class B (FEL) : VRT 4000
- Class F (NL) : VRT 4001
- Minimum Investment :
- $500 (initial)
- $50 (subsequent)
- bPerformance Fact Sheet
- bSimplified Prospectus
- bAnnual Information Form
- bAnnual Fund Facts DocumentsClass B / Class F
- bVertex IRC Annual Report
- bManagement and Investment Team
- bFinancial StatementsAnnual / Semi Annual
- bQuarterly Portfolio Disclosure1st Quarter / 3rd Quarter
- bMgmt Report of Fund PerformanceAnnual / Semi Annual
All Vertex Funds
- aVertex Fund
- aVertex Managed Value Portfolio
- aVertex Arbitrage Fund
- aVertex Arbitrage Fund Plus
- aVertex Enhanced Income Fund
- aVertex Growth Fund
- aVertex Value Fund
- aVertex Liquid Alternative Fund
- aVertex Liquid Alternative Fund Plus
- aVertex Canadian Equity Alpha Fund
- aVertex U.S. Equity Alpha Fund
- aVertex Bond Alpha Fund