portfolio managerJames Cole, BA, CFA
Senior Vice President and Portfolio Manager
James has over 30 years of investment experience including over 25 years as a portfolio manager responsible for Canadian and U.S. equities.More
how the fund is managed
To achieve this investment objective, the Manager will employ the following core techniques:
- Focused investing in a limited number of long securities positions; and
- Leverage by purchasing securities on margin.
To a lesser extent, the following techniques may also be used on an opportunistic basis in order to meet the Trust’s investment objective:
- Derivatives may be used to limit or hedge potential losses associated with currencies, specific securities, stock markets and interest rates or to generate income.
- Short sale positions may be used to profit from the expected decline in valuations of overvalued securities or to hedge the Trust’s long positions.
- The Trust may also invest in preferred shares and debt securities including convertibles, corporate and sovereign debt.
- In addition, the Trust may obtain exposure to securities through investing in underlying investment funds. Including mutual funds, investment funds and exchange-traded funds.
- The Trust may hold cash in short-term debt instruments, money market funds or similar temporary instruments pending full investment of the Trust’s capital and at any time deemed appropriate by the Manager.
- The Trust has no geographic, industry sector, asset class or market capitalization restrictions.
- There is no restriction on the percentage of the Net Asset Value of the Trust which may be invested in the securities of a single issuer.
The Manager believes that the following risks may impact performance of the Trust: concentration, leverage, currency and exchange rate risk and equity risk. Please read the “Risk Factors” section in the Offering Memorandum for a more detailed discussion of the relevant risks.