Performance




Month : February, 2019
Return Net of Fees 1.47% Fund Assets ($CA MM) 205.0
NAV per Unit ($CA) 4.6457 Inception Date 1998
Including Current Distribution None Firm AUM ($CA MM) 267.8

MONTHLY HIGHLIGHTS

M&A

  • Added 10 new deals to the portfolio with another 15 successfully closing;
  • We benefited from an increase in the offer price for Crius Energy Trust.

CONVERTIBLE SECURITIES

  • 2 new converts added via the secondary market;
  • Broad gains across the portfolio from volatility capture and higher valuations.

FIXED INCOME ARBITRAGE

  • Slightly negative performance due to movement on the curve. Spreads slowly continuing to tighten;
  • Positioning remains cautious, low risk. Maintaining our position for a flattening of the CAN & US yield curve and long CAN vs US bonds.

PAST PERFORMANCE