(March 9 – 16:10 ET) — C.I. Fund Management Inc. is offering a new hedge fund for Canadian investors, called the Trident Global Opportunities fund, says Hedgeworld.com.

The fund, which is managed by Trident Asset Management LLC of New York, is a top-down fund that uses fundamental research to identify specific opportunities in large-cap equities in G-7 countries with occasional forays into emerging markets. It will focus on equities but may also use bonds, derivatives and securities baskets.

“We are not market neutral in our market exposure,” says Sarah Dyer, director of client service for Trident. “We make directional bets, long and short, and we are comfortable with cash to buffer market volatility.”

Minimum investments are based on provincial limits for exempt market vehicles, such as $150,000 in Ontario. The fund will charge 2.25% for basic management fees, with 20% paid for benchmark out-performance. Redemption charges range from 5.5% during the first year to nothing after the seventh year.

Trident is CI’s third hedge fund. BPI Global Asset Management in Orlando, Fl. manages the other two, the Global Opportunities fund and the American Opportunities fund.
-IE Staff