Pro-Hedge Funds Inc. is introducing the Pro-Hedge Multi Manager Elite Fund, a new fund product taking advantage of some of the best money management minds in North America.

The new fund is a multi-manager, multi-strategy hedge fund or “fund of funds” that will allocate assets among managers selected by Pro-Hedge Funds Inc. including Jim O’Donnell, Frank Mersch, Eric Sprott, Gene Vollendorf, and Dennis Heskell of Chicago-based Mansur Capital.

Pro-Hedge says the low initial investment of $5,000 makes it easier for qualified investors to access this elite group of managers than ever before.

“Until now, some of the managers in this fund have been available only to the very wealthy and to institutional investors, with minimum initial investments as much as $1 million,” said Stuart McKinnon, CEO and [resident of Pro-Hedge Funds Inc., in a news release.

The fund’s objective is to earn a positive return on capital each year regardless of general market conditions. Pro-Hedge says this will be achieved by allocating the fund’s investments among a variety of underlying funds with differing investment strategies.

The Pro-Hedge Multi Manager Elite Fund is RSP-eligible as foreign content and is available through financial advisors nationwide.

Pro-Hedge has engaged Lawrence & Co. as investment advisor to the fund. Also included on the 8-man investment advisory board: former Bank of Canada head John Crowe, former Burns Fry chair Jack Lawrence and Monty Gordon of Gordon Capital fame.#