Burlington, Ont.-based Equiton has debuted a new private real estate investment fund.
The fund aims to generate long-term capital growth by “acquiring rental apartments with identified improvement potential in prime markets, enhancing their value through active management and reinvesting capital to support further growth,” a release said.
The Residential Growth Fund I, also known as the Equiton Residential Growth Fund I Trust, expands the firm’s platform of private real estate offerings. As of Jan. 31, Equiton manages $1.7 billion in assets under management across 52 properties.
The new fund has a minimum investment of $25,000. It’s designed to accommodate redemptions of up to 2.5% of net asset value per quarter and 10% annually, the release noted.
New Canadian feeder fund offers access to Bridgewater fund
California-headquartered Wilshire Advisors LLC and Toronto-based Oak Hill Asset Management have introduced a feeder fund that gives accredited Canadian investors access to Bridgewater Associates’ flagship pure alpha fund, which reportedly generated a 33% return in 2025.
Accredited Canadian investors will be able to gain access to the actively managed fund through a Wilshire-managed account.
According to a release, the feeder fund operates as an Ontario mutual fund trust and invests substantially all of its assets in the Wilshire-managed account. Oak Hill will manage the feeder fund and support its distribution across Canada.
Bridgewater’s fund is “designed to generate a high excess return per unit of risk and to be uncorrelated to markets and other managers over time,” the release noted.
IG Wealth announces changes to fund
Winnipeg-headquartered IG Wealth Management has announced sub-advisor and investment strategies changes to one of its funds.
Beutel Goodman & Company Ltd. will no longer act as a sub-advisor to the Canadian large cap value mandate of the iProfile Canadian Equity Private Pool, effective on or around Friday. Mackenzie Financial Corp. will remain and assume all sub-advisory responsibilities for this mandate.
Also, IG is streamlining the underlying mandates of the fund by removing the Canadian large cap growth mandate and reallocating to the Canadian large cap value and Canadian core equity mandates in an effort to optimize its exposure to “high-conviction Canadian equity strategies,” a release said. The private investments mandate will remain the same.
No changes are being made to the fund’s investment objectives or its risk rating.
Starlight closes real estate fund
Toronto-based Starlight Investments says it’s completed fundraising for its Starlight Canadian Residential Growth Fund IV after drawing investments from both existing backers and new ones.
In a release, the global real estate investment and asset management firm said the fund received buy-in from a diverse and global investor base, including institutional investors across Canada, Asia, Europe and Africa. This allowed it to acquire more than 10,000 rental suites across Canada’s major markets.
The Starlight Canadian Residential Growth Fund IV is the fourth fund in the firm’s growth fund series focused on Canadian multi-family real estate.
IA Clarington announces fee reductions, fund series mergers
IA Clarington Investments Inc. has announced fee reductions for certain series of three funds and series mergers for two funds.
The fee reductions, which took effect March 10, apply to IA Clarington Strategic Corporate Bond Fund, IA Clarington Thematic Innovation Class and IA Clarington Global Multifactor Equity Fund.
And, on or about May 29, series EF securities of the IA Clarington Thematic Innovation Class will be exchanged for series F securities, while series X securities of the IA Clarington Strategic Corporate Bond Fund will be exchanged for series A securities, at the same market value.
“There is no action required on the part of investors or advisors. Any pre-authorized contribution plans, systematic withdrawal plans, or other optional services currently in place will be automatically transferred to the new series, unless otherwise instructed,” a release said.
Investors are encouraged to speak to their financial advisor if they have any questions.
RBC GAM tweaks fund risk rating
After an annual review of its fund lineup, RBC Global Asset Management Inc. has tweaked the risk rating of one of its bond funds.
As of Tuesday, the RBC Target 2030 U.S. Corporate Bond ETF’s risk rating has decreased from “low to medium” to “low.”