Toronto long/short shop Vantage makes strong debut
Mon Mar 15, 2010
An innovative fee-sharing program helps the firm exceed the typical Canadian launch size.
Vantage Asset Management, a Toronto startup that launched a
long/short relative value and M&A arbitrage fund on March
1, has hit the ground running with launch assets of C$40
million ($38.9 million)-thought to make it one of the biggest
hedge fund launches in Canada over the past couple of years. An
established Canadian fund manager and a prime brokerage
official both said the average Canadian launch was around C$10
million. Vantage has adopted an innovative fee-sharing
incentive program for founding investors, which is likely to
have boosted day-one assets.
While many Canadian managers begin with a domestic launch and
roll out an offshore version at a later date,...
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