Hedge Funds

SciVest launches three new funds

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SciVest Capital Management, a Toronto firm with $120 million in alternative assets, launched three new funds on January 3, including a leveraged version of its flagship market-neutral fund.

All three new funds - the Aggressive Market Neutral Fund, Commodity Index Plus Fund and Asia Pacific Long Short Equity Fund - are managed by firm founder John Schmitz. The new funds are derivative of the firm's existing investment strategies and bring to 12 the firm's number of total fund offerings.

The aggressive market neutral fund, with a target leverage level of 8 to 1, joins a complement of market