Preservation Capital is a long/short equity hedge fund investing in US and Canadian publicly traded securities.
The fund strategy has a low correlation with major market indices and has generated returns in both "up" and "down" markets.
Inception*: September 2002 (Predecessor fund launched May 1999)
Transparency: Monthly third party valuation
Liquidity: Monthly with 90 days notice
Total Assets Fund: US$10M
Total Assets Program: US$100M
Minimum Investment: US$1M (unless waived)
Fees: 2% management fee + 20% performance fee
Hurdle Rate: 0%
High Water Mark: Yes, perpetual
Auditor: Deloitte LLP
Prime Broker: National Bank Financial
Legal Advisor: Ogilvy Renault
The Manager of the Fund is Alexander Ernst Ltd., a Barbados corporation. The Investment advisor for Preservation Capital Fund is JCClark Ltd., a Toronto based 14-person hedge fund management firm.
* Data from Preservation Capital since inception (Sep. 02) and predecessor fund, Preservation Trust (Apr.'99-Sep.'02).
