The TR1 Fund has an event-driven, market neutral mandate that aims to capitalize on market inefficiencies present in public market securities. Commonly implemented investment strategies include merger arbitrage, warrant arbitrage, convertible arbitrage, and event driven special situations.
The Fund will tactically allocate between these strategies depending on which strategy is currently offering the highest risk adjusted returns based on prevailing market conditions. The Fund aims to provide consistent, absolute returns that are non-correlated to the public markets while maintaining a high degree of liquidity.
Summary of Returns Since Inception Date: February 3, 2020 – F Class Units (1/20) Net of All Fees
Prime Broker & Custodian: CIBC World Markets Inc., BMO Nesbitt Burns Inc. | Fund Administration: Apex Fund Services (Canada) Ltd.
Fund Auditor: KPMG LLP | Legal Counsel: McMillan LLP
*Returns shown are for the lead series of CAD dollar Class A unitholders since inception in February 2020 to December 2021, net of management fees, performance allocations and other expenses. Individual returns may vary depending on Class and Series. Returns shown are for the lead series of CAD dollar Class F unitholders since January 2022 to Present, net of management fees, performance allocations and other expenses. Individual returns may vary depending on Class and Series.
*Since inception the investment objectives and strategies of TR1 Fund and TR1 Fund LP have been consistent. Traynor Ridge Capital Inc. has served as the portfolio manager of TR1 Fund and TRI Fund LP since inception. Substantially all of the assets of TR1 Fund LP were transferred to TR1 Fund on January 1, 2022. The historical performance of TR1 Fund LP prior to January 1, 2022 would not have been materially different if the assets had been held in TR1 Fund.
**The “TSX Total Return” is the S&P/TSX Composite Total Return Index. With approximately 95% coverage of the Canadian equities market, it is the primary gauge for Canadian-based, Toronto Stock Exchange listed companies. The S&P/TSX Composite Index serves the dual purpose of a benchmark and an investable index. References to market or composite indices, benchmarks or other measures of relative market performance over a specified period of time are provided for information purposes only. TR1 Fund does not invest in all or necessarily any of the securities that compose the market indexes.