The Fund's objective is to achieve superior long-term returns with little or no correlation to equity markets. The Fund buys and sells short large capitalization Canadian and US stocks based on a quantitative, momentum-based strategy. To reach its investment objective: 1) The Fund buys Canadian and US stocks that have demonstrated the most price momentum in the past 6 to 12 months, 2) The Fund sells short Canadian and US stocks that have demonstrated the least price momentum in the past 6 to 12 months, 3) The portfolio is rebalanced monthly, 4) The Fund has a high turnover ratio. The net exposure of the fund is zero. Currency risk is hedged. The selection process is purely bottom-up with limits on sector and security exposure. Hurdle Rate: Higher of 5% or 1 year T-bills rate.
Minimum account is in USD.
The Landry Morin Long Short Momentum Fund is also available as a USD, Cayman Islands LP. Please see the Landry Morin Global Momentum Fund, LP.