CIBC Atlas Point Global Multi-Strategy Canada Fund
The CIBC Atlas Point Global Multi-Strategy Canada Fund (the “Fund”) is an alternative investment-style solution that invests in an underlying fund, the Atlas Point Global Multi-Strategy Offshore Fund (the “Underlying Fund”).
The investment objective of the Fund is to invest, directly or indirectly, in underlying investment vehicles managed by a globally diversified portfolio of hedge fund managers who employ a variety of investment strategies across different asset classes and regions that are designed to generate alpha through research-driven security selection. The Fund seeks to generate attractive returns with less risk compared to equities over a full market cycle.
The Fund may also invest directly in cash, cash equivalents, money market instruments and/or other investment funds that invest in cash, cash equivalents and/or money market instruments.
The Fund will target to outperform the HFRI Fund of Funds Composite Index, with approximately 5-10% volatility over a full market cycle, and with a Sharpe Ratio of 1.0 or higher.
F: Wood Gundy – Portfolio Partners and AMA
Series F: 100 bps
Fixed administration fee
Series F: 10 bps
Investor holding greater than 25% of the Fund wishing to redeem will withdraw their redemption over four consecutive calendar quarter-ends, at discretion of the manager
5.0% (within first year of investment) paid out when price is available
Minimum redemption amount
Minimum remaining balance
Annual; Re-investment only
Dealer risk classification
High (based on Wood Gundy classification)
Permitted account type
Non-registered account only
Fundserv asset class
Benchmark / performance target
The Fund will target to outperform the HFRI Fund of Funds Composite Index with ~5-10% volatility over a full market cycle with a Sharpe Ratio of 1.0 or higher
Fiscal year end
Valuation process and timing
Investor will initially subscribe into the Interim Subscription Receipts with a fixed USD $10 NAV; once valuation of the Series NAV is available approximately 60 days following the month-end, all Interim Subscription Receipts will automatically convert into units of the applicable series with the updated NAV valuation*
No additional action required by the advisor/ investor as conversion will be automatic and captured in their statements