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.

Subscription minimum

Initial: USD $10,000

Subsequent: USD $5,000

Series offered

F: Wood Gundy – Portfolio Partners and AMA

Management fee

Series F: 100 bps

Fixed administration fee

Series F: 10 bps

NAV currency

USD

Valuation frequency

Monthly

Redemption liquidity

Calendar quarter-ends

Redemption gate

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

Hard lockup

None

Redemption fee

5.0% (within first year of investment) paid out when price is available

Minimum redemption amount

USD $10,000

Minimum remaining balance

USD $10,000

Distributions

Annual; Re-investment only

Dealer risk classification

High (based on Wood Gundy classification)

Investor eligibility

Canadian resident accredited investors only
Must redeem all units if investor becomes non-Canadian resident

Permitted account type

Non-registered account only

Fundserv asset class

Alternative investment

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

Custodian

CIBC Mellon

Fiscal year end

December 31

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

Fundserv code

Purchases

Series F – purchases: ATL5101

Redemptions

Series F – redemptions: ATL5107

Subscription frequency

Monthly on last business day of the month

Subscription process

Complete trade order in Fundserv and send signed completed Subscription Agreements to info@cibcassetmanagement.com / info@gestiondactifscibc.com by 15 business days prior to the last business day of the month.

If submitted trade order/or redemption form is received after the deadline, the trade will be processed in the following calendar quarter-end.

Redemption frequency

Quarterly on last business day of calendar quarter end

Redemption process

Complete trade order in Fundserv and send signed completed Redemption Forms to info@cibcassetmanagement.com / info@gestiondactifscibc.com by 100 calendar days prior to calendar quarter end.

If submitted trade order/or redemption form is received after the deadline, the trade will be processed in the following calendar quarter-end.

For more information on the CIBC Atlas Point Global Multi-Strategy Canada Fund, please contact your financial professional.