Maxam Arbitrage Fund
A Liquid Alternative Arbitrage Fund.
Maxam Arbitrage Fund
A Liquid Alternative Arbitrage Fund.
Maxam Arbitrage Fund
Absolute return fund with low volatility and low correlation to traditional strategies.
The Maxam Arbitrage Fund invests in a diversified portfolio of arbitrage opportunities. The goal of the fund is to generate positive absolute returns regardless of market conditions and offer an uncorrelated alternative to traditional equity and fixed income strategies.
Resiliency for your portfolio. A Liquid Alternative Arbitrage Fund.
Why Invest In This Fund?
- Consistent returns with low volatility
- Low correlation to equities and fixed income
- Returns are generated from specific and definitive corporate events
- Tax efficient, primarily capital gains
Historical Performance
What is Merger Arbitrage?
- Merger arbitrage is an alternative investment strategy that seeks to profit from the successful completion of announced and definitive M&A transactions, and other corporate events.
- The arbitrageur seeks to capture and profit from the arbitrage spread by purchasing shares of the target company at a discount to the consideration that the acquiror has contractually agreed to pay when the transaction closes.
- In the example below, UnitedHealth Group agreed to acquire Catamaran Corp. for $61.50 per share. An arbitrageur was able to earn a positive return from the closing of the arbitrage spread, uncorrelated with market performance.
Fund Details
Type
Arbitrage
Investment Risk Rating
Low
Fund Snapshot
Fund Commentary
Fund Codes
F: MXM105
A: MXM101
Advisor Information
Historical Unit Prices
Inception Date
October 1, 2020
Registered Plans
Yes
Pricing & Liquidity
Daily
Management Fee
F: 0.90%
A: 1.90%
Performance Fee
15% above HWM
Minimum Investment
$1,000
Distributions
Annually, if applicable
Prime Broker
TD Securities
Fund Admin
SGGG
Auditor
KPMG
Legal Counsel
Borden Ladner Gervais LLP
For more detailed information on the Maxam Arbitrage Fund please contact us.
The information contained in this presentation is intended to provide you with information regarding Maxam Capital Management Ltd. and the funds it manages. Maxam Capital Management Ltd. is the manager for the Maxam Arbitrage Fund. Important information about the Fund is contained in the Fund’s Simplified Prospectus, which should be read before investing. This presentation is neither an offer to sell securities nor a solicitation to sell securities. The securities of the Fund are sold only through IIROC registered dealers in those jurisdictions where it may be lawfully offered for sale. Accredited investors or certain other qualified investors may also purchase securities through Maxam Capital Management Ltd in reliance on certain prospectus exemptions available in National Instrument 45-106. Investors should consult with their own investment advisor and obtain a copy of our applicable Simplified Prospectus and Fund Facts documents before investing in the Fund. Investors should seek advice on the risks of investing in the Fund before investing. This document may contain forward-looking statements. These forward-looking statements are based upon the reasonable beliefs of Maxam Capital Management Ltd. at the time they are made and are not guarantees of future performance, are subject to numerous assumptions, and involve risks and uncertainties about general economic factors which may change over time. Maxam assumes no duty, and does not undertake, to update any forward-looking statement and cautions you not to place undue reliance on these statements as actual events or results may differ materially from those expressed or implied in any forward-looking statements made. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Simplified Prospectus before investing. Any indicated rates of return are the historical annual total returns including changes in value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. This document is not intended to provide legal, accounting, tax or investment advice. Please consult an investment advisor and read the prospectus for the Maxam Arbitrage Fund prior to investing.1Special Purpose Acquisition Company. The Catamaran Corp. merger arbitrage example is provided for information purposes only. Please visit www.maxamcm.com for further information.
