The objective of the Jemekk Total Return Fund is to provide investors with superior risk-adjusted absolute returns. The Fund is designed to achieve positive returns in ALL market environments, primarily focusing on Mid to Large Capitalized Canadian companies. The Fund’s strategies are executed primarily through long and short investments in common equities, convertible bonds and options. The Fund uses a multi-strategy approach to achieve its return objectives.
Performance Commentary Jemekk uses a multi-strategy approach to portfolio construction:



Relative Value:

Manage/Reduce Systemic Risk

Pairs Trading
  • Securities that are in same industry or that are highly correlated
  • Mean reversion trades
  • Capitalize on pricing inconsistencies
  • Determine hidden value or anomalies not yet recognized by the market
  • Identify upcoming catalysts that will increase/decrease the spread between two securities

Directional Bias:

Apply macro-economic and money flow intelligence

Long/Short sector calls

  • Apply combined knowledge of capital market fundamentals to make specific sector calls
  • Use of both quantitative and qualitative analysis to position the Fund as either net long or short based on our prevailing sector view

Individual Security Selection:

Apply bottom up approach to identifying long/short candidates

Long Investments

  • Ideal companies are those that exhibit strong management and superior earnings growth prospects which are not yet fully recognized by the market
Short Investments

  • Ideal short companies are those whose industry or company-specific fundamentals have begun to deteriorate, such as balance sheet, market share and competitive position.
  • This combined strategy will be based on a combination of bottom-up fundamental research and top-down macro themes supported by technical analysis.

Opportunistic Investing:

Capitalize upon short term trading anomalies

  • Utilize the Fund's nimble size to exploit opportunities that have created short term mispricings in the capital markets.