Flow-Through
Limited Partnerships
frontierAlt 2008 Precious Metals & Energy
Flow-Through Limited Partnership frontierAlt
2007 Energy & Precious Metals Flow-Through LP
Mutual Funds
frontierAlt Opportunistic Bond Fund frontierAlt Resource Capital Class FundStructured Products
Global Dividend FundfrontierAlt Resource Capital Class Fund
Fund summary sheet & commentary Investment Objective:
Effective August 1, 2010, the portfolio manager for the frontierAlt Resource Capital Class Fund is changing from Caldwell Investment Management to Lightwater Capital Partners Ltd. For more information, please contact your financial advisor.
The Resource Fund aims to achieve long-term capital appreciation by investing primarily in the equity securities of Canadian resource issuers.
Investment Strategy:
The Resource Fund’s investment strategy will entail initially investing in shares of resource issuers engaged in oil and gas or mining exploration, development or production or energy production, including alternative energy production such as from wind, and that (i) have experienced management; (ii) have a strong exploration program in place; (iii) may require time to mature; and (iv) offer potential for future growth. It is anticipated that the resource issuers will include a significant number of junior resource issuers. The Resource Fund may also invest in corporate debt, government bonds (capital preservation) or small exposures to small capitalization companies (high growth) throughout the world, including Canada and the U.S.
Investment Strategy:
The Resource Fund’s investment strategy will entail initially investing in shares of resource issuers engaged in oil and gas or mining exploration, development or production or energy production, including alternative energy production such as from wind, and that (i) have experienced management; (ii) have a strong exploration program in place; (iii) may require time to mature; and (iv) offer potential for future growth. It is anticipated that the resource issuers will include a significant number of junior resource issuers. The Resource Fund may also invest in corporate debt, government bonds (capital preservation) or small exposures to small capitalization companies (high growth) throughout the world, including Canada and the U.S.
Investment Strategy
The Resource Fund’s investment strategy will entail investing in the securities of resource companies engaged in oil and gas, mining exploration, development or production, or energy production, including alternative energy production such as from wind or geothermal, and agriculture or related industries that (i) have experienced management; (ii) have a strong exploration program in place; (iii) may require time to mature; and (iv) offer potential for future growth. It is anticipated that the resource issuers will include a significant number of junior resource issuers. The Resource Fund may also invest in corporate debt, government bonds (capital preservation) or small exposures to small capitalization companies (high growth) throughout the world, including Canada and the U.S.
Portfolio Manager:
Lightwater Partners Ltd.
Lightwater Partners is an independent asset management firm which provides discretionary asset management services. Lightwater uses a disciplined, fundamental, bottom-up investment process with a focus on managing risk and providing consistent risk adjusted returns. The Portfolio Management team, consisting of Jerome Hass, CFA, Thomas Schenkel, CFA, and Bryan Nunnelley, has over 38 years of combined institutional investment management experience and has worked around the globe. The team has extensive experience investing in the global and Canadian resource sector. Their wide-ranging experience in the resource sector spans both small-cap and large-cap companies and includes: traditional energy such as oil and gas; alternative energy, including geothermal, wind and solar; non-traded commodities such as diamonds, uranium, iron ore, coal and potash; agriculture and related industries; and, the traditional mining and metals sector including gold, silver, nickel and copper. Lightwater also manages the Lightwater Conservative Long/Short Fund; a Canadian equity focused hedge fund. Lightwater Partners is a Portfolio Manager registered in Canada with the Ontario Securities Commission. For more information visit www.lightwaterpartners.com.
Jerome Hass
Jerome has over sixteen years experience in the financial industry. He joined Lightwater from Epic Capital Management in Toronto, one of Canada’s most prominent hedge funds. Previously, he was a Portfolio Manager and Head of International Equities at Montrusco Bolton Investments in Montreal, where he managed $450 million directly, co-managed large global funds, and oversaw $1 billion in private wealth. Mr. Hass also worked as a Portfolio Manager in London, England for Canada Life Assurance Company. He started on the buy-side at Scottish Amicable Investment Managers in Scotland. Mr. Hass also worked as a sell-side Analyst with HSBC Investment Bank in Singapore and Malaysia. He began his career in Toronto as an Economist with the Ontario Government at the Ministry of Finance. He holds a Bachelor degree in Economics from the University of Western Ontario, a Master of Arts in Applied Economics from the University of Victoria as well as a Master of Science degree in Economics from the London School of Economics, and is a holder of the Chartered Financial Analyst ("CFA") designation.
Thomas Schenkel
Mr. Schenkel has over fifteen years of experience in the financial industry with extensive experience in the hedge fund space. Mr. Schenkel has conducted research focused on Canadian equities for a U.K. based firm and was President and Portfolio Manager at Epic Capital Management Inc., a leading Canadian long short fund. He got his start in the financial business at BMO Nesbitt Burns in the equity research department. After two years in mining research, Mr. Schenkel became a Special Situations Analyst, covering a number of consumer product and industrial product companies. He holds a Bachelor of Arts (Honours) in Economics from Queen’s University, a Master of Arts in Business Economics from Wilfrid Laurier University and holds the Chartered Financial Analyst (“CFA”) designation.
Bryan Nunnelley
Mr. Nunnelley has over six years of experience in the financial industry and has considerable experience with strategic planning, operations and investor relations. He has worked in investment banking and private equity and was Vice President, Strategic & Corporate Development, of a Canadian based life-sciences company. He holds a M.A. in International Affairs - Global Finance, Multinationals & the State; International Trade Policy from the Norman Paterson School of International Affairs in Ottawa, and graduated with a B.A. in Business & Commerce, Sociology from Dalhousie University.