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Next Edge Capital launches Next Edge Theta Yield Fund

Fasken
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Overview

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Next Edge Capital Corp.

On December 2, 2014, Next Edge Capital Corp. (Next Edge), announced that the Next Edge Theta Yield Fund (Theta Yield Fund), an open-end mutual fund, filed its final simplified prospectus. The Theta Yield Fund represents the first instance in which the Canadian securities regulatory authorities have accepted a market neutral investment strategy within a retail mutual fund. The Theta Yield Fund seeks to achieve returns unrelated to the equity or fixed income market for its investors over the long term primarily by simultaneously writing and buying options on the same underlying interests with the expectation of earning a positive return from changes in the values of the options as they approach their expiration. It is anticipated that options will be written and purchased on underlying indices, including, but not limited to, the S&P/TSX 60 Index, the S&P 500 and the Russell 2000 Index. Fasken Martineau advised Next Edge on the creation and launch of the Theta Yield Fund with a team led by Anil Aggarwal and included John Kruk, Munier Saloojee and Mitchell Thaw (tax).

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