Epic Closed-End Fund

The Epic Closed-End Fund was a five year fund that took a private equity approach to investing in small cap securities. The fund was introduced to capitalize on disruptions in the Canadian equity markets observed in 2012. The fund came to a successful close on December 31st, 2018 after significantly outperforming its S&P/TSX Small Cap and S&P/TSX Venture benchmarks.

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Captive capital was a key competitive advantage of this fund as a five year term:

1. Provided time for investment ideas to materialize

2. Prevented the fund from ‘getting squeezed out’ due to fund flows (not fundamentals)

3. Offered the flexibility to act contrarian during market downdrafts