The asset manager said that the fund will adopt a similar investment methodology as the AlphaNorth Partners Fund and will seek to generate long term returns by providing investors with exposure to Canadian companies.

AlphaNorth Asset Management is a Toronto-based investment management firm with over $150m in assets under management. It also manages the AlphaNorth Partners Fund, the AlphaNorth 2010 Flow-Through Limited Partnership and the AlphaNorth 2011 Flow-Through Limited Partnership.