TORONTO (HedgeWorld.com) – J.C. Clark Ltd., an investment management firm, announced the closing of its flagship long/short equity hedge funds to new investors.
Three funds are involved: The Preservation Trust is for Canadian investors; Preservation Capital LP is a Bermuda-based fund for U.S. investors; and Preservation Capital Ltd. is a Barbados-based fund for European investors.
“We are very pleased with the success of this program,” said John Clark, founder and chief executive of J.C. Clark Ltd., in a statement. “Assets have grown significantly over the past year, and we want to avoid surpassing the optimal size required to maintain our disciplined and focused approach to investing.”
Mr. Clark is a former chairman of the Toronto Stock Exchange. He said that the firm would expand its product offerings in the future, opening duration-matched and targeted long-only hedge funds.
The Preservation Trust is one of the oldest hedge funds in Canada.
