Key Takeaways
- • EdgeHill Partners launched six prospectus-offered alternative mutual funds under the EHP Funds brand in Canada, marking the first family of "liquid alt" alternative mutual funds available to retail investors in the Canadian market.
- • The fund family includes three paired strategies: Guardian (defensive North American long/short), Advantage (diversified North American long/short), Guardian International (defensive international long/short), Advantage International (diversified international long/short), plus Select (concentrated Canadian long/short equity) and Global Arbitrage (diversified arbitrage portfolio).
- • Each fund is explicitly designed to limit volatility and downside relative to traditional long-only mutual funds, addressing a market gap where alternative mutual funds had been available to U.S. and European retail investors for years but were absent from Canada's prospectus-based mutual fund landscape.
- • Jason Mann, co-founder and CIO of EHP Funds, characterized the launch as bringing established alternative investment strategies to Canadian retail advisors and their clients through the mutual fund vehicle structure.
Summary
EdgeHill Partners has established a significant entry into Canada's alternative investment market by launching six prospectus-offered alternative mutual funds under the EHP Funds brand. This launch represents the first family of "liquid alt" alternative mutual funds made available to Canadian retail investors through the standard prospectus mutual fund structure, filling a distribution gap that has existed while such products proliferated in U.S. and European markets for several years.
The fund family comprises six distinct strategies designed to serve different investor risk profiles and geographic mandates. The offerings include the EHP Guardian Alternative Fund and EHP Advantage Alternative Fund, both focused on North American equities with long/short positioning; corresponding international versions (Guardian International and Advantage International) that extend this approach to global markets; the EHP Select Alternative Fund, a concentrated Canadian long/short equity strategy; and the EHP Global Arbitrage Alternative Fund, which provides exposure to diversified arbitrage opportunities across markets.
The strategic positioning emphasizes downside protection and volatility management compared to traditional long-only mutual funds. According to Jason Mann, co-founder and CIO of EHP Funds, the funds are "designed to limit volatility and downside versus traditional funds." This value proposition reflects broader institutional demand for alternative strategies that can deliver equity-like returns with reduced drawdown exposure—a particularly relevant offering in Canadian retail channels where alternatives have historically been confined to segregated accounts or private hedge funds accessible only to high-net-worth investors and institutional clients.
The launch underscores EdgeHill Partners' dual-track distribution strategy, operating both EHP Funds (the prospectus-based mutual fund platform) and EdgeHill Partners proper (a traditional private hedge fund manager). By offering liquid alternative mutual funds through the regulated prospectus vehicle, EdgeHill Partners democratizes access to strategies that had previously required minimum investment thresholds characteristic of private fund structures, potentially capturing a significant portion of Canadian advisor platforms and their retail client bases seeking alternatives to conventional equity and balanced funds.
The fund family comprises six distinct strategies designed to serve different investor risk profiles and geographic mandates. The offerings include the EHP Guardian Alternative Fund and EHP Advantage Alternative Fund, both focused on North American equities with long/short positioning; corresponding international versions (Guardian International and Advantage International) that extend this approach to global markets; the EHP Select Alternative Fund, a concentrated Canadian long/short equity strategy; and the EHP Global Arbitrage Alternative Fund, which provides exposure to diversified arbitrage opportunities across markets.
The strategic positioning emphasizes downside protection and volatility management compared to traditional long-only mutual funds. According to Jason Mann, co-founder and CIO of EHP Funds, the funds are "designed to limit volatility and downside versus traditional funds." This value proposition reflects broader institutional demand for alternative strategies that can deliver equity-like returns with reduced drawdown exposure—a particularly relevant offering in Canadian retail channels where alternatives have historically been confined to segregated accounts or private hedge funds accessible only to high-net-worth investors and institutional clients.
The launch underscores EdgeHill Partners' dual-track distribution strategy, operating both EHP Funds (the prospectus-based mutual fund platform) and EdgeHill Partners proper (a traditional private hedge fund manager). By offering liquid alternative mutual funds through the regulated prospectus vehicle, EdgeHill Partners democratizes access to strategies that had previously required minimum investment thresholds characteristic of private fund structures, potentially capturing a significant portion of Canadian advisor platforms and their retail client bases seeking alternatives to conventional equity and balanced funds.
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