Newgen Equity Long/short Fund
NewGen Equity Long/Short Fund is a Cayman Islands-domiciled investment fund managed by NewGen Asset Management Limited, specializing in a Canadian-focused equity long/short strategy. The fund was launched on July 1, 2012, and is managed from Grand Cayman. Designed for institutional and high net worth investors, it is now closed to new subscriptions and US/International investors are not eligible. Employee count for the fund entity itself is not stated; the asset manager is relatively small and specialized.
Investment Strategy
The NewGen Equity Long/Short Fund LP employs a Canadian-focused, opportunistic equity long/short strategy that seeks to generate alpha by exploiting persistent structural inefficiencies in the Canadian equity markets. The fund consistently maintains defensive market positioning to minimize the influence of overall market beta and employs disciplined, adaptive risk management to de-risk during periods of extended market volatility, thus prioritizing capital preservation. The portfolio is highly liquid with both market and sector defensiveness and is actively managed to provide real diversification benefits. The fund is closed to new subscriptions and was always intended only for Canadian investors.
Top Holdings
Equity Positions (16)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
U USAS | AMERICAS GOLD AND SILVER CORP | 15.21% | $25.9M | 32,100,000 | $0.81 | $0.81 | +$25.9M |
C CCJ | CAMECO CORP | 8.36% | $14.3M | 192,000 | $74.23 | $74.23 | +$14.3M |
C CLS | CELESTICA INC | 8.24% | $14.0M | 90,000 | $156.11 | $156.11 | +$14.0M |
B BB | BLACKBERRY LTD | 7.25% | $12.4M | 2,700,000 | $4.58 | $4.58 | +$12.4M |
S SAND | SANDSTORM GOLD LTD | 5.51% | $9.4M | 1,000,000 | $9.40 | $9.40 | +$9.4M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF | New | Put | $16.1M | 2,000 | $80.65 | $80.65 | +2,000 | +$16.1M |
C CNQ | CANADIAN NATURAL RESOURCES INC | New | Call | $9.4M | 3,000 | $31.40 | $31.40 | +3,000 | +$9.4M |