Northern Rivers Evolution Fund combines the talents of Cleland and Ruus.
Northern Rivers Conservative Growth Fund re-launches Ruus' successful LP
in mutual fund format
TORONTO, Sept. 10 /CNW/ - Northern Rivers Capital Management Inc.
(Northern Rivers) continues to build on its success and expand its suite of
investment opportunities, by launching two new mutual funds. Both funds will
carry a minimum entry level of $15,000, which will make them accessible to a
wider range of clients than Northern Rivers' previous offerings.
"With one exception, our fund offerings up to now have been pooled funds
and limited partnerships, designed for sophisticated high net worth
investors," said Robert Blakely, President of Northern Rivers. "These new
products are mutual funds, which will help meet the demand we're experiencing
to make our funds easier to purchase and more accessible. We're very excited
about the possibilities."
The Northern Rivers Evolution Fund will be co-managed by two of the
company's top performing portfolio managers, Hugh Cleland and Alex Ruus, both
of whom are also equity holders in the firm. The fund will pool the best ideas
of both managers and will focus on mid- and large-cap stocks, primarily of
North American companies.
The second new fund is a mutual fund re-launch of the Northern Rivers
Conservative Growth Fund LP, which will be two years old in November. Alex
Ruus' outstanding returns have created considerable demand for a version of
the fund that is RRSP eligible, available through investment dealers, and not
subject to the accredited investor rules. The fund will be diversified by both
capitalization range and economic sector, but will capitalize on Ruus'
specialized expertise in the energy and financial services sectors.
Both funds were launched on August 27, 2007 and will be available to
investors in all Canadian provinces except Quebec through investment advisors,
discount brokers, fee-based brokers or directly through Northern Rivers. Full
information is available on the Northern Rivers website at
About Northern Rivers Capital Management Inc.
Northern Rivers Capital Management Inc. was established in 2001 to
provide financial products and services for high net worth investors. Its
current family of funds includes three mutual funds, including the Northern
Rivers Monthly Income and Capital Appreciation Fund, a tax efficient monthly
income fund launched last year, and four pooled funds for accredited
For further information:
For further information: Robyn Graham, Vice President, Sales &
Marketing, Northern Rivers Capital Management Inc., Phone: (416) 597-3890,
Email: firstname.lastname@example.org, www.northernriversfunds.com