Structure of the Tonus Partners' Fund
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Tonus Capital complies with all regulatory requirements and is registered with the financial authorities in the provinces of Quebec and Ontario. Furthermore, SS&C CommonWealth acts as the external administrator, and Laurentian Bank acts as the custodian of our fund.
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A simple and reliable process
Step 1: Subscription
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The investor receives the offer notice and completes the subscription document to purchase units in the Tonus Partners Fund. The investment is confirmed by the external administrator SS&C CommonWealth.
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Step 2: Follow-up
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For the duration of the investment, SS&C CommonWealth (our independent administrator) calculates and authorises the value of the fund units issued to partners, and sends them a quarterly report directly, with all data concerning the value of the units and the returns generated during the quarter.
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Step 3: Verification
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The Tonus Partners Fund delivers its financial reports twice a year. These reports are autorised and approved on an annual basis by the accounting firm EY. These financial reports are also sent to our partners on a bi-annual basis. The Tonus Partners Fund’s assets are held by Laurentian Bank who acts as our custodian.
A transparent cost structure
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At Tonus Capital, we promote transparency with our partners. Therefore, our management and performance fees are explained clearly for all and are always available to see right here.
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Fixed fee​
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An annual management fee of 0.90% (category A)
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Performance fee
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A fee of 15% (after our management fee) on net performance over 6% (no performance fee applies if net returns are below 6%)
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The performance fee applies only when the value of your investment is superior to the highest level reached in the past, i.e. we use a high-water mark. Please do not hesitate to contact us for more details about this structure.