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Structure of the Tonus US Small Cap Fund

Tonus US Small Cap Equities Fund LP complies with all regulatory requirements and is registered with the financial authorities in the province of Quebec. Furthermore, Apex Fund Services acts as the external administrator, and Northern Trust acts as the custodian of our fund. Tonus acts as a sub-advisor with Innocap being the manager and PGEQ LON GP Inc. as the GP

The Partnership’s objective is to earn superior equity returns compared to the Russell 2000 Index, an index consisting of US small cap equities, measured in CAD over an investment horizon of three years

A simple and reliable process


Step 1: Subscription

The investor receives the offer notice and completes the subscription document to purchase units in the Tonus USSC Fund. The investment is confirmed by the external administrator ApexFS.

Step 2:  Follow-up

For the duration of the investment, ApexFS (our independent administrator) calculates and authorises the value of the fund units issued to partners, and sends them a daily report directly, with all data concerning the value of the units and the returns generated during the day.

Step 3: Verification 

The Tonus USSC Fund delivers its financial reports twice a year. These reports are authorised and approved on an annual basis by the accounting firm Pricewaterhouse Coopers LLP. These financial reports are also sent to our partners on a bi-annual basis. The Tonus USSC Fund's assets are held by Northern Trust who act as our custodian.

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