Formula Growth, a Montreal-based hedge fund with total assets under management of around C$1.2 billion, is starting another fund focused on small and mid-sized US stocks that will be based in the Cayman Islands.
The fund will seek to replicate the Formula Growth Alpha Fund, a neutral approach targeting consistent returns regardless of the direction of the market.
Founded in 1960, Formula Growth manages C$916 million in Canada’s hedge-fund industry, which is valued at about C$40 billion. Canadians accounted for 90 percent of the firm’s growth in recent years.
Formula Growth, Hedge fund, Cayman Islands, Canada, US
