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7 Jan 2009

Rival Launches RRSP Fund

Canadian hedge fund manager Rival Capital Management Inc., announced the launch of the Rival North American RRSP Growth Fund, an RRSP eligible fund that will invest in the current Rival North American Growth Fund LP.

The new fund plans to buy units in the current fund instead of holding individual securities, the fund enables accredited investors who wish to make RRSP investments to gain access to the Firm’s flagship Fund through their RRSP.

Investing primarily from both a long and short perspective in small and midcap growth stocks listed in Canada and the US, the fund’s investment process is centered around a top-down disciplined technical and fundamental approach. The fund employs a rigorous proprietary screening process to identify stocks exhibiting certain technical and fundamental characteristics that Rival considers key to identifying long term performance.

Tony Warzel, Chief Investment Officer and head of the Rival investment team is primarily responsible for stock selection as well as overall portfolio management of the Rival North American Growth Fund.

With approximately $14.9 million in assets under management, Rival Capital was founded in 2006. It is a niche investment management firm that provides pooled fund portfolio management services to accredited investors.

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