Goodwood Capital Fund
The Goodwood Capital Fund (the “Fund”) investment objective is to achieve capital appreciation by investing primarily in equity securities of North American companies over a broad range of industry sectors which the Portfolio Manager believes to have superior growth potential. In making investment decisions on behalf of the Fund, the Portfolio Manager utilizes a “bottom-up” approach involving intensive analysis of the individual company and associated industry conditions. The Portfolio Manager focuses on companies and industries that it believes, as a result of such analysis, can deliver superior risk adjusted returns, rather than focus on the general direction of the overall market.
Purchased directly through Goodwood or through Investment Advisors, the Prospectus sold, RSP eligible Fund provides investors with exposure to a unique and value add investment strategy that cannot be replicated by passive or quantitative vehicles. The Fund focuses on undervalued small-to-mid capitalized businesses that:
- have secular growth opportunities or ability to grow market share in a fragmented industry,
- identify small-mid cap companies trading at a material discount to larger cap peers,
- generate strong ROIC & excess free cash flow allowing for growth, debt repayment and dividends / buybacks,
- are run by exceptional management teams,
Alpha generation focuses on company specific catalyst events such as rapid deleveraging, dividend recapitalization, capital recycling cycles, business transformations, balance sheet restructuring, spin-offs, etc. The Fund aims to generates an idiosyncratic return profile and low correlation to broader equity markets or macroeconomic factors.
Gajan Kulasingam, CFA, CPA, CA
Gajan Kulasingam is lead portfolio manager of the Goodwood Capital Fund and has more than 20 years of financial industry experience, covering corporate finance, private equity and public equities. Prior to Goodwood Inc., Gajan was a VP & Senior Portfolio Manager with Sentry Investments, where he oversaw over $1B of assets across multiple global mandates. Prior to Sentry Investments, Gajan worked at one of the leading mid-market private equity firms in Canada focused on mezzanine lending and minority equity investments. Gajan began his career at Deloitte within their Audit & Assurance practice, focusing on financial institutions. Gajan has a Bachelor of Commerce degree from the University of Toronto, holds the Chartered Financial Analyst (CFA) and Chartered Professional Accountant (CPA) designations.
Key Reasons to Own this Fund:
- Tax-effective carryforwards protects capital gains
- Bottom-up, company specific investment approach
- Diversification vs. major Canadian indices
- Portfolio Manager and Management alignment
- Registered account eligible
- Weekly Liquidity
Current FundSERV Codes:
|Fund Class:||Class A||Class F|
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the offering memorandum or prospectus before investing. The indicated rates of return of the Fund are the historical annual compounded total return including changes in unit value and assume that all distributions made by the Fund were reinvested in additional units of the Fund. The rates of return do not include deduction of sales, transfer, redemption, income taxes payable, or other charges (which distributors may charge) that would have reduced returns. The rates of return are net of all management fees, performance incentive fees and expenses. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investment funds can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance. An investment in the Fund is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors.
Performance data from certain market indices (S&P/TSX Composite TRI, S&P/TSX SmallCap TRI) are provided in this presentation for information purposes only. These Indices are not benchmarks of the Funds but rather are displayed for comparison purposes to the broad market. A comparison of the Fund’s performance to such market indices is of limited use because the composition of the Fund’s portfolio may contain other securities not found in the market index. As a result, no market indices are directly comparable to the results of the Funds.
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