T. Boone Pickens Energy Fund has filed its preliminary prospectus with Canadian securities regulators, BMO Capital Markets said Friday.

The fund has been created to provide investors with the opportunity for long-term capital growth by providing access to the energy-related investment strategies of TBP Investments Management, LLC. TBP and its management team are led by U.S. oil investor T. Boone Pickens.

The fund will hold an actively managed portfolio primarily of equities and commodity-related investments within the energy and energy-related sectors.

Portfolio investments will include traditional or conventional energy sector investments, but may also include alternative energy investments including non-traditional uses for natural gas and renewable energy.

Pickens intends to acquire 10% stake in the fund, to a maximum of US$10 million.

Harris Investment Management, Inc. is the fund’s investment manager and has retained the TBP to manage the fund’s portfolio and implement the fund’s investment strategy

BMO Nesbitt Burns Inc. will act as the administrator of the fund and will be responsible for its management and administration.

IE