Trident Performance Corp. has completed its $44 million initial public offering, CI Investments Inc. said Monday.

CI is the manager of the corporation. Trident shares are now trading on the Toronto Stock Exchange under the symbol TCZ.

The offering comprised 4.4 million Class A shares at a price of $10 each.

CI says the investment objective of the corporation is to provide tax-efficient risk-adjusted long-term rates of return by obtaining exposure to a global macroeconomic portfolio. The global macroeconomic portfolio may provide long and/or short exposure to any of the following: equity and fixed-income securities, commodities, currencies and derivative instruments that provide exposure to any or all of the foregoing or to general or specific market indexes.

The portfolio is actively managed by Trident Investment Management, LLC of New York, and is positioned to benefit from significant global macroeconomic trends. Chief investment officer of Trident Investment is Nandu Narayanan, who has 17 years of investment industry experience.

TD Securities Inc., Blackmont Capital Inc., National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Capital Corp., Dundee Securities Corp., HSBC Securities (Canada) Inc., GMP Securities L.P., Raymond James Ltd. and Richardson Partners Financial Limited were the agents for the offering.

IE