Calgary-based Hesperion Capital Management Ltd. and Norrep Group of Funds have added two new funds to their product lineup: Norrep US Class and Norrep Income Growth Class. Norrep US invests in securities of small- and micro-cap U.S. equities, and is intended for high net-worth and risk-tolerant investors. “We’re looking for companies with low price/earnings ratios and high return on equity, and we’re finding a lot of them in the U.S.,” says Craig Millar, Hesperion’s vice president and portfolio manager. Both funds play into the firm’s specialty of small-cap equities. “These funds really match what we do well, and that’s quantitative analysis and financial analysis,” says Alex Sasso, lead portfolio manager at Norrep Income. The fund invests in Toronto Stock Exchange-listed Canadian income trusts, 83% of which are small- and mid-cap companies, Sasso says. “These are small, stable companies, and it plays directly to our expertise,” he adds. Front-end sales commissions are 0%-5%, or 3% for units sold on the low sales-charge basis. Redemption fees for the low sales-charge option are 3.5% in Year 1 and 2% in Year 2 and and zero after Year 3. Trailing commissions for NorrepINCOME are 0.65% for front-end sales and 0.325% for the low sales-charge option. Management fees are 1.65%. For NorrepUS, trailing commissions are 1% for front-end sales, or 0.5% for units sold on the low sales-charge option. Management fees are 2%. Minimum investment for both funds is $10,000.