Pratt named mew lead manager for Mavrix Income Fund
Mavrix Fund Management Inc. today announced that on March 25, it completed the rollover of Mavrix Explore 2006-I FT Limited Partnership, Mavrix Explore 2006-II FT Limited Partnership, and the Mavrix Explore Quebec 2006 FT Limited Partnership into the Mavrix Multi Series Fund Ltd.-Explorer Series.As at the rollover date, the net asset value of the Mavrix […]
DiVito named COO; Balderson appointed chief compliance officer
Investment manager writes off abandoned fund offering
Mavrix Fund Management Inc. announced today that, in connection with the planned dissolutions of three Mavrix resource limited partnerships (LPs), it is proposing to transfer all of the assets of each LP to the Explorer Series of Mavrix Multi Series Fund Ltd. in exchange for mutual fund shares having the same aggregate net asset value […]
Mavrix Fund Management Inc. today announced it will lift the temporary closure of the corporate class shares of Mavrix Multi Series Fund Ltd. – Short Term Income Series.The Toronto-based fund management company says it will accept new purchase orders and switches/transfers in from other Mavrix Funds effective January 8.Mavrix had earlier announced the temporary closure […]
Mavrix Fund Management Inc. today announced that it would backstop the Asset Backed Commercial Paper (ABCP) held in the funds it manages. Mavrix says its funds that hold ABCP have approximately $327 million in assets, of which just under $4 million is ABCP.The company’s money market funds hold less than 3% of ABCP. As well, […]
Saint-Laurent named chairman
Mavrix Fund Management Inc. has withdrawn the Mavrix TSX Venture Graduation Fund offering. Investor uncertainty, despite favourable valuations, has negatively affected interest in the fund, Mavrix says.“To proceed with an offering that would result in operating expenses being too high on a per unit basis is unacceptable to Mavrix and the underwriting syndicate.”Mavrix adds that […]
Mavrix Fund Management Inc. today reported a wider loss for the third quarter ended September 30.The Toronto-based investment management company said the loss for the quarter was of $892,000, or 11¢ a share, compared to a net loss of $237,000, or 3¢ a share, in the year-earlier period.As a result of the 10% year over […]