Fundamental approach in an inefficient market segment

Focus on Canadian mid-cap segment where low levels of institutional ownership and limited analyst coverage lead to inefficient pricing – thorough analysis can give the manager a significant advantage

Outperformance in difficult markets

• Less focus on 'hot' sectors in the market
• Low net exposure strategy
• Relatively non-directional long/short strategy in a market with predominantly long-biased long/short managers

Canada

Large exposure to Canada, a market with very few hedge funds

Informational Advantage

Extensive contact base in tightly knit Canadian business community

Experience

Team overseen by John Clark – veteran manager has 40 years experience managing money in Canada

Simplicity of Style

Common sense, fundamentally grounded approach leads to repetition of results

Alignment of Interests

Insiders have significant personal capital invested across all JCClark funds