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NewGen reports 2010 perfomance for the NewGen Mining Fund SPC and NewGen Mining Fund LP of 88.7% (net) and 84.4% (net), respectively.
NewGen announces the launch of the NewGen Mining Fund LP for Canadian Accredited Investors.
NewGen launches the NewGen Mining Fund SPC for offshore investors.
The NewGen Mining Fund LP is an open-ended investment company incorporated under the laws of Canada as a Limited Partnership. It is an investment vehicle for Canadian Accredited Investors that reside in Ontario, British Columbia and Alberta.
| Inception Date | April 1, 2010 |
|---|---|
| Minimum Subscription | $50,000 |
| Base Currency | CAD |
| Management Fee | 1.8% p.a. |
| Profit Allocation | 20% above hurdle (CAD 1-yr risk free rate) |
| High Watermark | Yes |
| Subscriptions | Monthly |
| Redemptions | 30 Day Notice |
| Prime Broker | Scotia Capital |
| Auditor | Silver, Gold, Glatt & Grosman |
| Fund Administrator | SGGG Fund Services |
| Legal Advisors | Borden Ladner Gervais |
