Friedberg Global-Macro Hedge Fund to limit new subscriptions to match cash outflows
Toronto Trust Management Ltd (TTML) has that, until further notice, acceptance of new subscriptions for units of Friedberg Global-Macro Hedge Fund – one of the Friedberg Alternative Mutual Funds – will be limited so as to match, as clearly as possible, the amount of cash outflows of the Fund, primarily due to redemptions and fees.
Redemptions are not being suspended.
Units of the Fund are offered under the simplified prospectus of the Friedberg Alternative Mutual Funds.
TTML will review this decision on an ongoing basis, with a view to fully reopening the Fund to new subscriptions when appropriate.