Among Leading Canadian Hedge Funds
BT Global Growth is a Canadian based, globally oriented long-short fund. We believe that long-short “value” investing provides compelling risk adjusted returns. We aim to take advantage of the resource heavy Canadian stock markets to benefit from global growth, to take advantage of inefficient and less competitive environments and to increase the “hard asset” weighting of your portfolio. In the Canadian Hedge Fund market, there are few established leaders despite many choices. We make this choice simple. Co-invest with experienced finance experts in a smaller fund, to better exploit the investment opportunities and grow your capital.
Investment Strategy
The BT Global Growth Fund has a strict focus on growth with downside protection. BT Global Growth Fund generates superior money-making ideas out of stocks trading at low cash flow values, offering a “margin of safety” to investors. Although we are among the leading Canadian Hedge Funds, it is our opinion that many growth opportunities can also be found outside of Canada. We believe that we are well positioned to take advantage of these opportunities as our management team has extensive international business experience.
Our long positions are complemented by judicious shorting of industries and stocks poised to suffer from global economic themes. We use minimal leverage in our Fund and focus on disciplined trading to reduce investment risk.
Many managers of Canadian Hedge Funds do not invest their personal capital alongside their investors. We strongly believe in aligning our interests with the interests of our investors and as such, all partners invest a substantial portion of their own wealth in the Fund.
Management Team
BT Global Growth is managed by Paul Beattie and Jacques Lacroix. To find more about the management team visit the company’s corporate profile.
Fund Summary & Terms
| Structure: | Limited Partnership registered in Ontario, Canada. |
| Minimum Investment: | $150,000 Canadian. $25,000 for accredited investors. |
| Initial Closing: | Completed in October 2006. |
| Management Fees: | 2.0%. |
| General Partner: | BT Advisory Inc. |
| GP Profit Sharing: | 20% of profits over and above a hurdle rate of 5.0%, shall be shared with the GP and paid quarterly. |
| Hurdle Rate: | 5.0% per annum. |
| High Water Mark: | Yes. Losses need to be fully recovered before the GP is permitted to share in the profits. |
| Leverage: | Minimal. |
| Classes of Units: | Class A units for original LP’s, Class B units for direct LPs and Class A-Advisors and Class F units for Brokerage accounts. |
| Investment Date: | Last business day of each month at NAV. |
| Withdrawal Date: | Last business day of each quarter, upon 30 days notice. |
| Portfolio Manager: | BT Global Growth Inc. |
| Administrator: | The Investment Administration Solution Inc. (IAS) |
| Auditor: | PricewaterhouseCoopers LLP |
| Lock-up Period: | 90 days. |
| FundSERV Accounts : | BTA103, Series A-Advisor / BTA104, Series F |
Compare Our Fund’s Performance*
Fund net asset value per unit (NAV)
| Unit Class | NAV as of September 30, 2021 |
| Class A units | $68.01 |
| Class A Advisor units | $52.30 |
| Class B units | $51.60 |
| Class F units | $52.22 |
Comparable Performance*
| BTGG | TSX COMPOSITE | S&P 500 (CAD) | |
| 2021 (YTD) | 21.92% | 17.48% | 15.52% |
| 2020 | 64.98% | 5.59% | 16.15% |
| 2019 | 9.87% | 22.84% | 25.24% |
| 2018 | 15.41% | (8.88%) | 3.98% |
| 2017 | (10.37%) | 9.07% | 13.64% |
| 2016 | (0.52%) | 21.05% | 8.59% |
| 2015 | (6.71%) | (8.32%) | 20.95% |
| 2014 | 18.09% | 10.53% | 23.97% |
| 2013 | 27.24% | 12.96% | 41.50% |
| 2012 | 0.74% | 7.16% | 13.46% |
| 2011 | (19.39%) | (8.74%) | 4.38% |
| 2010 | 26.24% | 17.57% | 8.90% |
| 2009 | 64.08% | 34.99% | 9.12% |
| 2008 | (25.95%) | (33.04%) | (22.58%) |
| 2007 | 2.90% | 9.79% | (10.21%) |
| September 1st to December 31st 2006 | 38.27% | 7.85% | 15.38% |
| Since Inception (Annualized) | 12.16% | 6.49% | 11.50% |
(1) Results and NAV are calculated monthly by the administrator, Investment Administrations Solutions Inc.
(2) Results are for the fund as a whole, net of fees, not for one particular class of units.
Monthly Performance
| Jan. | Feb. | March | April | May | June | July | Aug. | Sep. | Oct. | Nov. | Dec. | YTD | |
| 2021 | 3.70% | 25.12% | -4.22% | 4.95% | 1.24% | 3.85% | -2.02% | -7.00% | -2.43% | 21.92% | |||
| 2020 | -1.30% | -7.97% | -12.86% | 16.51% | 5.34% | 6.89% | 17.60% | 6.05% | -2.77% | 6.69% | 10.29% | 11.25% | 64.98% |
| 2019 | 10.15% | 5.50% | 5.43% | 3.06% | -6.39% | -2.34% | -0.31% | -5.00% | -4.93% | -2.42% | 1.88% | 6.34% | 9.87% |
| 2018 | 23.22% | -3.12% | -0.08% | 2.54% | -1.59% | 3.23% | -3.36% | 0.43% | 16.46% | -7.72% | -6.00% | -5.27% | 15.41% |
| 2017 | 0.27% | 0.52% | -2.32% | -4.30% | -2.49% | -7.46% | 0.03% | -2.33% | -0.52% | 0.49% | 1.37% | 6.64% | -10.37% |
| 2016 | -7.56% | -0.05% | -1.98% | 5.50% | -3.68% | -4.39% | 1.48% | 2.39% | 2.23% | 4.36% | -0.29 % | 2.33% | -0.52% |
| 2015 | 4.90% | 3.51% | 2.26% | 0.80% | 2.08% | 0.32% | -5.32% | -5.07% | -6.25% | -0.87% | 1.43% | -5.59% | -6.71% |
| 2014 | 5.41% | 4.10% | -0.79% | 4.57% | -0.91% | 1.89% | -1.19% | 1.71% | -2.02% | -2.08% | 2.31% | 4.15% | 18.09% |
| 2013 | 1.29% | 2.33% | 3.46% | -5.25% | 1.06% | 2.32% | 2.52% | -0.53% | 2.29% | 6.06% | 2.82% | 6.47% | 27.24% |
| 2012 | 8.93% | 3.62% | -2.39% | -5.67% | -5.50% | -5.17% | 0.46% | 3.11% | 3.76% | -0.01% | -1.02% | 1.69% | 0.74% |
| 2011 | -1.26% | 4.70% | -2.79% | -0.64% | -3.55% | -7.86% | 7.31% | -1.97% | -6.79% | -0.33% | -8.08% | 1.12% | -19.39% |
| 2010 | 1.00% | 3.90% | 3.09% | 4.24% | -3.31% | -2.31% | -4.01% | -2.01% | 7.51% | 4.80% | 6.41% | 5.09% | 26.24% |
| 2009 | 6.16% | 1.90% | 6.22% | 2.59% | 9.20% | 2.77% | 2.44% | -0.49% | 5.67% | 6.13% | 6.98% | 1.41% | 64.08% |
| 2008 | -9.29% | 8.95% | -7.36% | 3.86% | 3.10% | 3.98% | -14.53% | -7.81% | -10.82% | 2.13% | 0.83% | 0.39% | 25.95% |
| 2007 | -3.75% | 9.65% | 4.65% | 12.80% | -3.26% | -4.85% | 1.95% | -11.48% | 6.21% | 6.50% | -14.31% | 2.57% | 2.90% |
| 2006 | – | – | – | – | – | – | – | – | Inception | 5.45% | 23.12% | 6.49% | 38.27% |
| Since Inception (annualized) | 12.16% | ||||||||||||
Performance Report
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*The Fund investment strategy is to generate above market returns while controlling risk through diversification among asset classes, sectors, market capitalizations and value analysis. The Fund may consist among other instruments: short positions, exchange-traded funds, commodities, equities and warrants, convertible, non-tradeable or restricted securities, and bonds. Please refer to the Fund’s Offering Memorandum. All performance figures are net of all fees and expenses. Past performance and pro forma returns are not necessarily indicative of future returns. Market indices returns are used for information purposes only. The market indices referred to are broad-based and capitalization-weighted and, as such, differ materially from the Fund portfolio composition, strategies and management style and are therefore of limited use for comparing risks and returns performance of the Fund or other actively managed funds. The information contained herein, including market indices returns, while obtained from sources which we believe to be reliable, is not guaranteed as to accuracy or completeness, no representation is being made to that effect, may not and should not be reproduced or used for any other purpose. This document is for information purposes only and does not constitute an offer to sell or a solicitation to buy units of the Fund or the securities referred to herein. Please check with your financial advisor before making any investment decisions.