Canadian firm brings US fund to European shores

Canadian hedge fund operator JC Clark & Co is to target European investors with a Dublin-listed unleveraged version of its three-year-old North American long/short hedge fund this summer.

John Clark, chairman of JC Clark, who started the Barbados-domiciled Preservation Capital Limited fund for private investors before opening it to the public, said the portfolio ranges from 60 to 80 positions but it will retain at least 55% of assets in Canadian equities.

The fund, which conducts valuations,