The MacNicol Alternative Asset Trust earned a 1.9% investment return, net of fees, for the quarter ending June 30, 2023. The investment environment was defined by higher interest rates, persistent inflation, and very robust labor markets in Canada and the US. The fund was mainly higher due to significant gains in land development and residential real estate partnerships due to strong housing demand in both Canada and the US. 

The goals of the Alternative Trust are to generate attractive risk-adjusted returns and help alleviate investor reliance on public market investments. To meet this goal, the fund invests with a long investment horizon in real estate, private equity, and hedge funds. In total, the trust is invested in more than 150 separate real estate projects, private businesses, and hedge funds. The advantages of our approach to alternative assets include effective diversification, enhanced liquidity, and less volatile returns profile compared to the individual asset classes themselves. 

This investment strategy has produced excellent long-term results. Over the 14 years the fund has been open, the fund returned 10.2% per year with only 6.8% volatility. 

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