Alt Trust Summary

Real Estate

Private Equity

Hedge Funds

Downside Protection

Alternative Debt Fund

MACNICOL ALTERNATIVE ASSET TRUST FUND SUMMARY

The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity and multi-strategy hedge funds. Combined, the Alternative Trust is invested in more than 150 separate real estate projects, mortgages, hedge funds and private securities. The advantage of combining different alternative asset classes and high yield investments into one Fund include tremendous diversification, enhanced liquidity, and a more predictable and less volatile pattern of returns when compared against the performance of the individual asset classes themselves.

(As of August 31, 2026)

Real Estate 54%
Private Equity 34%
Hedge Funds 12%
Cash 0.66%

MACNICOL 360 DEGREE REAL ESTATE INCOME FUND

The purpose of the Fund is to generate steady income and capital gains primarily from investments in Canadian commercial properties and U.S. residential properties and mortgage pools. The partnership will do so through a combination of direct and private fund investments in different geographies and across several strategies.

Investments or pending investments to date include partnerships or properties across Canada and the United States including properties managed by the Kingsett Capital Management of Toronto and the Prospect Properties Group of Orlando, Florida.

The 360 Degree Advantage

  • Enhanced diversification and oversight
  • Monthly liquidity
  • Institutional level transparency and reporting
  • Conservative leverage structure
  • Self-liquidating portfolio of assets
  • Valuations underpinned by tangible assets
  • No correlation to stock or bond markets
  • Local point of contact

Mutually Reinforcing Strategies

  • Combination of Canadian and US real estate
  • Objective to generate income and capital gains
  • Types of real estate investments:
    • Mortgages
    • Apartments
    • Condominiums
    • Whole loans
    • Developable land
    • single family homes
  • Target return of >10% p.a.
  • Minimum investment of >$50m for Accredited Investors

(As of August 31, 2026)

Multifamily/Residential 40%
Real Estate Lending 6%
Office 3%
Retail 7%
Land 25%
Cash 2%
Industrial 17%

MACNICOL EMERGENCE FUND

The investment objective of the Emergence Fund is to generate capital gains by investing in a portfolio of privately held companies. The primary objective of the Emergence Fund is to seek investments in small companies which are not widely followed by research analysts or investors. The Fund seeks opportunities where capital exit strategies are clearly defined, and are likely to occur within a three-year time frame.

  • Invest in private companies
  • Equity
  • Convertible debt
  • Warrants
  • Objective of capital gains and moderate income
  • Returns independent of stock market
  • Investments made directly and thru Private Equity Managers
  • Minimum investment > $50m for Accredited Investors

(As of August 31, 2026)

Equity Co-Investments 15%
Sponsor Equity 47%
Direct Private Company Holdings 38%

MACNICOL ABSOLUTE RETURN FUND

The advantages of our approach to alternative assets include effective diversification, enhanced liquidity and a less volatile return profile compared to the individual asset classes themselves.

  • Objective to generate consistent and positive absolute returns
  • Returns are independent of public stock markets
  • Invest with managers from Canada, U.S. and U.K.
  • Multiple value-added trading strategies used
  • Target return of 7-10% p.a. (net of fees)
  • Investments can range from $50,000 – $1 million for Accredited Investors

Multi-Strategy Fund of Funds

strategyfunds

(As of August 31, 2026)

Global Macro 21%
Digital Asset Treasury Holdings 0.4%
Multi-Strategy Hedge Funds 40%
Small Caps 2%
Deep Value 15%
High Yield Debt 5%
Emerging Market Distressed Debt 15%
Cash 2%

ALTERNATIVE DEBT FUND

A more diversified approach to debt markets with  atarget net of fee return of 6-8%
 
Why Traditional Fixed Income is no longer enough – long duration drawdowns (2022, and 2026), elevated correlation with equities, persistent inflation, and crowded passive concentration which all result in risk and heightened volatility.

Active Edge – 3 sources of return that a passive index cannot capture which we capture 

THE RISKS WE MANAGE

Four risk factors inherent to fixed income portfolios – and the specific approach applied to each.

THE RISK
OUR APPROACH

Interest Rate Risk

Bond values fall as rates rise, exposing long-duration passive holdings to drawdowns.

Active duration positioning and floating-rate exposure reduce sensitivity to rate moves.

Credit & Default Risk

Deteriorating issuer fundamentals can trigger downgrades, impairment, or default.

Rigorous underwriting, covenant analysis, and downside protection limit exposure before capital is committed.

Liquidity Risk

Thin secondary markets can make it costly or slow to exit positions when needed.

Layered redemption terms and monitored liquidity buffers preserve portfolio flexibility.

Concentration Risk

Overreliance on one manager, sector, or vintage amplifies the impact of a single failure.

Diversification across managers, sectors, and vintages - spreads exposure and smooths outcomes.

MACNICOL SAFE HARBOUR FUND – DOWNSIDE PROTECTION

What happens to your portfolio if the market tanks? It will probably tank. The MacNicol Safe Harbour Fund could provide portfolio insurance and protect your wealth today, no matter the market conditions.

 

Ready to Secure Your Safe Harbour?

For over two decades, we’ve helped investors navigate uncertainty, protect capital, and achieve lasting financial goals. Let’s chart your path forward.