MacNicol Emergence Fund Press Release – May 2024
MacNicol & Associates Asset Management is pleased to announce a transaction exit through its private equity fund, the MacNicol Emergence Fund.
MacNicol & Associates Asset Management is pleased to announce a transaction exit through its private equity fund, the MacNicol Emergence Fund.
The MacNicol Alternative Asset Trust earned a 1.4% investment return, net of fees, for the quarter ending September 30, 2023. The investment environment was defined by persistent inflation, resilient economic data, and rising interest rates across the United States and Canada. The fund was mainly higher due to strong private real estate and hedge fund returns. During the third quarter, the Trust realized two notable exit transactions, and made a number of new investments.
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.
David MacNicol, the president and founder of Toronto-based wealth and fund management firm MacNicol & Associates, started wintering in Miami to escape the blustering, snowy cold of eastern Canada.
David MacNicol (07:38)
David MacNicol sat down with Tom Dorsey, the founder of Dorsey, Wright & Associates (now Nasdaq Dorsey Wright) to talk about how the platform helps MacNicol as an asset manager and how he utilizes to benefit clients. The MacNicol Blue Chip Growth Fund is a custom model designed by the team at MacNicol who utilized [...]