MMCAP Fund, Inc. is operated by a Canadian management team and offers clients targeted investment pathways with high risk–adjusted returns potential. The firm’s asset management strategy is informed by extensive in-house research and analysis and benefits from communication with company executives and insiders. MMCAP Fund’s neutral market hedging approach exploits market inefficiencies and offers clients the advantage of minimal market exposure. Absolute returns generated through this asset management strategy are independent of market direction.
The Fund’s team of dedicated professionals has particular experience in special situations brought about by little-followed market events such as private placements, capital structure arbitrage, and merger arbitrage. A rigorous risk management protocol includes continuous monitoring to ensure that downside risks, leverage, and concentration are kept within predefined parameters.
Leading the Fund are the founding partners Matthew MacIsaac and Hillel Meltz. Having earned his Bachelor of Commerce at the University of Toronto, Mr. Meltz spent several years with another Canadian hedge fund prior to partnering in his current venture. His corporate responsibilities over the past six years have included roles as Chief Compliance Officer, as Sub-advisor to MMCAP Management Inc., and as Advising Representative to MMM Asset Management.
The Fund was featured in a January 2012 Globe and Mail article highlighting firms that have experienced sustained growth and stability throughout a period of market volatility and are now pursuing growth strategies. Over the past year, MMCAP Fund has recruited several experienced financial advisors and analysts from major Canadian investment banks and securities firms to join its asset management team.