Toronto Firm Launches Hedge Fund of Funds

October 31, 2003 ( - A Toronto based money manager has launched a new hedge fund of funds.

According to an announcement from Pro-Hedge Funds Inc., its Pro-Hedge Multi Manager Elite Fund will carry an initial investment minimum of $5,000.

The company’s news release said the offering is a multi-manager, multi-strategy hedge fund that will allocate assets among managers selected by Pro-Hedge Funds Inc., including Jim O’Donnell, Frank Mersch , Eric Sprott , Gene Vollendorf , and Dennis Heskell of Chicago-based Mansur Capital.

Pro-Hedge has hired Lawrence & Co. as investment advisor to the fund. Also included on the eight-person Investment Advisory Board is former Bank of Canada head John Crowe, former Burns Fry chair Jack Lawrence and Monty Gordon of Gordon Capital.

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