David Dattels

Provides hedge fund management services

Provides brokerage services

Provides brokerage services

Functions as a College/University

New Generation Asset Management manages a hedge fund that seeks to generate above-average returns through selective investments in the mining industry. The NewGen Mining Fund invests solely in equities and other liquid securities within the mining and mining-related industries. The firm's investment approach focuses on fundamental and quantitative analysis that is designed to seek out alpha. They also employ a disciplined security selection process to create a diversified portfolio of high-conviction holdings with a balanced liquidity profile. New Generation's investment universe consists of 1,450 companies involved in mining exploration, development, production and services. The fund typically holds 30 to 40 stocks with an average position size of 2.5% to 3.5% and a maximum position size of 10%. The majority of the portfolio is invested in companies with market-cap greater than $250 million. Expected net exposure is 50% to 150% and expected gross exposure is 150% to 250%. Risk is managed through the use of equity shorts, equity indexes and options strategies.

NewGen specializes in absolute return strategies that seek to provide its investor base with a combination of consistent uncorrelated returns and capital preservation during periods of market volatility. The firm has generated a track record of returns that are well above Canadian Equity Market and Hedge Fund Indices while maintaining defensive portfolio exposures. They strive to deliver a truly unique return stream with minimal correlation to other asset classes. NewGen employs active fund management strategies driven by a fundamental research process designed to identify market inefficiencies. The strategies consistently adhere to a disciplined risk management framework to minimize downside volatility and preserve capital.

Operates as a capital pool company