Opportunities Fund: Long/Short Opportunities. Risk-Adjusted Returns.
A Fund Built for Consistent, Absolute Returns
The LionGuard Opportunities Fund is a long/short equity strategy designed to deliver absolute returns with low correlation to broad market movements. We invest with a long-term mindset, applying deep, bottom-up fundamental research to identify high-quality North American businesses trading at exceptional valuations. We are investors, not traders—willing to wait patiently for the right opportunities to emerge, and focused on companies with durable advantages, exceptional management, and great reinvestment capabilities. On the short side, we selectively position against businesses with deteriorating fundamentals, weak competitive positioning, or excessive valuations.
Key Stats as of June 30, 2026
10,8 %
Rendement net annualisé
233,68 %
Rendement net cumulé
68 %
Ratio de participation aux hausses
35 %
Downside Capture Ratio
Investment Performance
Our Track Record
The chart below showcases the fund’s long-term performance versus S&P/TSX Total Return Index.
Investment Process
How We Invest
Our disciplined, thoughtful approach blends deep fundamental research, focus on circle of competence and patience to take advantage of unique opportunities.
Deep Fundamental Research
We thoroughly assess financials, operations, competitive dynamics, and leadership team to understand businesses inside out.
Intrinsic Value Assessment
We use proprietary models to estimate a company’s intrinsic value and only invest when market prices offer large margin of safety.
Rigorous Risk Management
We identify and quantify risks that could impact intrinsic value calculation, integrating this analysis into our investment decisions.
Deliberate Portfolio Construction
Our portfolio is built company by company, with each addition carefully weighed to ensure it strengthens the overall composition.
Ongoing Monitoring and Analysis
We continuously monitor developments, test our theses, and update our views as new information emerges.
Risk Management
A Disciplined Approach to Protecting Capital
We invest within our circle of competence. A deep understanding of each business and its value forms the foundation of our investment process and our culture of risk management.
We track the core drivers of every business and act decisively when material risks or changes arise.
We actively manage portfolio exposures so that no single factor can disproportionately influence outcomes.
Each position is sized according to our conviction level and its specific risk profile.
Continuous reviews and analysis ensure our portfolio remains aligned with evolving information and risks.
Awards & Recognition
Long-Term Performance
Our commitment to rigorous research, risk management, and long-term outperformance has earned recognition from peers, partners, and industry observers alike.
BarclayHedge Recognition Award for Excellence
– Top 10 (June 2022)
BarclayHedge Recognition Award for Excellence
– Top 10 (September 2020)
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BarclayHedge Recognition Award for Excellence
– Top 10 (November 2019) for LionGuard Opportunities Fund
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AI 2016 International Fund Awards Winner
– Best Canadian Fund (Risk-Adjusted Returns Since Inception)
Fund Reports
Our Reports
Download the fund’s most recent monthly, quarterly, and annual reports for the latest performance and commentary, or request earlier reports to examine our investment process in greater detail.
Fund Description
Investment Terms
FundSERV Codes
Cash Accounts: Class F – LGC103, Class A – LGC101
Registered Accounts: Class F – LGC203, Class A – LGC201
Geography & Market Capitalization
North America, Small & Mid Cap Equities
Fund Currency
Canadian Dollars
Subscription/Redemption
Monthly, No Lockup
Management Fee
Class F – 1.0%
Class A – 2.0%
Profit Distribution
20% above High-Water Mark
Hurdle Rate
3.0% per Annum
Let's Discuss Your Investment Goals.
Have questions? We’re here to help. Contact us to discuss whether our disciplined, fundamental approach aligns with your investment objectives.
