Toronto-based investment management firm, AlphaNorth Asset Management, is launching a new open-ended mutual fund, the AlphaNorth Growth Fund. The new product will seek to generate long term returns by providing investors with exposure to Canadian companies.

The new vehicle, which will employ a similar investment methodology as the AlphaNorth Partners Fund, is likely to have an initial closing in late May. The fund, which will be managed by Steve Palmer, will launch at $10 per share with a minimum subscription amount of $1,000.

Click here for the release from Canada Newswire.