Stock Market Opens Ahead Of Fed Chair Powell's Speech In Jackson Hole
Alternative assets have become more enticing and accessible over the past few years as Canadians seek ways to diversify their portfolios, but it’s a universe that’s complex and filled with numerous, varying types of investments. To invest in private assets, the Canadian Securities Administrators, the overarching body that covers provincial and territorial regulators, said a person must meet minimum requirements of either: alone or with a spouse, owning financial assets that are worth $1 million or more before taxes, minus any liabilities ; alone or with a spouse, owning net assets valued at $5 million minimum ; or having a net income, before taxes, of $200,000 for the past two years, and if including a spouse, the...
But not all alternative investment products are that stringent on liquidity or structured that way. Some asset firms offer evergreen and open-ended funds that allow quarterly redemptions. Even then, it’s not like a public stock where there’s almost a guarantee that you can sell your shares on the open market and will find a buyer, Tyler Meyrick, head of private assets at Purpose, said.
If a venture-capital firm isn’t knocking on your door to invest in their latest fund as a limited partner, there are other avenues. Purpose launched three products in April: a private-equity fund, a private real estate fund and a private-credit fund. The minimum contributions range from $2,500 to $5,000 and redemptions can be made quarterly, but you still need to be an accredited investor.is growing, too, after securities regulators in 2019 altered the rules to permit retail investors access to strategies deployed by institutional investors.