Portfolio

Our portfolio consists of the equity of publicly traded companies and has been constructed to preserve capital while at the same time providing long term capital growth. For those clients that require a regular income stream, we offer classes of 'distribution' units that are invested in the same portfolio. These units can be used to assist with liability planning while at the same time providing clients with long term capital appreciation.

In terms of structure, we currently manage two funds - Turtle Creek Equity Fund and Turtle Creek Investment Fund - as one pool of capital. We maintain an almost identical portfolio between the two funds, with the exception of Turtle Creek Investment Fund's private company investments (which comprise approximately 10% of assets). Turtle Creek Investment Fund is closed to new investors.

Our custodian/prime broker is Scotia Capital, our legal counsel is Borden, Ladner and Gervais, and our auditor is KPMG.