Points International Ltd

Pembroke Management manages US and Canadian equity mandates which aims to realize long-term capital appreciation primarily through investment in a portfolio of common shares and other equity securities of predominantly small to medium size capitalization issuers that generally exhibit the potential to achieve above-average long-term earnings or revenue growth. They may also manage portfolios that are North American in scope. Cash reserves of Pembroke's portfolios may sometimes be invested in high-grade short-term interest-bearing securities. The firm does not currently hedge its portfolios against fluctuations in currencies. Pembroke Management's equity mandates are suitable for clients who are seeking long-term growth of their capital. The investment analysis for their equity mandates is based on a bottom-up assessment of company-specific factors. The firm seeks to make investments principally in companies that have the prospect to create wealth over a three to five-year period, the firm will trade securities based on factors such as the market environment, valuation, industry fundamentals, and company-specific developments.

Hillsdale's investment strategies are based on a proprietary investment platform that uses a fundamental-based, multi-factor approach to stock selection and portfolio construction. In addition, they build equity products to 'spec' and provide customized portfolios that meet specific client objectives, such as risk adjusted return, style biases, beta tolerances or drawdown maximums.The Canadian Long/Short Equity Fund (US fund) seeks a rate of return on capital in excess of Canadian equities over a 3-year period with a low correlation to, and volatility equal to or less than, the S&P/TSX Composite Index. It invests in, and sells short, a long portfolio and a short portfolio of securities. At least of 80% of its total assets are invested in a diversified selection of 50 to 200 Canadian corporations trading on major Canadian stock exchanges with at least CDN$100 million market-cap.The Canadian Long/Short Equity Fund seeks to provide investors with a rate of return on capital greater than Canadian equities over a 3-year period with a low correlation to, and volatility equal to or less than, the S&P/TSX Composite Index. The fund invests at least 80% of its total assets in a diversified selection of at least 50 Canadian corporations and trusts trading on major Canadian stock exchanges with a market-cap of at least CAD$50.The Global Long/Short Equity Fund seeks to provide investors with a rate of return on capital in excess of global equities over a 3-year period with a low correlation to, and volatility equal to or less than, the MSCI World Index. The fund invests in a diversified selection of at least 50 corporations and trusts trading on major stock exchanges with market-cap of at least USD$50.The Canadian Core Equity Fund seeks a rate of return on capital greater than the S&P/TSX Composite Total Return Index over a 4-year period managed within a controlled tracking error budget with volatility similar to the market. It invests at least 90% of its assets in a diversified selection of at least 50 corporations and trusts trading on major Canadian stock exchanges.The US Performance Equity Fund seeks a rate of return on capital in excess of, and with volatility equal to or less than, the Russell 2000 Total Return Index. The account invests a minimum of 75% of its assets in a diversified selection of small- to mid-cap US companies trading on major US stock exchanges.The Canadian Performance Equity Fund seeks a rate of return on capital in excess of, and with volatility equal to or less than, the S&P/TSX Small Cap Index. The fund invests at least 75% of the assets in a diversified selection of small-cap Canadian corporations and unit trusts trading on major Canadian exchanges.The Canadian Micro Cap Equity Fund seeks to generate long-term capital growth greater than the S&P/TSX Small Cap Index over 5 years by investing mainly Canadian equities of smaller-cap companies. The funds invest at least of 75% of its assets in a diversified selection of small-cap Canadian corporations and trusts with a market-cap of $25 million to $250 million.The Enhanced Income Equity Fund seeks to generate a stable income stream with the potential for capital gains. The fund invests at least 50% of its assets in equity and equity related securities, investment trusts and limited partnerships of at least 50 issuers listed on major global stock exchanges which have a market-cap of at least CAD$50 million. The fund invests a minimum of 20% of its assets in higher yielding corporate bonds, bank loans, government debt and other fixed income securities, either directly or through the use of ETFs listed on major global stock exchanges. At least 50% of the assets are invested in securities with a minimum dividend or income yield of 4% per annum.

WealthTrust Axiom employs a value-oriented, contrarian and opportunistic investment approach that seeks to identify value and minimize risk by using rigorous and diligent research, often among out-of-favor companies or industry sectors. The firm focuses on fundamentals and absolute value and seeks to be successful over the long-term in both rising and stagnant or declining markets. They determine and implement investment and reinvestment decisions on behalf of their clients through the use of equity, fixed-income and balanced (between equity securities such as stocks and fixed income securities such as municipal or government bonds) portfolios.