Our Structure

Tutuila is committed to providing its clients with confidence in the management and custodianship of their assets.

Tutuila Global Fund LP’s assets are held by BMO Nesbitt Burns Inc. who acts as the fund’s custodian and prime broker.

SGGG Fund Services Inc. serves as the fund’s independent administrator and provides the following services: calculating the quarterly Net Asset Value of the fund’s units, generating the fund’s financial statements, producing client tax slips, and creating and delivering quarterly account statements.

RSM Canada LLP serves as the fund’s independent auditor and is responsible for auditing the fund’s annual financial statements, which are in turn delivered to clients. RSM Canada LLP also serves as auditor for the LP’s Portfolio Manager: Tutuila Asset Management Inc.

Tutuila Asset Management Inc. is registered with the Ontario Securities Commission as Investment Fund Manager, Portfolio Manager, and Exempt Market Dealer, and is registered with the Nova Scotia Securities Commission as Exempt Market Dealer. Tutuila proactively works with Comarm Solutions Inc. in developing its compliance program and policies, and staying up to date on regulatory obligations.

Overview of Tutuila Global Fund LP

The Tutuila Global Fund LP is a concentrated portfolio of approximately 8-15 attractively priced companies that meet our investment criteria. By focusing on our best ideas (primarily non-Canadian companies) and having a management expense ratio lower than most actively managed investment funds, we can help long-term investors add a unique product to their diversified portfolios.

  • Performance goals over the long-term (5+ years) are to:

  1. Preserve capital against permanent loss and inflation

  2. Outperform the S&P 500 and S&P/TSX Composite total return indices over full market cycles (up and down markets)

  3. Invest with a focus on after-tax returns

  • For Canadian accredited investors or corporations

  • Limited Partnership launched March 1, 2011 (not RRSP eligible)

  • Fund portfolio managed by Tutuila Asset Management Inc.

  • May be suitable for investors looking to increase their non-Canadian equity exposure with an anticipated 5+ year time horizon

  • Management Fee = 1.0% per annum + HST

  • MER of 1.22% in 2023 (MER is tax deductible)

  • No Performance Fees

  • Early redemption fee of 2% paid to the partnership (not the manager) if units are sold within the first two years

  • Subscriptions and Redemptions available on a quarterly basis

  • No distributions

  • LP’s taxes flow through to partners