North Square

Evanston Multi-Alpha Fund

Closed End Fund

North Square Evanston Multi-Alpha Fund* provides access to an investment strategy modeled after Evanston Capital Management’s $3.7 billion flagship fund. The Fund is a closed-end fund for U.S. accredited investors.

Some features of the North Square Evanston Multi-Alpha Fund include:

  • Utilizes same team, process and risk controls as the flagship fund
  • Immediate access to a seasoned portfolio that seeks to replicate the flagship fund
  • Initial investment of $50,000
  • Issues a Form 1099 vs K-1**
  • Opportunity to invest in hedge funds managed by sophisticated, well known managers

About Evanston Capital

Founded in 2002, Evanston Capital focuses on identifying top-tier investment managers it believes are capable of generating attractive risk-adjusted returns for its  clients. Evanston Capital’s team has extensive experience in manager selection, portfolio construction, operations, and risk management. The firm constructs portfolios of carefully selected and monitored investments that include hedge funds, private equity, venture capital and other niche investment strategies.

*The Fund was formerly known as the “Evanston Alternative Opportunities Fund.” Prior to May 6, 2024 Evanston Capital Management, LLC (“EC”) was the Fund’s investment adviser. Effective as of May 6, 2024, North Square Investments, LLC became the Fund’s investment adviser and retained EC to become the Fund’s sub-adviser and continue managing the Fund’s portfolio.

**A Form 1099 is used to report interest and dividend income (among other items) and generally is a tax information document for only one owner, one person. A Schedule K-1 is a federal tax document used to report the income, losses, and dividends for a business’ or financial entity’s partners or an S corporation’s shareholders. A Schedule K-1 document is prepared for each relevant individual (partner, shareholder, or beneficiary). A partnership then files Form 1065, the partnership tax return that contains the activity on each partner’s K-1. 

The HFRI Fund of Funds Composite Index is an uninvestable, equal-weighted index that includes over 650 constituent hedge fund of funds. These funds invest across a broad range of strategies. The index provides insights into the performance of fund of funds managers, but it cannot be directly invested in.