Mondiale Asset Management (MAM) acts as portfolio manager for the Horizons Mondiale Hedge Fund, an RRSP-eligible fund available in all provinces except Quebec. The primary investment objective of the fund is to achieve equity-level returns with bond-like volatility and low-correlation to other investments. As part of a conventional investment portfolio, the firm may seek to preserve capital in declining markets, reduce overall volatility and provide consistent diversification. The portfolio consists of a mix of potential equity and currency positions, each of which may be long, short or neutral depending on MAM's systematic process of reacting to developing and fading trends. No leverage is employed, and the portfolio often has substantial cash positions. The portfolio is hedged against US dollar currency moves with respect to the Canadian dollar, resulting in a Canadian dollar return stream that directly tracks the systematic returns from MAM's trend-following strategies irrespective of their international focus