Brigata raises MER cap, cuts trailer

Brigata Capital Management has adjusted the level of operating expenses of the Brigata Funds that will be absorbed by the firm, shifting up to an additional 10 basis points onto the investor.

Commencing with the 2011 financial year, Brigata will cap the MER for each fund at 2.50% for series A (the previous cap had been 2.40%) and 1.55% for series F (up from 1.45%), plus HST.

The firm warned that it may stop absorbing operating expense at any time in its discretion.

Brigata also announced that it was reducing the trailer on Series A units held in dealer client accounts to 0.90% per annum.

The Ottawa-based firm currently manages two mutual funds, the Brigata Canadian Equity Fund and the Brigata Canadian Balanced Fund.

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