Tera Capital Corporation

October 25, 2005 10:47 ET

Tera Capital Teams With Red Barn Capital To Launch Tera Public Venture Trusts

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) -

Respected industry professionals Howard Sutton, P. Eng., MBA, CFA and Lyle Stein, CFA, partner to offer investors a product unique to Canada.

While hard assets such as real estate and oil have performed exceedingly well as of late, investors are looking for high-performance alternatives to diversify gains. The Tera Public Venture Trust was created to fit that niche. Focusing primarily on public, small capitalization (under $100 million market cap) securities, the managers of the Trust (Howard Sutton and Lyle Stein), have concentrated their combined 50 years of investment expertise into an investment product that is unique in Canada.

"The approach of the fund is simple. We'll look for companies with return potential of 400% or more; make sure management, director and shareholder interests are aligned and concentrate holdings. We'll be closing it at $50 million and then grow by performance, not by new sales. That's the best way to reward the initial investors", states Mr. Sutton. "We created this fund for investors seeking high returns who are willing and able to take higher risks in order to achieve those returns. There aren't many alternatives for investors seeking 20% plus returns", adds Lyle Stein.

Howard Sutton has over 24 years of experience in the industry, holding senior level positions in technology companies and in investment banking. Since founding Tera Capital Inc. a number of funds under his management have performed well including the Tera Global Tech Fund, which as of September 30, 2005 posted 1 yr. returns of 119.3% and 3 yr. returns of 41%.

Lyle Stein has been in the investment business for over 26 years. Prior to founding Red Barn Capital Inc., he held various industry positions with some of Canada's largest investment management companies. He was voted Canada's #1 Portfolio Strategist in a survey by buy-side managers and has received numerous awards as a top performing mutual fund manager. Mr. Stein has broad industry expertise in areas such as mining, chemicals, transportation, technology, utilities, and communications.

"This product is unique", states Mr. Stein. "Howard and I will be looking across all sectors in the small cap universe." According to Mr. Sutton, "Lyle and I have very complimentary styles and our experience of knowing when to sell to keep gains and limit losses adds significant value."

The Tera Public Venture Trust offers two alternatives ... a pure version and a protected version, which provides the return of 110% of the investor's principal if held to maturity.

"Howard and I have had some real winners in this segment over the past two years", says Mr. Stein. "We're very excited to bring this opportunity to investors", he added.

Contact Information

  • Tera Capital Corporation
    Howard Sutton
    (416) 368-8372
    Tera Capital Corporation
    Lyle Stein
    1-866-440-2276 or (416) 703-6381