Vol. 2026 · The Fund · Cumulative Since Inception
Eight friends.
Eight picks.
One annual dinner.
$1,000 staked at inception on December 31st, 2024 — split evenly across every pick, compounded through 2025, then rolled forward and re-split across the 2026 picks. One equal-weighted basket, tracked live. The year’s winner takes home a steak dinner, bought by everyone else.
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§ 01 How the Fund Stacks Up
The equal-weighted fund measured against the market and against the group itself — cumulative return since inception, in percentage points.
§ 02 The Standings
Each manager's own picks, compounded across both years — $1,000 staked per person at inception. Sorted by cumulative return.
§ 03 The Spread
Cumulative return per manager since inception. Green is glory, red is the long walk to the bar.
§ 04 Versus Benchmarks & Winners
Growth of $1,000 since inception — the fund against the S&P 500, the NASDAQ, and the standout winners, weekly.
Weekly closes, indexed to $1,000 at inception. The Ghosts IG line uses the weekly-basket basis, which differs slightly from the hero’s daily, FX-adjusted figure by design.
§ 05 Hall of Fame
Annual champions, by year. The competition is judged per-year; the fund above is the cumulative story.
§ 06 The Rules
$1,000 is hypothetically deployed at inception, split evenly across every contestant's pick. Year-end, the whole balance rolls forward and re-splits across the new picks.
One stock per contestant. Locked at year-open. No swaps, no second-guessing, no excuses.
Highest percentage return at year-end closing prices wins the year. Ties broken by largest absolute gain.
A steak dinner for the year’s winner, bought by everyone else. Bragging rights included. The winner can never bring it up again. (They will.)
§ 07 Fund Mandate & Terms
The mandate, in the spirit of Canadian fund regulation — and with the seriousness this competition deserves.
The Ghosts Investment Group “fund” is a notional, play-money competition among friends. It is not a registered investment fund, is not offered to the public, holds no assets, and accepts no outside money. The references below are written in the spirit of the framework that governs real Canadian funds; they describe how we pretend to run things, not a regulated offering.
An equal-weighted basket of one pick per member, rebalanced annually at year-end. The fund pursues bragging rights and a single steak dinner; capital preservation is aspirational at best.
Participation is limited to the eight members. In the language of National Instrument 45-106 (Prospectus Exemptions), think of this as a private arrangement among friends rather than a public distribution — no prospectus, no solicitation, no strangers.
Nobody here is registered as a dealer or adviser under National Instrument 31-103 (Registration Requirements), and nobody here should be. Picks are personal opinions shouted in a group chat, not advice.
Real investment funds answer to instruments such as NI 81-102 (Investment Funds). We answer to each other, the leaderboard, and whoever is buying dinner. Valuations are notional and update on a roughly 60-second delay.
Replace this line with any specific terms the group wants on record. None of the above is legal, tax, or investment advice; for an actual fund mandate, talk to a qualified Canadian securities lawyer — which, as the footer notes, we are not.