1. Innovative Alternative Investment Funds
September 2018

2. Explanatory notes
Future results will differ from past results. Units of the Rivemont Funds are available under exemptions from the prospectus requirements, pursuant to National Instrument Prospectus and Registration Exemptions, and are available only to qualified investors. This document is not a recommendation nor an investment advice and is presented for information purposes only.
Rivemont Investments : Rivemont Funds

3. Rivemont Investments
Rivemont Investments is a Quebec-based firm founded in 2010 and duly registered with the « Autorité des marchés financiers » in Québec and with authorities in British-Columbia, Alberta and Ontario.
At Rivemont, our objective is to grow the portfolios of our clients by offering performing strategies in all market conditions. To that end, we manage traditional private wealth portfolios as well as three innovative alternative investment funds.
President and Founder: Martin Lalonde, CFA, MBA
Firm assets: $45 million
Our product offering
Rivemont Private Wealth
Rivemont Crypto
Fund
Rivemont
MicroCap
Fund
Rivemont
Absolute Return Fund
Rivemont Investments : Rivemont Funds

4. Our Team Martin Lalonde Jean Lamontagne Keven Perreault
MBA, CFA
President and portfolio manager
Jean Lamontagne
CFA
Vice President, Business Development and Client Servicing
Keven Perreault
Analyst, Investments and Administration
Martin is responsible for the management of the investment strategies of the firm. He has many years of experience in the financial markets and held the position of Senior analyst, investment and mergers and acquisitions for a major Canadian organization.
Master’s degree in Business Administration (MBA) from the University of Ottawa.
Specialization in international trade at l’École supérieure de commerce of Reims, in France.
Chartered Financial Analyst (CFA).
Member of Leaders Club of the Gatineau Chamber of Commerce
Member of the “Table d’action en entrepreneuriat” for the Outaouais region.
Jean is mainly responsible for promoting the strategies of the firm with private clients, brokers, consultants and financial planners. He has more than 30 years of experience in the areas of investment and retirement plans.
Bachelor's degree in actuarial science from Laval University.
Chartered Financial Analyst (CFA).
Previously held the position of Vice President at Triasima Portfolio Management and occupied senior consulting roles at Towers Watson and Towers Perrin.
President of the Board of the “Fondation du Grand séminaire de Montréal”.
Keven assists the portfolio managers in market analysis and in seeking new investment opportunities for the Rivemont Absolute Return Fund and the private wealth mandates. He also assumes responsibilities in portfolio administration and compliance.
BSc in Business Administration with major in Finance from University of Québec
Currently pursues CFA Designation
Rivemont Investments : Rivemont Funds

5. Our Team Sébastien Fillion Philippe Jetté*
National Retail Sales Manager
Philippe Jetté*
Senior Consultant, Rivemont Crypto Fund
Sébastien Fillion is the National Retail Sales Director. In this capacity, he is responsible for establishing relationships with brokers and investment advisors and promoting Rivemont’s alternative investment solutions.
Before joining Rivemont, Mr. Fillion held various positions including investment advisor and representative for investment companies such as Sentry, Desjardins Wealth Management and Excel Funds Management.
Mr. Fillion is a Chartered Financial Analyst candidate and a Fellow of the Canadian Securities Institute candidate.
Philippe is responsible for the analysis of the cryptocurrencies for the Rivemont Crypto Fund. Passionate about emerging technologies, Mr. Jetté has closely followed the development of the blockchain technology and has an in-depth understanding of its many advantages, both as a currency and on the various industries that can be reinvented thanks to this revolution.
Active on the cryptocurrency market since 2013.
Compelling returns.
Advanced expertise in fundamental analysis of cryptocurrencies.
* Rivemont has retained the services of Philippe Jetté to perform the security analysis of the Rivemont Crypto Fund. Philippe is not an employee of Rivemont.
Rivemont Investments : Rivemont Funds

6. Espace MicroCaps* Philippe Bergeron-Bélanger Mathieu Martin
Senior Analyst, Espace MicroCaps
Mathieu Martin
Analyst, Espace MicroCaps
Philippe is responsible for the fundamental analysis and monitoring of portfolio companies as well as looking for new investment opportunities for the Rivemont MicroCap fund.
B.Sc in finance from the University of Sherbrooke
In the process of getting M.Sc Finance from University of Sherbrooke and his CPA-CGA title
Full-time investor since 2014
Appeared in many financial publications such as MoneySense and Les Affaires
Mathieu is responsible for the fundamental analysis and monitoring of portfolio companies as well as looking for new investment opportunities for the Rivemont MicroCap fund.
Full-time investor since 2016
Currently pursues the CFA (Chartered Financial Analyst) designation
Publishes many educational articles on the Espace MicroCaps blog ( in order to democratize the investment in microcaps
* Rivemont has retained the services of Espace MicroCaps to perform the security analysis of the Rivemont MicroCap Fund. Philippe and Mathieu are not employees of Rivemont.
Rivemont Investments : Rivemont Funds

8. Innovative Alternative Investment Funds
CRYPTO FUND
MICROCAP FUND
ABSOLUTE RETURN FUND
First and only actively managed crypto fund in Canada
Value investing in high-quality high-growth companies
Long/short North American equities
Widest selection of cryptocurrencies
Capitalizes in inefficient microcap segment
Historically effective in down markets
Strategies that are uncorrelated with traditional asset classes.
All our funds are RRSP and TFSA eligible and available on Fundserv.
Rivemont Investments : Rivemont Funds

9. Rivemont Crypto Fund
One-pager
Rivemont Investments : Rivemont Funds

10. Rivemont Crypto Fund – What’s in it?
The Rivemont Crypto Fund is currently the Canadian with access to the widest selection of cryptocurrencies. We can currently invest in:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ripple (XRP)
- Ethereum Classic (ETC)
Rivemont Investments : Rivemont Funds

11. Rivemont Crypto Fund – Management Philosophy
Target cryptocurrencies with strong fundamentals with high yield potential.
Combining fundamental analysis with a trend following approach, Fund aims to generate a return higher than the increase in the overall market capitalization of cryptocurrencies.
A rigorous fundamental analysis focusing on cryptocurrencies providing innovative solutions to various industries and which have been developed and are managed by seasoned teams.
A proven trend following approach to limit investor risk without sacrificing yield potential.
Rivemont Investments : Rivemont Funds

12. Rivemont Crypto Fund – Its Benefits
A completely unique type of investment, uncorrelated to traditional asset classes.
High return potential, unparalleled on the stock market, but with also corresponding volatility.
A simplified way to invest in the emerging market of cryptocurrencies with the expertise of seasoned analysts in the field.
We invite you to visit:
Video – BNN Bloomberg, Canada’s Only Actively Managed Crypto Fund is 90% in Cash
Bloomberg, Canada’s Only Actively Managed Crypto Fund is 90% in Cash
Rivemont Investments : Rivemont Funds

13. Rivemont MicroCap Fund
One-pager
Rivemont Investments : Rivemont Funds

14. Microcaps – An inefficient market for the value investor
Microcaps, because of their small size, are structurally inaccessible to professional investors with large amounts of money to invest.
This makes it a perfect hunting ground for smaller investors – this market segment is much less competitive.
A study by Fama and French showed that value investing in microcaps produced the best historical returns from 1926 to 2015 (see chart).
Common risk factors in the returns of stocks and bonds – Eugene F. Fama and Kenneth R. French (1993)
Rivemont Investments : Rivemont Funds

15. Rivemont MicroCap Fund – Investment strategy
Invest in growing companies at a bargain price.
Focus on the margin of safety:
- Positive cash flow or very clear path to it
- Healthy balance sheet
- Long-lived assets and intellectual property
Portfolio concentrated into our best investment ideas:
- 10 to 20 stocks
- Portfolio built patiently over time
- Maximum weighting of 15% at initiation
Rivemont Investments : Rivemont Funds

16. Rivemont MicroCap Fund – Investment strategy
Being opportunistic on illiquid and unknown stocks:
- On the ground research and due diligence
- Initiating positions through private placements
- Contrarian approach
- Investing at the inflection point (profitability / accelerating growth)
Exit during liquidity events:
- Analyst coverage initiation
- Recommendation by an investment newsletter
- Stock gets overvalued
- Buyout
Rivemont Investments : Rivemont Funds

17. Rivemont Absolute Return Fund
One-pager
Rivemont Investments : Rivemont Funds

18. Rivemont Absolute Return Fund – Investment Philosophy
We believe that the stock price does not always reflect its intrinsic value: it is influenced by a number of factors, including several cognitive biases on the part of investors.
It is possible to make investment decisions based on these recurring behaviors. 1
The markets are not efficient. 2
The trend of stock price last longer than we might think. 3 4
It is important to maintain an healthy diversification.
It is essential to pre-establish sound constraints in order to properly manage risk.
Rivemont Investments :: Rivemont Funds

19. Rivemont Absolute Return Fund – Investment Process
At Rivemont, we have developed our own rules with respect to the purchase and sale of securities.
These tools enable us to maintain a strong discipline in our buying and selling decisions and eliminate from our investment process all cognitive and emotional biases. √
Twice a week, visual review of all securities on North American markets with $100,000 of daily volume or more.
Markets Analysis √
Identification of sector with interesting trend, whether bullish or bearish.
Sectors Analysis √
Establishment of sub-lists of securities with established support or resistance level in the pre-identified trending sectors.
Implementation of electronic alerts at pre-established prices.
Discretionary decision of purchase or sale at the alert signal.
Securities Analysis
Rivemont Investments :: Rivemont Funds

20. Rivemont Absolute Return Fund – Why this Strategy ?
The Rivemont Absolute Return Fund contributes in five ways to a diversified portfolio.
Diversification
Low correlation to traditional asset classes.
Negative correlation with S&P/TSX in down markets.
Risk/return Profile
Per its characteristics, enables a portfolio to have a better total return while maintaining the same level of risk.
Absolute Return
The strategy offers a positive return during up and down markets.
The fund behaves particularly well during down markets.
Positive monthly return when the S&P/TSX Composite Index is down.
Flexibility
Dynamic adjustment of the net exposure to the markets based on their attractiveness.
Complementarity
The methodology used is complementary to the one used by most investment managers.
Rivemont Investments :: Rivemont Funds

21. THANK YOU! Contact us: Martin Lalonde 819-246-8800
Jean Lamontagne
Rivemont Investments : Rivemont Funds