NinePoints Partners

What NinePoints Partners does

Ninepoint Partners LP is a Toronto-based alternative investment management firm founded in 2017 as a spin-out from Sprott Asset Management, managing approximately $8.2 billion in assets across equity, fixed income, bullion, digital assets, and alternative income strategies. The firm operates a multi-channel distribution platform: ETFs listed on the Toronto Stock Exchange (including the innovative HighShares leveraged single-stock ETFs and CoreShares unleveraged variants covering names such as SpaceX, Nvidia, Tesla, Constellation Software, Celestica, Kinross Gold, and Palantir), traditional mutual fund series distributed through Canadian financial advisors, Flow-Through Limited Partnerships for tax-advantaged resource investing, and institutional separately managed accounts. Revenue is generated through a tiered management fee schedule ranging from 0.14% (Cash Management ETF) to 2.50% (Silver Equities Series A), supplemented by performance fees (e.g., 10% above benchmark on Silver Equities) and option-premium economics embedded in covered-call ETF strategies.

The firm's underlying technology and intellectual property centers on a covered call options strategy applied to single-stock ETFs, with leverage up to 33% of NAV for HighShares products generating monthly cash distributions. The derivative overlay is managed by Colin Watson (Head of Derivatives Strategies, ex-IMCO $26B public equity allocation) and supported by Senior Analyst Zach Chen. Ninepoint's product suite spans cash management, sector equity (energy, silver, precious metals), global macro, digital assets, alternative credit, and the proprietary Canadian Large Cap Leaders Split Corp. (TSX: NPS). Recent 2026 expansion has been aggressive, with nine new single-stock ETFs launched, a sold-out $85 million Flow-Through LP, and migration of six funds to TSX, alongside an OSC-driven risk-rating refiling for five HighShares ETFs in June 2026.

Geographically, Ninepoint operates exclusively in Canada and is restricted from US distribution; the firm serves Canadian retail investors (through 13 online brokerages and financial advisors), high-net-worth individuals and family offices, and institutional investors including pension funds and endowments. The firm is led by co-CEOs James Fox and John Wilson (former CEO/Co-CIO of Sprott Asset Management), with senior portfolio managers Eric Nuttall (energy), Mark Wisniewski (fixed income), and Nawojka Wachowiak (silver/precious metals).

Name

NinePoints Partners

Legal name

Ninepoint Partners LP

Website

https://ninepoint.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Ninepoint Partners LP is a Toronto-based alternative investment manager founded in 2017, managing approximately $8.2 billion across ETFs, mutual funds, Flow-Through LPs, and bullion strategies for Canadian retail, HNW, and institutional investors, with a growing single-stock covered-call ETF franchise.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

akta.pro secondary industries

Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access) (FSAGAEAL), Execution-Only / Self-Directed Investing Platforms (FSAAAAAI), Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Alternative investment management
• Covered call ETFs
• Single-stock ETFs
• Flow-through limited partnerships
• Mutual fund management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Management Fees: Ninepoint charges management fees ranging from 0.14% to 2.50% depending on fund series and type. ETF management fees are typically 0.29%, while mutual fund Series A fees can reach 1.95% to 2.50%. The SpaceX HighShares ETF offered 0% management fee promotional pricing until September 30, 2026.
2. Performance Fees: Certain funds charge performance fees, such as the Silver Equities Fund which levies 10% of returns exceeding the MSCI ACWI Select Silver Miners IMI Net Return index, creating aligned incentives between manager and investors.
3. ETF Distribution Fees: ETFs generate income through covered call option premiums which contribute to monthly distributions to unitholders, with the fund retaining a portion through management fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ninepoint Partners LP is a Canadian alternative investment management firm that designs, manages, and distributes actively managed investment funds including single-stock covered call ETFs (HighShares and CoreShares families), sector and thematic mutual funds, fixed income, bullion, digital asset, and alternative credit products, as well as tax-advantaged flow-through limited partnerships. The firm invests across approximately $8.2 billion in AUM and distributes products primarily through the Toronto Stock Exchange, online brokerages, and a national network of financial advisors.

Product overview

Ninepoint Partners is a Canadian alternative investment management firm offering a diverse portfolio of investment products. The product suite includes money market funds (Ninepoint Cash Management Fund), equity funds across sectors (Silver Equities Fund, Energy Fund), balanced funds (Balanced+ Fund), fixed income products (Diversified Bond Fund), precious metals exposure (Gold and Silver Bullion Funds), digital asset strategies, alternative income solutions, and flow-through limited partnerships for tax-advantaged investing. The firm has recently expanded into single-stock ETFs through the Ninepoint HighShares (leveraged) and CoreShares (unlevered) ETF families, which use covered call options strategies to generate enhanced monthly income from individual stock holdings. The flagship ETFs include the SpaceX HighShares ETF (SXHI), Constellation Software CoreShares ETF (CSUC), and various US and Canadian single-stock covered call products.

Differentiator

Problem solved

Functional benefit

Brands

• Ninepoint HighShares ETFs: Single-stock ETFs offering leveraged exposure to individual US and Canadian companies through covered call strategies
• Ninepoint CoreShares ETFs
• Ninepoint SpaceX HighShares ETF

Products and services

• Ninepoint Cash Management Fund A money market fund offering daily liquidity and competitive yields, investing in high-quality money market securities and high-interest savings accounts of Canadian Schedule I banks; available in multiple series including ETF Series (ticker NSAV) on TSX. For retail and institutional investors seeking capital preservation and short-term yield.
• Ninepoint Silver Equities Fund Actively managed fund investing primarily in equity securities of silver exploration, mining, production, and distribution companies, as well as physical silver and silver certificates, using a covered call options overlay to generate monthly cash distributions. For investors seeking leveraged exposure to silver equities with monthly income.
• Ninepoint Balanced+ Fund Multi-strategy balanced fund combining distinctive alternative equity and fixed income strategies, actively managed with tactical allocation adjustments across asset classes to navigate market cycles and protect against inflation. For investors seeking diversified balanced exposure with alternative tilts.
• Ninepoint HighShares ETFs (family) Family of leveraged single-stock covered call ETFs providing enhanced monthly income from individual US and Canadian stock exposures through covered call option writing and modest leverage. Includes both HighShares (levered) and CoreShares (unlevered) variants. For investors seeking single-stock exposure with monthly income generation.
• Ninepoint Constellation Software CoreShares ETF (CSUC) Unleveraged single-stock ETF holding exclusively Constellation Software Inc. (TSX: CSU) shares using covered call options strategy and modest leverage to produce higher monthly income. 0.29% management fee with monthly distributions. For investors seeking accessible fractional exposure to high-priced Canadian equities.
• Ninepoint SpaceX HighShares ETF (SXHI) Leveraged single-stock ETF providing Canadian investors with levered exposure to SpaceX Class A common stock through a covered call strategy, using cash borrowing up to 33% of NAV. 0% management fee until September 30, 2026, then 0.29%. For growth-oriented investors seeking levered exposure with monthly income.
• Ninepoint Global Macro Fund Global macro strategy fund offering exposure across global equity, fixed income, and alternative asset classes. For investors seeking diversified global multi-asset exposure.
• Ninepoint Global Select Fund Actively managed global equity fund investing in a concentrated portfolio of companies worldwide to seek global growth opportunities. For investors seeking actively managed global equity exposure.
• Ninepoint Alternative Credit Opportunities Fund Alternative income fund providing exposure to credit opportunities outside traditional fixed income markets. For investors seeking yield and diversification beyond conventional fixed income.
• Ninepoint 2026 Flow-Through Limited Partnership Resource sector flow-through limited partnership offering approximately 100% tax deduction on invested amount for Canadian investors; invests in flow-through shares of resource issuers for capital appreciation and tax benefits; rollover available to Ninepoint Resource Fund in early 2028. Minimum subscription $2,500. For high-income Canadian investors seeking tax-advantaged resource exposure.
• Canadian Large Cap Leaders Split Corp. (NPS) Toronto-based split share corporation listed on TSX offering Class A shares (targeting 14% annual yield) and Preferred shares (targeting 7% annual yield); invests in a portfolio of Canadian dividend-growing companies with minimum $10 billion market cap. Managed by Ninepoint Partners. For income-oriented investors seeking enhanced yield from Canadian large caps.
• Ninepoint Bullion Funds (Gold Bullion Fund and Silver Bullion Fund) Precious metals funds including Gold Bullion Fund and Silver Bullion Fund providing direct exposure to physical gold and silver holdings. For investors seeking direct precious metals exposure.
• Ninepoint Digital Assets Strategies Digital asset investment strategies providing exposure to cryptocurrency and blockchain-related investments. For investors seeking exposure to digital assets within a regulated fund structure.
• Ninepoint Energy Fund Actively managed energy sector equity fund providing exposure to energy companies including oil and gas producers, infrastructure, and service companies. For investors seeking Canadian energy equity exposure.
• Ninepoint Diversified Bond Fund Fixed income mutual fund providing diversified exposure across investment grade bonds, high yield, and other fixed income securities. For investors seeking diversified fixed income exposure.

Quantifiable outcome

• Ninepoint Cash Management Fund ranked 1st decile of 222 Canadian Money Market funds over 1 year and 1st decile of 194 funds over 3 years (Morningstar, April 2026)
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Toronto Stock Exchange (TSX)coreChannel Partner/ Reseller/ Distributor · 17 June 2026Ninepoint's ETFs are listed and trade on the Toronto Stock Exchange, with the TSX providing conditional approval for listings including the new SpaceX HighShares ETF and migration of six funds from Cboe Canada.
• Ontario Securities CommissionminorOthers · 11 June 2026The Ontario Securities Commission conducted a continuous disclosure review resulting in Ninepoint refiling Annual Management Reports of Fund Performance for five HighShares ETFs, correcting risk ratings from 'Medium' to 'Medium to High'.
• National Bank Financial Inc.coreChannel Partner/ Reseller/ Distributor · 29 May 2026National Bank Financial Inc. serves as the underwriter for Canadian Large Cap Leaders Split Corp.'s at-the-market equity distribution program, authorized to issue up to $100 million in preferred shares and up to $100 million in Class A shares.
• RBC Dominion Securities Inc.coreChannel Partner/ Reseller/ Distributor · 26 February 2026RBC Dominion Securities Inc. serves as the lead agent for Ninepoint's flow-through limited partnership offerings. The firm led the syndicate of 15 financial institutions across Canada for the 2026 Flow-Through LP, which raised $81.25 million at first closing and ultimately $85 million total.
• Canadian Large Cap Leaders Split Corp.coreStrategic or Co-development PartnerNinepoint Partners LP serves as the Manager, Portfolio Manager, and Promoter of Canadian Large Cap Leaders Split Corp. (ticker NPS on TSX), a split-share corporation offering preferred shares targeting 7% annual yield and Class A shares targeting 14% annual yield based on closing prices.
• Ernst & Young LLPminorOthersErnst & Young LLP serves as the auditor for Canadian Reporting Issuer investment funds managed by Ninepoint Partners. For the year ended December 31, 2024, fees paid to EY and its network firms for audit services were $473,000, with additional $67,000 for other services primarily translation and comfort letters.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• iShares by BlackRock (Canada): iShares by BlackRock is the world's largest ETF provider offering Canadian-listed products including alternative and thematic ETFs. Comparable as broad incumbent with massive scale advantage competing across all of Ninepoint's product categories.
• BMO Global Asset Management: BMO GAM is one of Canada's largest asset managers offering broad mutual fund and ETF lineup including alternative strategies. Comparable as broad incumbent serving similar advisor and retail channels with greater scale and resources.
• CI Global Asset Management: CI Global is one of Canada's largest investment management companies offering mutual funds, ETFs, and alternative strategies. Comparable as broad incumbent serving Canadian retail investors through advisor channels with similar product breadth.
• Mackenzie Investments: Mackenzie is a major Canadian asset manager offering diversified mutual funds and ETFs across traditional and alternative strategies. Comparable as broad incumbent competing for advisor-sold fund mandates with established distribution.
• Dynamic Funds: Dynamic Funds is a Canadian asset manager with active equity, fixed income, and specialty strategies including metals and mining. Comparable given Ninepoint's silver fund lead PM previously worked at Dynamic Funds in metals and mining.
• Fidelity Investments Canada: Fidelity Canada is a major asset manager offering broad mutual fund and ETF products including alternative strategies. Comparable as broad incumbent serving retail and institutional Canadian investors with significant distribution scale.

Direct peers

• Sprott Asset Management: Sprott is a Toronto-based alternative asset manager with deep focus on precious metals, energy, and resource investments through ETFs and mutual funds. Most directly comparable as Ninepoint's predecessor firm (spun out in 2017) with similar product philosophy and target customer base.
• Purpose Investments: Purpose Investments is a Canadian alternative asset manager offering covered call strategies, Bitcoin ETFs, and thematic products. Directly comparable for covered call yield strategies and alternative investment product innovation in the Canadian retail market.
• Evolve Funds Group: Evolve is a Canadian ETF provider specializing in thematic, covered call, and innovation-focused products. Comparable for product structure (ETF-focused) and alternative/thematic investment strategies targeting Canadian retail investors.
• Horizons ETF Management: Horizons is a leading Canadian covered call ETF provider offering single-stock and income strategies. Directly comparable as pioneer in Canadian covered call ETF products and competitor in covered call single-stock ETFs like HighShares.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ninepoint
• YouTubeyoutube.com/channel/UCBdIJK__Q05covOSZJo0wAA
• LinkedInlinkedin.com/company/11282126
• Instagraminstagram.com/ninepointpartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NinePoints Partners