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Addition of new, timely fund makes Picton
Mahoney's Fortified Alternative Fund family the largest
offering1 of liquid alternatives in Canada
TORONTO, July 15, 2020 /CNW/ - Picton Mahoney Asset
Management ("Picton Mahoney") today announces the launch of the new
Picton Mahoney Fortified Long Short Alternative Fund. The fund will
offer four classes of units, Class A, Class F, Class I and ETF
units. The ETF units will commence trading on the Toronto Stock
Exchange today (ticker symbol PFLS). Class A, F and I units were
launched on July 7, 2020 and are
offered to the public as conventional mutual fund securities.
"We are pleased to announce the launch of our new Picton
Mahoney Fortified Long Short Alternative Fund at a pivotal moment
for many Canadian investors seeking to manage volatility and
mitigate downside risk. We have been actively managing our
Authentic Hedge® long short strategy for over 14 years and have
achieved our objectives of providing investors with equity market
like returns with better downside risk mitigation. Our new
alternative fund offering now allows a much broader segment of
Canadian investors to benefit from our proven experience and
results" said David Picton,
President, CEO and Portfolio Manager at Picton Mahoney.
The Fortified Alternative Funds incorporates Picton
Mahoney's proprietary Fortified Investing™ approach—a proven
rules-based technique focused on managing risk by mitigating
downside exposure while seeking to build long-term growth,
regardless of market conditions.
|
Fund
Name
|
What the Fund
offers
|
ETF Class
Ticker
|
Class A Fund
Code
|
Class F Fund
Code
|
|
Picton Mahoney
Fortified Long Short Alternative Fund
|
The Fund's investment
objective is to provide consistent long-term capital appreciation
with an attractive risk-adjusted rate of return by investing in
long and short securities. To achieve its objective, the Fund aims
for less net equity market exposure through the use of short
positions as compared to a long-only equity strategy and is
designed to dampen volatility and mitigate downside risk relative
to typical long-only portfolios heavily exposed to broad market
movements.
|
PFLS
|
PIC 3200
|
PIC 3201
|
"In the current unpredictable environment, investors are
understandably concerned about equity market volatility. Our new
fund aims to offer a more comfortable investment experience,
helping Canadians stay invested and on track in meeting their
financial goals with greater certainty," said David Picton, President, CEO and Portfolio
Manager at Picton Mahoney. "At Picton Mahoney, we are proud to
offer Canada's largest selection
of liquid alternative funds to meet investors' needs."
To learn more about Picton Mahoney's full suite of funds, visit
www.pictonmahoney.com.
About Picton Mahoney
Picton Mahoney Asset
Management specializes in differentiated investment solutions and
rules-based volatility management. Picton Mahoney helps its
clients fortify their portfolios based on experience honed over the
years through different market cycles and investing
environments.
Founded in 2004 and 100% employee owned, Picton Mahoney is a
portfolio management boutique entrusted with over $7.4
billion (as at June 30, 2020) in assets under management.
Pioneers of Authentic Hedge® investment
principles and practices in Canada, the firm offers a full
suite of investment solutions, including mutual and alternative
funds, to institutional and retail investors across the
country.
1Based on the number of liquid alternative mutual
funds offered in Canada within a
single fund family as at July 15,
2020
Commissions, trailing commissions, management fees, performance
fees and expenses all may be associated with mutual fund
investments. Please read the prospectus before investing. Mutual
funds are not guaranteed, their values change frequently, and past
performance may not be repeated. Alternative funds can only be
purchased through an IIROC-registered dealer and are available only
in those jurisdictions where they may be lawfully offered for
sale.
SOURCE Picton Mahoney Asset Management