Picton Mahoney Launches New Long/Short Alternative Fund
Toronto-based investment manager Picton Mahoney Asset Management has launched a new long short alternative fund. The Picton Mahoney Fortified Long Short Alternative 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 Canadian 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 rules-based technique focused on managing risk by mitigating downside exposure while seeking to build long-term growth, regardless of market conditions.
"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," added Picton.
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