Picton Mahoney Asset Management announced July 15 the launch of the 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 trade on the Toronto Stock Exchange under ticker symbol PFLS. Class A, F and I units were launched on July 7 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,” said David Picton, President, CEO and Portfolio Manager at Picton Mahoney. “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," he added.
