TORONTO--(BUSINESS WIRE)--Picton Mahoney Asset Management (“Picton Mahoney”) today announced the launch of the new Picton Mahoney Fortified Alpha Alternative Fund (the “Alpha Alternative Fund”). The fund will offer five classes of units: Class A, Class F, Class FT, Class I and ETF units. The ETF units will commence trading on the Toronto Stock Exchange today (ticker symbol PFAA). Class A, F, FT and I units of the fund launched on May 3, 2022 and are offered to the public as conventional mutual fund securities.
“Over the past 30 years, traditional investments in equity and fixed income markets have served investors well,” said David Picton, President and CEO, Picton Mahoney. "Going forward, however, we believe that these investments will likely generate lower returns than investors have come to expect given the 'pull forward' of returns over the past few years along with the need for central bankers to remove excess accommodation from the financial system.”
The Picton Mahoney Fortified Alpha Alternative Fund is a liquid alternative fund whose objective is to provide consistent long-term capital appreciation to unitholders with an attractive risk-adjusted rate of return. The Alpha Alternative Fund 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.
“Our latest alternative fund offering is designed for investors who are seeking an investment that will diversify more traditional stock and bond portfolios,” said Picton. “It provides exposure to equity market neutral, special situations in the credit markets and merger arbitrage strategies in a capital-efficient manner. The fund aims to generate uncorrelated returns that can also compete with returns available in equity markets.”
Fund Name |
Investment Objective |
ETF Class Ticker |
Class A Fund Code |
Class F Fund Code |
Class FT Fund Code |
Picton Mahoney Fortified Alpha Alternative Fund |
The investment objective of the Picton Mahoney Fortified Alpha Alternative Fund is to provide consistent long-term capital appreciation to unitholders with an attractive risk-adjusted rate of return. |
PFAA |
PIC 3350 |
PIC 3351 |
PIC 3353 |
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 CAD $9.5 billion (as at April 30, 2022) 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.
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 mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.
