Toronto-based Picton Mahoney Asset Management has added three alternative funds to its Fortified Fund family, the asset manager announced Friday.
The Fortified Alternative Funds will give retail investors access to “the sophisticated hedging techniques and alternative investing strategies that Picton Mahoney has been offering since 2004,” the company says in a news release.
“Today is an extremely exciting day for Picton Mahoney. We think the timing is excellent to be able to provide Canadian retail investors with more tools to better position their portfolios against the emerging headwinds of tomorrow’s markets,” David Picton, president and chief executive officer, says in a statement. “We are pleased to expand our family of Fortified Funds to offer new alternative fund strategies that are designed to help investors reach their long-term goals with less risk and more certainty.”
The three new alternative funds are:
> Picton Mahoney Fortified Active Extension Alternative Fund, designed to provide long-term capital appreciation and style diversification for equity portfolios;
> Picton Mahoney Fortified Market Neutral Alternative Fund, designed to provide consistent long-term capital appreciation and an attractive risk-adjusted rate of return, with less volatility and low correlation to traditional equity markets; and
> Picton Mahoney Fortified Multi-Strategy Alternative Fund, designed to provide consistent capital appreciation with an attractive risk-adjusted rate of return, with low correlation to traditional balanced or diversified strategies.
The funds incorporate Picton Mahoney’s proprietary fortified investing method, the firm says. fortified investing is “a rules-based technique focused on managing risk by mitigating downside exposure while seeking to build long-term wealth, regardless of market conditions.”