Picton Mahoney To Close Hedge Fund To New Investors

Apr 5 2011 | 9:52am ET

Canada's Picton Mahoney Asset Management will close its Market Neutral Equity Fund at the end of the month, the firm said.

Picton Mahoney cited "the strong level of capital inflows into the fund" for the decision to close the five-year-old fund to new investors on April 30.

"In late 2005, we introduced our first hedge fund solutions to help Canadian investors strengthen their investment portfolios. We felt that there weren’t enough authentic hedge funds in Canada that focused on generating solid investment results with low correlation to the performance of the overall stock market,” said David Picton, president. “At that time, we promised our clients we would monitor the capacity of our funds to ensure they remained nimble enough for us to meet their investment objectives. Our decision to cap the Market Neutral Fund is evidence of our commitment to our founding principles of authenticity and limited capacity."


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of