Friday, 29 May 2015
Last updated 6 hours ago
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."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…