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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...