Monday, 30 March 2015
Last updated 6 hours ago
Sep 7 2007 | 10:04am ET
Toronto-based Picton Mahoney Asset Management is closing its Picton Mahoney Market Neutral Equity Fund to new investments. The firm is closing the fund on or before Sept. 28 because “of the strong level of capital inflows into the fund,” and in keeping with its practice of “providing authentic, nimble hedge fund solutions with limited capacity.”
The fund launched at the end of 2005 and, since inception, has generated positive monthly performance 95% of the time with a beta of 0.17 as of the end of August, according to the firm. Through August, the fund is up 9.47% in 2007.
“In late 2005, we introduced our first hedge fund solutions to help Canadian investors strengthen their investment portfolios,” said David Picton, president and portfolio manager of Picton Mahoney. “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 as it nears C$150 million (US$142.4 million) in sales is evidence of our commitment to our founding principles of authenticity and limited capacity.”
Picton Mahoney currently manages over C$4.5 billion (US$4.3 billion) in assets through its hedge funds, institutional long-only mandates and retail mutual fund sub-advisory services.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…