Tuesday, 30 September 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.