The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 1 hour ago
Jun 6 2008 | 10:30am ET
Long only asset management firm Acuity Funds is making a break for the alternatives space… sort of. The firm has launched the Acuity Pooled 130/30 Fund, which it hopes will help investors maximize return potential in up markets and protect assets in down markets.
“We want to help investors diversify not only by asset class, sector and region, but also by removing the biggest constraint that most portfolio managers have, which is an inability to add value in names that they don’t like,” said Hugh McCauley, managing director and lead portfolio manager.
Stephen Crawford, senior vice president, added that the risk/return advantages of 130/30 strategies have made this strategy popular among large institutional investors.
Founded in 1990, Toronto-based Acuity Investment Management manages approximately C$9.2 billion in assets on behalf of Acuity Mutual Funds, Acuity SRI Funds, Acuity Pooled Funds, Acuity Alpha Managed Portfolios and other products.