Opalesque Industry Update - Agilith Capital Inc. announced that its flagship fund – the Agilith North American Diversified Fund (NAD Fund) - has completed its third year of operations. Launched in October 2007, the Fund has achieved an exceptional three-year return of 47.9%, representing a compound annual return of 13.9% as compared to major North American indices which registered declines between 4% and 20% over the same period.|
The NAD, based on the strength of its performance, was named a winner at the Canadian Hedge Fund Awards in the category of Best 1-Year Return among New Funds. This achievement follows Agilith’s Bronze Medal for Best Hedge Fund Newcomer at the 2009 Canadian Investment Awards Gala.
“We are extremely pleased to be recognized for our outstanding returns to our investors and look forward to continuing to deliver superior performance,” said Mr. Patrick Horan, Portfolio Manager and co-founder of Agilith Capital Inc. “Using our experience and agility to navigate these challenging markets allowed us to capitalize on market volatility. We believe our track record of returns is a direct result of our investment process, which combines our deep understanding of underlying business models with our ability to act quickly on market opportunities.”
The Fund’s core strategy is based on constructing a high conviction portfolio of North American equities, which favours stock picking over indexing. Inherent in the strategy is the belief that exceptional returns are the result of superior business models. With the ability to make quick and decisive investments, the Fund is also designed to capitalize on market opportunities and extremes in investor sentiment. The fund is structured as a long/short Fund with investments in North American publicly traded equities outside of the resource sector. Following this disciplined investment strategy, the Fund has achieved outstanding performance.
Lead portfolio managers, Patrick Horan and Andrea Horan, are industry veterans having a combined 35 years of experience in the capital markets, displaying superior stock picking abilities.
With over 20 years of industry experience, Patrick Horan has built a reputation as a top performing mutual fund and pension fund manager. Prior to co-founding Agilith, he co-managed an equity fund that exceeded $1 billion in assets at Legg Mason Canada.
Prior to helping found Agilith Capital, Andrea Horan was a founding partner and Director of Research at Genuity Capital Markets and Westwind Partners prior to that. She received top rankings in both Brendon Woods and Greenwich institutional investor surveys during her 13 years as a sell-side media analyst. She has used her skills in business analysis and valuation in identifying high growth potential and value opportunities for the Fund.
About Agilith Capital Inc.