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Laxman Pai, Opalesque Asia:

Toronto-based Picton Mahoney Asset Management has added three alternative funds to its Fortified Fund family, the asset manager said in a press release.

The new products offer additional access to hedging techniques and alternative-investing strategies that the firm has been offering since 2004, said the firm with AuM of $6.7 billion.

The release quoted David Picton, President and Chief Executive Officer, Picton Mahoney as saying: "We think the timing is excellent to be able to provide investors with more tools to better position their portfolios against the emerging headwinds of tomorrow's markets."

He added: "We are pleased to expand our family of Fortified Funds to offer new alternative fund strategies that are designed to help investors reach their long-term goals with less risk and more certainty."

The three new alternative funds are:

- Picton Mahoney Fortified Active Extension Alternative Fund, designed to provide long-term capital appreciation and style diversification for equity portfolios.

- Picton Mahoney Fortified Market Neutral Alternative Fund, designed to provide consistent long-term capital appreciation and an attractive risk-adjusted rate of return, with less volatility and low correlation to traditional equity markets.

- Picton Mahoney Fortified Multi-Strategy Alternative Fund, designed to provide consistent capital appreciation with an attractive risk-adjusted rate of return, wi......................

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