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Alternative Market Briefing

Picton Mahoney Asset Management acquires two hedge funds from Vertex One

Tuesday, August 27, 2019

Laxman Pai, Opalesque Asia:

Canadian financial institution Picton Mahoney Asset Management is all set to acquire the Vertex One Asset Management's investment fund management contracts for the five hedge funds and alternative mutual funds listed below, with approximately $380m in assets.

The hedge funds - Vertex Arbitrage Fund and Vertex Arbitrage Fund Plus - are offered privately according to prospectus exemptions.

The Vertex Liquid Alternative Fund, Vertex Liquid Alternative Fund Plus, and Vertex Bond Alpha Fund, are offered publicly according to a simplified prospectus for alternative mutual funds dated January 11, 2019.

The Funds will continue to be managed by Craig Chilton and Tom Savage, the current portfolio managers of the Funds, who intend to join Picton Mahoney upon the closing of the proposed transaction.

David Picton, President, CEO & Portfolio Manager at Picton Mahoney said: "We believe Canadian investors should have a full range of investment solutions that can help fortify their investment portfolio. The addition of these Vertex One Funds will offer more choice and access to solutions, consistent with our philosophy of helping investors meet their long-term goals with more certainty."

"We look forward to joining the Picton Mahoney organization. This transaction represents an incredible opportunity for Canadian investors looking for investment solutions that focus on risk management," said Tom Savage, Portfolio Manager, Vertex One.......................

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