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Opalesque Industry Update - Picton Mahoney Asset Management has launched a new fund, the Picton Mahoney Fortified Special Situations Alternative Fund. The fund will offer four classes of units: Class A, Class F, Class I and ETF units. The ETF units started trading on the Toronto Stock Exchange on July 19. Class A, F and I units were launched on July 13, 2021 and are offered to the public as conventional mutual fund securities. "We are pleased to announce the launch of our new Picton Mahoney Fortified Special Situations Alternative Fund at a time when Canadians are faced with difficult decisions on how to generate income and capital gains from a long-only fixed income allocation in their portfolios," said David Picton, president, CEO and portfolio manager at Picton Mahoney. "We have been actively managing our Authentic Hedge® special situations strategy for over six years and have been pleased with its past success in providing investors with income and capital gains with better downside risk mitigation. Our new alternative income fund offering provides an opportunity for a broader segment of investors to benefit from our proven experience and results." The Picton Mahoney Fortified Special Situations Alternative Fund incorporates Picton Mahoney's proprietary Fortified Investing™ approach-a proven rules-based technique focused on managing risk by mitigating downside exposure while seeking to build long-term growth, regardless of market conditions.
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Industry Updates
Picton Mahoney launches event-driven credit alternative fund
Tuesday, July 20, 2021
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