The new fund makes Picton Mahoney’s Fortified Alternative Fund family the largest offering of liquid alternatives in Canada.

Canadian asset manager Picton Mahoney Asset Management has launched a new alternative investment fund that protects investors from the risks to the downside from equities. The fund is available in the versions of mutual funds and ETF. The Picton Mahoney Fortified Long Short Alternative Fund will use short positions to achieve risk mitigation. (Yahoo Finance)

Picton Mahoney Fortified Long Short Alternative Fund (TSE: PFLS)

The ETF version of the fund commenced trading on the Toronto Stock Exchange on Wednesday. It trades under the ticker symbol of PFLS.

It is a member of the Fortified Alternative Funds family. Accordingly, it will benefit from Picton Mahoney’s proprietary Fortified Investing methodology. It’s a rules-based technique focused on managing risk by mitigating downside exposure. At the same time, it seeks to build long-term growth, regardless of market conditions.

“We have been actively managing our Authentic Hedge long-short strategy for over 14 years and have achieved our objectives of providing investors with equity market-like returns with better downside risk mitigation,” said David Picton, President, CEO and Portfolio Manager.

“Our new alternative fund offering now allows a much broader segment of Canadian investors to benefit from our proven experience and results”

He said the addition of the fund was timely given the current uncertain environment and investors’ worries about equity market volatility.

“At Picton Mahoney, we are proud to offer Canada’s largest selection of liquid alternative funds to meet investors’ needs,” he added.

Risk and fees

The fund has a low-to-medium risk rating. The fund charges a 0.95% fee. The portfolio team comprises David Picton, Jeffrey Bradacs, Michael Kimmel, and Michael Kuan.

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