Liquid Alternatives: Picton Mahoney Launches Liquid Alternative Fund In Mutual Fund And ETF Formats

May 16, 2022 | Liquid Alternatives, News
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The ETF is intended to help Canadian investors manage rising interest rates, inflation and equity market volatility.

Picton Mahoney Asset Management launched the new Picton Mahoney Fortified Alpha Alternative Fund earlier this month. A liquid alternative fund, it is available in five classes of units, namely, Class A, Class F, Class FT, Class I and ETF units, and aims to provide consistent long-term capital appreciation to unitholders with an attractive risk-adjusted rate of return. (BusinessWire)

The Class A, Class F, Class FT, Class I are mutual funds, while the ETF units commenced trading on the Toronto Stock Exchange on May 9.

Picton Mahoney Fortified Alpha Alternative Fund

Over the past 30 years, traditional investments in equity and fixed income markets have served investors well,” said David Picton, President and CEO, Picton Mahoney. “Going forward, however, we believe that these investments will likely generate lower returns than investors have come to expect given the ‘pull forward’ of returns over the past few years along with the need for central bankers to remove excess accommodation from the financial system.”

“Our latest alternative fund offering is designed for investors who are seeking an investment that will diversify more traditional stock and bond portfolios,” added Picton. “It provides exposure to equity market neutral, special situations in the credit markets and merger arbitrage strategies in a capital-efficient manner. The fund aims to generate uncorrelated returns that can also compete with returns available in equity markets.”

Furthermore, the fund is also geared to minimize downside exposure while at the same time pursuing long-term growth regardless of market conditions through the use of Picton Mahoney’s patented Fortified Investing approach, which is a rules-based methodology to risk management.

Related Story: Picton Mahoney Launches New Long Short Alternative Fund

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