Picton Mahoney sets closing date for hedge fund

Picton Mahoney Asset Management today announced that the Picton Mahoney Market Neutral Equity Fund Class A and Class F will be closed to new investments on April 30, 2011. The last date for subscription is April 29, 2011. This decision was made in light of the strong level of capital inflows into the fund and is in keeping with Picton Mahoney’s commitment to providing authentic hedge fund solutions with limited capacity.

The Fund was introduced in December 2005 to offer Canadian investors attractive risk-adjusted returns with low correlation to major stock market indices. Since inception, the Fund has delivered on both objectives: as at March 31, 2011, the Picton Mahoney Market Neutral Fund has performed Independently of the Canadian market, generating positive monthly performance 75% of the time with a beta of 0.12.

“In late 2005, we introduced our first hedge fund solutions to help Canadian investors strengthen their investment portfolios. We felt that there weren’t enough authentic hedge funds in Canada that focused on generating solid investment results with low correlation to the performance of the overall stock market,” said David Picton, President, Chief Investment Officer and Portfolio Manager of Picton Mahoney Asset Management. “At that time, we promised our clients we would monitor the capacity of our funds to ensure they remained nimble enough for us to meet their investment objectives. Our decision to cap the Market Neutral Fund is evidence of our commitment to our founding principles of authenticity and limited capacity.”

Those interested in enhancing the risk-adjusted return profile of their portfolios with Picton Mahoney’s authentic market neutral hedge fund solution are encouraged to speak with their Investment Advisor before the Fund closes to new investments later this month.

Staff

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