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TORONTO, Jan. 13, 2020
/CNW/ - Picton Mahoney Asset Management ("Picton Mahoney"), a
leader in alternative investment strategies, announced today that
it has completed its previously announced acquisition of the
investment fund management contracts of four hedge funds and
alternative mutual funds from Vertex One Asset Management
Inc. The acquisition increases Picton
Mahoney's total assets under management by $400 million.
"Risk Arbitrage strategies focus on reducing risk, lower
volatility, and tax efficiency. The goal of this strategy is
to offer consistent, positive returns during all market
environments" notes David
Picton, President and CEO of Picton Mahoney Asset
Management. "Given that many Canadian investor portfolios
typically consist primarily of stocks and bonds, we believe that
these risk-arb strategies offer a less correlated source of alpha
which should help improve the quality of returns when added to more
traditional portfolios."
As part of the transaction, the names of the funds have changed
to the following:
Alternative Mutual Funds
Picton Mahoney Fortified Arbitrage Alternative Fund (formerly,
Vertex Liquid Alternative Fund)
Picton Mahoney Fortified Arbitrage Plus Alternative Fund (formerly,
Vertex Liquid Alternative Fund Plus)
Hedge Funds
Picton Mahoney Arbitrage Fund (formerly, Vertex Arbitrage
Fund)
Picton Mahoney Arbitrage Plus Fund (formerly, Vertex Arbitrage Fund
Plus)
The acquired Funds will continue to be managed by Craig Chilton and Tom
Savage, who have joined Picton
Mahoney as part of the transaction.
To learn more about Picton
Mahoney's full suite of funds, visit
www.pictonmahoney.com.
About Picton Mahoney
Picton Mahoney Asset Management specializes in differentiated
investment solutions and rules-based volatility management.
Picton Mahoney helps its clients
fortify their portfolios based on experience honed over the years
through different market cycles and investing environments.
Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management
boutique entrusted with over $7.4
billion (as at November 30,
2019) in assets under management. Pioneers of Authentic
Hedge® investment principles and practices in Canada, the firm offers a full suite of
investment solutions, including mutual and alternative funds, to
institutional and retail investors across the country.
Commissions, trailing commissions, management fees, performance
fees and expenses all may be associated with mutual fund
investments. Please read the prospectus before investing. Mutual
funds are not guaranteed, their values change frequently, and past
performance may not be repeated. Alternative funds can only be
purchased through a registered dealer and are available only in
those jurisdictions where they may be lawfully offered for
sale.
SOURCE Picton Mahoney Asset Management