Key Takeaways
- • Picton Mahoney Asset Management launched the Picton Mahoney Fortified Long Short Alternative Fund on July 15, 2020, with ETF units (ticker: PFLS) trading on the Toronto Stock Exchange and Class A, F, and I mutual fund units available since July 7, 2020.
- • The fund employs Picton Mahoney's proprietary Authentic Hedge® long short strategy, refined over 14 years of active management, designed to deliver equity-like returns with enhanced downside risk mitigation.
- • The Fortified Alternative Funds family, incorporating Picton Mahoney's rules-based Fortified Investing™ approach, now represents the largest offering of liquid alternatives in Canada.
- • The fund targets Canadian investors seeking volatility management and downside protection, with investment exposure predominantly in Canadian equities alongside limited U.S. and international market exposure.
- • Picton Mahoney, a 100% employee-owned firm founded in 2004, manages approximately $9.6 billion in sub-advisory, pension plan, and hedge fund assets, positioning the new fund as an accessible entry point for broader investor segments.
Summary
Picton Mahoney Asset Management announced the launch of its new Picton Mahoney Fortified Long Short Alternative Fund on July 15, 2020, marking a strategic expansion of its alternative investment offerings to Canadian retail and institutional investors. The fund launched with multiple unit classes—Class A, F, and I mutual fund units commenced on July 7, 2020, while ETF units began trading on the Toronto Stock Exchange under the ticker symbol PFLS on the announcement date. This multi-class structure enables accessibility across different investor segments and fee preferences.
The fund is built on Picton Mahoney's Authentic Hedge® long short strategy, which the firm has actively managed for over 14 years. According to David Picton, President, CEO, and Portfolio Manager, the strategy has consistently achieved its dual objectives of delivering equity market-like returns while providing superior downside risk mitigation—a particularly relevant offering given market volatility conditions in mid-2020. The fund incorporates the firm's proprietary Fortified Investing™ methodology, a rules-based approach designed to manage risk by reducing downside exposure while building long-term growth potential across varying market conditions.
With the introduction of this long short alternative fund, Picton Mahoney's Fortified Alternative Funds family became the largest offering of liquid alternatives in Canada. The fund invests predominantly in Canadian equities with limited exposure to U.S. and international markets, appealing to Canadian investors seeking portfolio diversification and volatility management during uncertain economic periods. The timing of the launch coincided with heightened investor interest in downside protection strategies, following the significant market volatility experienced in the first half of 2020.
Picton Mahoney itself is a 100% employee-owned firm founded in 2004, managing approximately $9.6 billion in sub-advisory, pension plan, and hedge fund assets. The launch of the Fortified Long Short Alternative Fund broadens the firm's distribution channels beyond institutional mandates, making its alternative investment expertise available to a wider segment of Canadian investors through conventional mutual fund and ETF structures.
The fund is built on Picton Mahoney's Authentic Hedge® long short strategy, which the firm has actively managed for over 14 years. According to David Picton, President, CEO, and Portfolio Manager, the strategy has consistently achieved its dual objectives of delivering equity market-like returns while providing superior downside risk mitigation—a particularly relevant offering given market volatility conditions in mid-2020. The fund incorporates the firm's proprietary Fortified Investing™ methodology, a rules-based approach designed to manage risk by reducing downside exposure while building long-term growth potential across varying market conditions.
With the introduction of this long short alternative fund, Picton Mahoney's Fortified Alternative Funds family became the largest offering of liquid alternatives in Canada. The fund invests predominantly in Canadian equities with limited exposure to U.S. and international markets, appealing to Canadian investors seeking portfolio diversification and volatility management during uncertain economic periods. The timing of the launch coincided with heightened investor interest in downside protection strategies, following the significant market volatility experienced in the first half of 2020.
Picton Mahoney itself is a 100% employee-owned firm founded in 2004, managing approximately $9.6 billion in sub-advisory, pension plan, and hedge fund assets. The launch of the Fortified Long Short Alternative Fund broadens the firm's distribution channels beyond institutional mandates, making its alternative investment expertise available to a wider segment of Canadian investors through conventional mutual fund and ETF structures.
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