Key Takeaways
- • Picton Long Short Equity (130/30) Alt Fund Class (PIC3001.CF) is a Canadian alternative fund trading on CADFUNDS with a 130/30 investment strategy designed to deliver long-term capital appreciation with controlled volatility.
- • Fund positioning: The strategy employs 130% long positions and 30% short positions, a structured approach common in alternative equity strategies to enhance returns while managing downside risk through systematic shorting.
- • Performance metrics available: Historical data shows multi-year returns ranging from 20–33% depending on the share class and measurement period, with expense ratios (MER) disclosed in fund documentation.
- • Share class options: The fund operates multiple series (Class F, Class A, and others) with varying fee structures and minimum investment requirements to accommodate different investor profiles.
- • Current market data as of January 13, 2019: 5-day trading range of CAD $30.13–$30.92, with pricing and NAV updates provided through multiple data vendors (Barchart Solutions, Fundata Canada).
Summary
The Picton Long Short Equity (130/30) Alt Fund Class represents a structured alternative investment vehicle managed by Picton Mahoney Asset Management. The fund's objective centers on delivering consistent long-term capital appreciation paired with an attractive risk-adjusted return profile, targeting volatility levels broadly in line with traditional equity markets while employing a net-long positioning strategy.
The 130/30 framework is the fund's defining characteristic. This strategy allocates 130% of assets to long equity positions while simultaneously maintaining 30% in short positions, resulting in a net exposure of 100%. This structure allows portfolio managers to capitalize on both upward and downward price movements, potentially enhancing returns through security selection on both sides of the market while maintaining a fundamentally bullish market bias. The approach is particularly relevant for institutional and sophisticated investors seeking alternative beta generation within a traditional equity risk envelope.
As of January 13, 2019, the fund's Class F variant (PIC3001.CF) traded on CADFUNDS with a five-day range of CAD $30.13 to $30.92. The fund is available through multiple share class structures, including Class A and Class F, each with distinct fee schedules and investment minimums tailored to different investor categories. Historical performance data across multiple share classes demonstrates cumulative returns ranging from approximately 20% to 33% over three-year periods, though specific performance attribution and current benchmark comparisons are not detailed in available materials.
The fund's service providers include major Canadian financial institutions for custody, administration, and trading execution. Distribution policies, fund grades, and detailed fee structures (MER) are documented in prospectuses and regulatory filings available through Canadian securities regulators. Institutional investors, family offices, and alternative investment managers typically access this vehicle through registered and non-registered accounts, depending on tax domicile and mandate requirements.
The 130/30 framework is the fund's defining characteristic. This strategy allocates 130% of assets to long equity positions while simultaneously maintaining 30% in short positions, resulting in a net exposure of 100%. This structure allows portfolio managers to capitalize on both upward and downward price movements, potentially enhancing returns through security selection on both sides of the market while maintaining a fundamentally bullish market bias. The approach is particularly relevant for institutional and sophisticated investors seeking alternative beta generation within a traditional equity risk envelope.
As of January 13, 2019, the fund's Class F variant (PIC3001.CF) traded on CADFUNDS with a five-day range of CAD $30.13 to $30.92. The fund is available through multiple share class structures, including Class A and Class F, each with distinct fee schedules and investment minimums tailored to different investor categories. Historical performance data across multiple share classes demonstrates cumulative returns ranging from approximately 20% to 33% over three-year periods, though specific performance attribution and current benchmark comparisons are not detailed in available materials.
The fund's service providers include major Canadian financial institutions for custody, administration, and trading execution. Distribution policies, fund grades, and detailed fee structures (MER) are documented in prospectuses and regulatory filings available through Canadian securities regulators. Institutional investors, family offices, and alternative investment managers typically access this vehicle through registered and non-registered accounts, depending on tax domicile and mandate requirements.
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