Key Takeaways
- • Goodwood Milford Fund LP received its 7th recognition at Alternative IQ's 2018 Canadian Hedge Fund of the Year Awards, placing 3rd for Best 5-Year Annualized Return, demonstrating consistent institutional-grade performance across multiple award cycles since 2012.
- • Portfolio Manager Chris Currie's defensive, yield-oriented fixed-income strategy has delivered +12.6% net annualized returns since inception with notably low monthly volatility, a critical differentiator in risk-adjusted performance metrics.
- • The Fund's hybrid investment approach combines higher-coupon corporate bonds with selective long and short equity positions, targeting income maximization and capital appreciation through fundamental securities selection and diversification.
- • Award track record spans seven recognitions including a first-place finish in 2017 for Best 5-Year Annualized Return and multiple placements in risk-adjusted Sharpe Ratio categories (2012, 2015, 2016), indicating sustained performance consistency across market cycles.
Summary
Goodwood Inc., a Toronto-based independent investment management firm, announced on October 17, 2018, that the Goodwood Milford Fund LP achieved its seventh award recognition at Alternative IQ's Canadian Hedge Fund of the Year Awards, hosted by KPMG LLP. The Fund placed third in the Best 5-Year Annualized Return category, continuing a pattern of institutional recognition that dates back to 2012 and underscores the strategy's resilience across varying market conditions.
The Fund's investment framework combines higher-coupon corporate bonds with disciplined long and short equity positioning, designed to maximize income and capital appreciation. According to Curt Cumming, President of Goodwood, Portfolio Manager Chris Currie (CFA) employs a defensive, yield-oriented approach that has generated +12.6% net annualized returns since inception while maintaining exceptionally low monthly return volatility—a key metric for institutional and high-net-worth investors seeking downside protection alongside meaningful yield generation.
Goodwood's competitive track record demonstrates sustained performance differentiation. Beyond the 2018 third-place finish, the Fund achieved first place for Best 5-Year Annualized Return in 2017, second-place finishes for Best 5-Year Sharpe Ratio in both 2016 and 2015, and additional recognitions in 2014 and 2012. This multi-year pattern across both absolute return and risk-adjusted metrics suggests the strategy's effectiveness is not dependent on cyclical market conditions favoring any single asset class or volatility regime.
The Fund's recognition validates its hybrid fixed-income-equity strategy at a time when institutional investors face pressure to balance yield enhancement with capital preservation. The consistent awards across multiple performance horizons and metrics—annualized returns and Sharpe ratios—appeal to fiduciaries managing institutional capital and family offices requiring both income generation and volatility management in alternative investment allocations.
The Fund's investment framework combines higher-coupon corporate bonds with disciplined long and short equity positioning, designed to maximize income and capital appreciation. According to Curt Cumming, President of Goodwood, Portfolio Manager Chris Currie (CFA) employs a defensive, yield-oriented approach that has generated +12.6% net annualized returns since inception while maintaining exceptionally low monthly return volatility—a key metric for institutional and high-net-worth investors seeking downside protection alongside meaningful yield generation.
Goodwood's competitive track record demonstrates sustained performance differentiation. Beyond the 2018 third-place finish, the Fund achieved first place for Best 5-Year Annualized Return in 2017, second-place finishes for Best 5-Year Sharpe Ratio in both 2016 and 2015, and additional recognitions in 2014 and 2012. This multi-year pattern across both absolute return and risk-adjusted metrics suggests the strategy's effectiveness is not dependent on cyclical market conditions favoring any single asset class or volatility regime.
The Fund's recognition validates its hybrid fixed-income-equity strategy at a time when institutional investors face pressure to balance yield enhancement with capital preservation. The consistent awards across multiple performance horizons and metrics—annualized returns and Sharpe ratios—appeal to fiduciaries managing institutional capital and family offices requiring both income generation and volatility management in alternative investment allocations.
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