Picton Mahoney Asset Management (“Picton Mahoney”) today announced the launch of the Picton Mahoney Fortified Investment Grade Alternative Fund (“Investment Grade Alternative Fund”). The fund will offer four classes of units: Class A, Class F, Class I, Class O and ETF units, which will be offered to the public. The ETF units will commence trading on the Toronto Stock Exchange today. Class A, F, I and O units of the fund were launched on November 6, 2024, and are currently available to the public.
“We’re thrilled to launch our newest fixed income strategy, the Investment Grade Alternative Fund,” said Jason Young, Fixed Income Portfolio Manager at Picton Mahoney. “This fund is designed to capitalize on opportunities within high-quality, investment-grade companies, and is particularly timely given the current economic uncertainty and heightened interest rate volatility. With its long/short approach and advanced hedging tools, the fund can effectively mitigate macro risks while seizing fundamental relative value opportunities.”
Uniquely designed to provide investors an alternative solution to traditional options, the Investment Grade Alternative Fund follows a long/short North American strategy centered on investment-grade credit, aiming to deliver strong risk-adjusted returns by actively trading both outright and relative value opportunities while offering low correlation to major markets. To help manage the risks commonly linked to fixed income investing – such as interest rate, liquidity, currency and credit risk – the Fund incorporates targeted hedging tools such as shorting.
“Our goal with the Investment Grade Alternative Fund is to provide investors with a resilient alternative in today’s volatile market environment,” continued Young. “By combining investment-grade credit with active risk management, we’re positioned to deliver strong risk-adjusted returns while navigating the complexities of rate, credit and liquidity risks. This approach offers a distinctive way for investors to strengthen and diversify their income portfolios amid ongoing market challenges.”
|
Fund Name |
Investment Objective |
Class A Fund Code |
Class F Fund Code |
Class I Fund Code |
Class O Fund Code |
ETF Class Ticker |
|
Picton Mahoney Fortified Investment Grade Alternative Fund |
The Fund is designed to enhance yield and return potential through exposure to high- quality, investment- grade credit. The Fund invests primarily in North American investment grade corporate and government debt securities. |
PIC 3400 |
PIC 3401 |
PIC 3402 |
PIC 340WL |
PFIG |
To learn more about the Picton Mahoney Fortified Investment Grade Alternative Fund, visit https://performance.pictonmahoney.com/funds/en-US/PLIGA.
To learn more about Picton Mahoney’s full suite of funds, visit www.pictonmahoney.com.
About the Portfolio Manager
Jason Young is a Portfolio Manager on the Fixed Income team at Picton Mahoney Asset Management. He joined Picton Mahoney in 2024, with an extensive investment industry background. Prior to joining Picton Mahoney, he was a Portfolio Manager at GWN Capital Management Ltd. as well as a Portfolio Manager and Managing Director at Gluskin Sheff + Associates Inc. (acquired by Onex Credit Asset Management Inc.). Young spent much of his investment career with TD Securities Inc. in progressive roles including Managing Director, Head of Global Credit Trading, Capital Management and was a member of the Senior Executive Committee for TDS Fixed Income, Currencies and Metals.
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 CAD $11.4 billion (as at October 31, 2024) 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 mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.
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