Picton Mahoney Asset Management Commends CSA Decision to Provide Additional Proficiency Options for Distributing Liquid Alternative Mutual Funds

February 1, 2021 11:22 AM EST

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TORONTO--(BUSINESS WIRE)-- Picton Mahoney Asset Management (“Picton Mahoney”) welcomes the changes brought by the Canadian Securities Administrators’ blanket relief order making available additional course options that may be completed instead of the courses required under National Instrument 81-104 Alternative Mutual Funds.

“We applaud the CSA’s announcement to expand qualification options for the Mutual Fund Dealers Association of Canada (MFDA) and other advisors looking to distribute liquid alternative mutual funds,” said David Picton, President, CEO and Portfolio Manager at Picton Mahoney. “As longtime advocates of alternative investing, we are pleased that MFDA-licensed and other advisors can offer Canadian investors the opportunity to diversify their portfolios with alternative investments. With 16 years of experience managing alternative investment solutions through all market conditions, we look forward to providing guidance, consultative sales and education to a broader investment community.”

As part of its continued leadership in the sector, Picton Mahoney was a key contributor to the IFSE Institute’s course content: Investing in Alternative Mutual Funds and Hedge Funds, which is now available to MFDA advisors. The CSA will implement the relief through blanket orders by each securities regulatory authority and anticipate codifying the relief at a later date.

To learn more about Picton Mahoney’s full family of funds, please visit pictonmahoney.com.

About Picton Mahoney Asset Management

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 $8.2 billion (as at December 31, 2020) 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.

Phil Clark
Head of Marketing
Picton Mahoney Asset Management
Tel: (416) 955-4462

Source: Picton Mahoney Asset Management

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