Picton Mahoney Completes Acquisition of Vertex One Funds, Expanding Alternative Fund Offering for Canadians

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.TORONTO, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Picton Mahoney Asset Management (a??Picton Mahoneya??), a leader in alternative investment strategies, announced today that it has completed its previously announced acquisition of the investment fund management contracts of four hedge funds and alternative mutual funds from Vertex One Asset Management Inc.A  The acquisition increases Picton Mahoneya??s total assets under management by $400 million.
"Risk Arbitrage strategies focus on reducing risk, lower volatility, and tax efficiency.A  The goal of this strategy is to offer consistent, positive returns during all market environments,a?? notes David Picton, President and CEO of Picton Mahoney Asset Management. a??Given that many Canadian investor portfolios typically consist primarily of stocks and bonds, we believe that these risk-arb strategies offer a less correlated source of alpha which should help improve the quality of returns when added to more traditional portfolios.a??A  As part of the transaction, the names of the funds have changed to the following:A Alternative Mutual Funds
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