MONTREAL, April 5 /CNW Telbec/ - While not as visible as social and
sports clubs, the investment world has its own exclusive club, and it
has now been breached.
Previously only available to high net worth investors, alternative
strategies used by boutique hedge funds were generally offered only on
a private basis to accredited investors. With almost 10 years of
history managing funds, Palos Management has bridged this gap to make
its alternative strategies more accessible to the general public.
"We were being asked by investment advisors to create a mutual fund for
retail investors that pays out quarterly distributions and is RRSP
eligible, so that their clients could have access to our unique
strategies," said Charles Marleau, President and Senior Portfolio
Manager of Palos Management.
The mutual fund is mainly invested in Canadian income-paying securities,
but don't glaze over yet. There is a twist: a portion of the fund is
actively traded. The Palos Equity Income Fund is able to take short
positions and use sophisticated trading strategies, such as merger
arbitrage or pair trading, that aim to enhance returns.
With this move, Palos Management provides access for all Canadian
investors to a public mutual fund that can take short positions and use
market neutral trading strategies.
About Palos Management Inc.
Founded in 2001, Palos Management is a boutique financial management
firm that includes Palos Investment Funds, Holdun Family Office and
Palos Merchant Bank. Our mission is to constantly earn our clients'
trust by growing and sustaining their wealth through our creative and
intelligent approach to financial management.
SOURCE Palos Management Inc.
For further information:
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