Fund helps investors benefit from long and short strategies in single
TORONTO, June 2 /CNW/ - Acuity Funds Ltd. has launched a new Pooled fund
that harnesses the power of long and short strategies in a single investment
solution. The Acuity Pooled 130/30 Fund is designed to help investors maximize
return potential in up markets and protect assets in down markets.
"We want to help investors diversify not only by asset class, sector and
region, but also by removing the biggest constraint that most portfolio
managers have, which is an inability to add value in names that they don't
like," said Hugh McCauley, Managing Director, Lead Portfolio Manager. "The
Acuity Pooled 130/30 Fund is a natural extension of a long-only equity
strategy, and a logical complement to traditional equity portfolios."
In managing the fund, Acuity selects stocks with exceptional upside
potential, as well as those with the potential to experience a downturn. An
initial 100% long position is augmented by a 30% short position, then the
proceeds of the short position are reinvested in additional long position.
As a result of this strategy, "Investors effectively receive 160%
exposure to our very best buy and sell ideas. Unlike a long-only fund, our
investment management team is able to act on both upside and downside
expectations, giving us a much broader set of opportunities," said McCauley.
The Acuity Pooled 130/30 Fund offers several benefits to investors,
- Enhanced return potential in all market conditions
- Added downside protection in falling markets
- Participation in both rising and falling share prices
"The risk/return advantages of 130/30 investing has made this strategy
popular among large institutional investors," added Stephen Crawford, Senior
Vice President, National Sales. "We are now pleased to offer individual
investors an opportunity to benefit from this powerful strategy."
The Acuity investment management team follows a proven, team-based
approach to investment research, including a detailed analysis of individual
company financials, management, sector and industry outlook to seek the most
promising opportunities on behalf of investors.
Founded in 1990, Acuity Investment Management Inc. has gained a
well-earned reputation for disciplined investment management of Canadian and
global portfolios. Using a team approach, Acuity successfully manages
approximately $9.2 billion in assets on behalf of Acuity Mutual Funds, Acuity
SRI Funds, Acuity Pooled Funds, Acuity Alpha Managed Portfolios, closed end
funds, pension, institutional and private portfolios.
The proven, disciplined investment decision making process of Acuity has
distinguished the company for nearly two decades. Acuity is dedicated to
patient, prudent investments in well established companies that are
strategically positioned for significant growth.
For further information:
For further information: Stephen Crawford, FCSI, Senior Vice President,
National Sales, Acuity Funds Ltd., Phone: (416) 867-2122, E-mail: