TORONTO, Dec. 2, 2013 /CNW/ - Vision Capital Corporation ("Vision") is pleased to announce that the Vision Opportunity Fund Limited Partnership (the "Vision LP") was recognized as one of the Top 3 Best
Multi-Strategy or Fund of Hedge Funds in Canada at the 2013 Morningstar
Canadian Investment Awards. This is the third consecutive year that
Vision has received recognition at the Morningstar Canadian Investment
Vision's unique and differentiated strategy, in conjunction with the experience of the Vision team, has generated strong absolute and risk-adjusted total returns for the Vision LP. Since its inception on July 2, 2008, through
November 30, 2013, the Vision LP has delivered a 20% compounded annual
return, net of fees and expenses, representing a cumulative total
return of 173%.
Mr. Jeffrey Olin, President, CEO and Co-Portfolio Manager of Vision noted, "This
recognition for three consecutive years reflects both the consistency
of Vision's strategy and the Vision Funds' ability to out-perform in
various market conditions."
Mr. Frank Mayer, Chairman and Co-Portfolio Manager of Vision added, "Vision applies a
differentiated approach to achieve superior risk-adjusted returns; the
unique capabilities and expertise of the Vision portfolio management
team are dedicated and aligned to this achievement."
The Morningstar Awards are provided annually by Morningstar Research,
Inc., a Canadian subsidiary of Morningstar Inc., a leading provider of
independent investment research. They honour companies and individuals
that Morningstar believes have achieved excellence in the Canadian
financial services industry.
About Vision Capital Corporation:
Vision Capital Corporation ("Vision"), a registrant with the Ontario Securities Commission,
currently manages the Vision Opportunity Funds (the "Funds"), comprising a range of private investment products
currently available to accredited investors. The Funds focus primarily
on the real estate sector and currently invest predominantly in
publicly-traded equity and debt securities.
Since its inception on July 2nd, 2008, through November 30, 2013, the
Vision Opportunity Fund Limited Partnership has delivered a cumulative
total return of approximately 173%, net of all fees and expenses,
representing a compound annual return of approximately 20%.
The Vision Funds have received considerable industry recognition for their leading risk-adjusted total return performance, including:
Received awards at the Canadian Hedge Fund of the Year Awards for five
consecutive years since the Funds' inception.
Recognition at the Morningstar Canadian Investment Awards for the past
three consecutive years as one of the Top 3 Best Opportunistic Hedge
Funds or Best Multi-Strategy Funds.
Top 5 Finalist at the Global Emerging Manager Awards presented by S&P
Capital IQ in March 2013 in New York.
Top performing Fund in the Scotia Canadian Hedge Fund Index in 2010.
SOURCE: Vision Capital Corporation
For further information:
Please visit Vision's website at www.visioncap.ca or contact:
President and CEO, Co-Portfolio Manager
Vision Capital Corporation
Chairman, Co-Portfolio Manager
Vision Capital Corporation