TORONTO, Feb. 5, 2019 /CNW/ - EHP Funds is pleased to provide a business update with respect to its family of prospectus-offered "Liquid Alt" alternative mutual funds.
In August of 2018 EHP Funds launched six new "liquid alt" mutual funds that expand the toolkit available to managers to include the use of leverage and shorting beyond what had been allowed in traditional long-only mutual funds. The funds are designed to offer risk-managed solutions to advisors and their clients by limiting volatility and drawdowns in difficult markets.
EHP Funds is pleased to announce that assets raised collectively for the family of prospectus funds has exceeded $150mm, and that the funds have been approved for distribution on all major bank-owned and independent IIROC dealers.
"The fourth quarter of 2018 was a reminder of why including alternative funds as a part of a diversified portfolio can add meaningful value in terms of improving investment outcomes, especially during times of market stress," said Jason Mann, Co-Founder and CIO.
"As a result of our early success in what is emerging as an important new asset class, we are adding resources to support our growth with advisors, and are pleased to announce that we have hired Karl Palmen as Director, Business Development located in Vancouver, who joins Jeff Bennett in our Toronto office, as well as a pending hire in Montreal," added Mr. Mann.
As of January 1, 2019, EHP Funds Inc., an affiliate of EdgeHill Partners, has been appointed as the trustee and manager of the prospectus offered funds under the EHP Funds banner. EdgeHill Partners will continue to act as manager of existing and future private funds offered under an offering memorandum, as well as managed account services offered to ultra-high net worth family offices and institutional investors.
The fund managed by EHP Funds Inc., include:
EHP Guardian Alternative Fund: A defensive North American long/short fund intended to generate positive absolute returns regardless of market conditions, and offer an uncorrelated alternative to traditional bonds and stocks.
EHP Advantage Alternative Fund: A diversified North American "all-weather" long/short fund with an optimal balance between returns and capital preservation.
EHP Guardian International Alternative Fund: A defensive International long/short fund intended to generate positive absolute returns regardless of market conditions, and offer an uncorrelated alternative to traditional bonds and stocks.
EHP Advantage International Alternative Fund: A diversified International "all-weather" long/short fund with an optimal balance between returns and capital preservation.
EHP Select Alternative Fund: A concentrated, Canadian long/short equity fund designed to deliver performance while mitigating downside with our proprietary "risk gearing" methodology.
EHP Global Arbitrage Alternative Fund: A diversified portfolio of arbitrage opportunities intended to generate positive absolute returns regardless of market conditions, and offer an uncorrelated alternative to traditional bonds on stocks.
For a summary of the risks of an investment in the EHP Funds, please see the specific risks set out in the prospectus. More information on the six funds is available on the EHP Funds website at www.ehpfunds.com.
SOURCE EHP Funds
For further information: Ian Fairbrother, Co-Founder, 416-360-0311, [email protected]