TORONTO, Oct. 21, 2015 /CNW/ - Goodwood Inc. is pleased to announce that the Goodwood Milford Fund received the second place award at the 2015 Canadian Hedge Fund of the Year Awards held last night and hosted by KPMG. The Goodwood Milford Fund received the award in the category of the Best 5-Year Sharpe Ratio. The Sharpe Ratio is the industry standard measurement for calculating risk-adjusted returns. Last year in 2014, the Fund won in the category of Best 5-year Annualized Return and in 2012 won in the category of Best 3-Year Annualized Return.
Mr. Curt Cumming, President, commented, "Chris Currie is the Portfolio Manager of the Goodwood Milford Fund and Goodwood's Private Client income focused segregated accounts. His investment approach has a 10-year history of maximizing investment return with low volatility. Chris has achieved this return profile by investing throughout the capital structure - inherent long and short equity volatility is offset by the low volatility and income generated from the corporate bond portfolio. This fourth award serves as continued validation for the strategy and investment approach."
Mr. Chris Currie, Portfolio Manager added, "We are very pleased the Goodwood Milford Fund is being recognized for its performance results and want to thank our Unitholders for their continued support."
About Goodwood Milford Fund:
The Fund's investment objective is to offer investors significant portfolio diversification and long-term capital growth. The Fund uses a unique strategy of combining higher coupon corporate bonds with long and short equity positions. The Fund was launched in 2006 and was made available to retail investors in 2014 through investment advisors on the FundSERV network.
About Goodwood Inc:
Goodwood is a Toronto-based independent investment management firm that has provided institutional and high-net-worth clients with alternative investment strategies for almost 20 years. The firm's senior investment team uses their unique, company specific, value oriented investment approach, with a strong focus on equity special events and credit opportunities. Our approach is focused on the preservation of capital through extensive and rigorous investment analysis on a position and portfolio basis.
SOURCE Goodwood Inc.
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For further information: Curt Cumming, President, Direct: (416) 203-2522, [email protected], www.goodwoodfunds.com