TORONTO, Oct. 22, 2014 /CNW/ - Goodwood Inc. is pleased to announce that the Goodwood Milford Fund received the second place award at the 2014 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 best 5-year return. This is the third award the Fund has won during the last 3 years. In 2012, the Fund won in the categories of Best 3-year Annualized Sharpe Ratio and Best 3-Year Annualized Return.
Mr. Curt Cumming, President, commented that, "Chris Currie's considerable corporate credit experience continues to be demonstrated as the Portfolio Manager of the Goodwood Milford Fund and Goodwood's income focused Segregated Accounts. We are extremely proud of Chris' ongoing success in combining corporate bonds with long and short equity positions to create absolute and relative investment outperformance. Yet another award serves as continued validation for the strategy and investment approach. Depending on the timing and quantum of future inflows we will evaluate at what point to cap the Goodwood Milford Fund so as to not curtail Chris' portfolio flexibility. "
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 Inc. is a Toronto-based independent investment management firm that has provided institutional and high-net-worth clients with high quality alternative investment strategies for over 18 years. The firm's dedicated team of professionals uses their unique, company specific, value oriented investment approach to achieve long-term investment objectives with the aim to outperform traditional Canadian asset classes.
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SOURCE: Goodwood Inc.
For further information: Curt Cumming, President, Goodwood Inc., Tel: 416-203-2522, firstname.lastname@example.org; Chris Currie, CFA, Portfolio Manager, Tel. 416-203-2022, www.goodwoodfunds.com