In 2018, we were honoured to receive two Canadian Hedge Fund Awards for best one-year return in their respective categories for Purpose Multi-Strategy Market Neutral Fund and Purpose Credit Opportunities Fund. The Thomson Reuters Lipper Fund Awards recognized Purpose Enhanced US Equity Fund for best fund over three years in the alternative strategies category. And Purpose Canadian Preferred Share Fund received an A+ at the FundGrade Awards. The only thing better than the accolades is knowing that we’re helping you meet your financial goals.
These awards are symbols of our commitment to you and our drive to make continual improvements to our investment process. We don’t plan on stopping; we will continue to find new ways to improve your investing experience.
How will we keep improving ourselves to help you reach your goals? It’s simple: by using more data to improve our processes, by being open about what we’re doing and how it affects your investments, and by keeping you at the centre of all of our decisions. We’re humbled to receive these honours, but we wouldn’t have won them without you.
Purpose Multi-Strategy Market Neutral Fund (PMM)
Purpose Multi-Strategy Market Neutral Fund posted an annualized return over the judging period of 10.77%, ahead of the 4.98% annualized return of the HFRI Equity Market Neutral Index.
PMM employs classic hedge fund investment strategies such as long/short equity, and momentum and carry themes within currencies and commodities.
PMM is available in ETF shares on the Toronto Stock Exchange under the ticker symbol “PMM” and is also available in mutual fund Series A (PFC1400) and Series F (PFC1401) through FundServ.
Winner of the for Best 1 Year Return in the Market Neutral category at the 2018 Canadian Hedge Fund Awards. PMM is managed in partnership with Neuberger Berman Breton Hill LLC, which has more than 20 years of experience running market neutral strategies for institutional clients.
Purpose Credit Opportunities Fund
Purpose Credit Opportunities Fund posted an annualized return over the judging period of 12.29%, well ahead of the 4.43% annualized return of the HFRI Credit Index.
The Fund combines active, bottom-up credit research with risk management through the use of various hedging tools to generate income while reducing volatility.
The Fund is available in Series A (PFC4803) and Series F (PFC4804) through FundServ.
Winner of the for Best 1 Year Return in the Credit Focused category at the 2018 Canadian Hedge Fund Awards. The Fund is actively managed by Sandy Liang, who leads credit strategies and fixed income at Purpose Investments.