Toronot's Acuity Funds Ltd. said it had launched an alternative investment 130-30 fund.
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The Acuity Pooled 130/30 portfolio is designed to help investors maximize return potential in rising markets and protect assets in declining ones.
In managing the fund, Acuity said an initial 100% long position would be augmented by a 30% short position, then the proceeds of the short position will be reinvested in enlarging the long position.
The fund offers return potential in all market conditions, downside protection in falling markets, and participation in both rising and falling share prices. Acuity had $9.2 billion of assets under management at March 31.
