For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
Alpha Stacking
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For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
Alpha Stacking
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For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
Global long/short equity with moderate net exposure from Picton: Fortified risk budgeting in an ETF wrapper.
Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.
Long book leans resilient growers and quality cyclicals; shorts fund factor and single-name hedges. You keep meaningful equity risk, just damped next to 100% long TSX or ACWI.
Global book means FX and session risk. Check the docs for how much USD/EUR is hedged back to CAD. *Fee note: 0.95% management fee plus 20% performance fee above a 2% hurdle rate.
Picton (PICTON Investments, formerly Picton Mahoney) is one of Canada’s larger independent alternatives managers. Issuer figures put group assets near $14B CAD firmwide, enough infrastructure for long/short, multi-strategy, and market-neutral books while still boutique versus global banks.
Fortified® and Authentic Hedge® are Picton’s risk-budgeted alts franchises; the ETF series puts those processes on TSX tickers with daily liquidity, alongside the firm’s older alternative mutual-fund channels.
Outperforms when pair trades earn and macro stress punishes plain long equity, with enough dispersion between sectors and names that balance-sheet work pays in calm credit.
Underperforms in correlation spikes where shorts and longs re-rate together, or when short squeezes punish crowded shorts. Favorable tape is dispersion-rich global equities, not single-factor melt-ups.
Read the long/short equity guide for the return driver, failure modes, and how this type of sleeve fits in an alpha stacking portfolio.
| Ticker | Name | Score | MER | AUM |
|---|---|---|---|---|
| PFLS | Picton Mahoney Fortified Long Short Alternative Fund ETF | B | 0.95% + perf fee | ~$62M CAD |
| TGAF | Tralucent Global Alt (Long/Short) Equity Fund ETF | A | 1.0% | ~$75M+ CAD |
| ATSX | Accelerate Canadian Long Short Equity Fund | A+ | 0.00% + perf fee | ~$42M CAD |
| PFAE | PICTON Long Short Equity (130/30) Alternative Fund ETF | A+ | 0.95% + perf fee | ~$36M CAD |
| HDGE | Accelerate Absolute Return Fund | A | 3.95% | ~$105M CAD |
| Portfolio | Category | Portfolio rating | Allocation |
|---|---|---|---|
| 60/40 Alpha Stack | Retirement | A | 10% |
| Grandma's Portfolio | Retirement | A | 10% |
| US + Long/Short | Long/Short | B+ | 15% |
| Global + Long/Short | Multi-Strat | B+ | 15% |
| US & Canada - Low Beta & Long/Short | Multi-Strat | B+ | 15% |
Use the issuer and regulatory documents below to verify current holdings, fees, exposure, and risk disclosures.