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Picton Mahoney Reports Strong 1st Year Performance Results for 130/30 Alpha Extension Cdn Equty Fund


Date: Wednesday, April 2, 2008
Author: CNW Group

TORONTO, April 1 /CNW/ - Picton Mahoney Asset Management is pleased to
announce the one year performance results for its 130/30 Alpha Extension
Canadian Equity Fund. In its first year of operation, the Fund delivered
strong monthly and annual returns in excess of the index.
    Launched in March 2007, the Picton Mahoney 130/30 Alpha Extension
Canadian Equity Fund has $25 million in assets and features one of the longest
live Canadian 130/30 track records. The objective of the Fund is to provide 4%
to 5% excess return compared to the S&P/TSX Total Return Composite Index,
offering institutions an effective way of adding alpha with a moderate
increase in active risk. Since inception, the Fund has delivered on its
objective: as at March 31, 2008, the Fund's one year return was 23.82% with a
standard deviation of 14.11% versus a 4.0% return and 12.07% standard
deviation for the Index, while maintaining a beta of 1.13.
    Underlying this performance is a seasoned portfolio management team that
follows a rigorous, repeatable process and has the experience and the
resources required to short stocks effectively.
    "130/30 strategies are gaining attention in North America as
institutions, pension funds and foundations are looking at alternative methods
of achieving excess return," said David Picton, President, Chief Investment
Officer and Portfolio Manager of Picton Mahoney Asset Management. "We are
pleased to offer Canadians an established 130/30 strategy managed by
professionals with the requisite experience."
    Institutions and consultants interested in Picton Mahoney's 130/30
strategy are invited to contact the firm directly.

    About Picton Mahoney Asset Management

    Picton Mahoney Asset Management (PMAM) is a Canadian portfolio management
boutique entrusted with over $4.5 billion in assets for investors through
three lines of investment solutions: alternative strategies, institutional
mandates and sub-advisory services. PMAM's investment focus is positive
fundamental change and growth strategies with expertise in Canadian, U.S. and
global equities.