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Friday, July 19, 2019

David and Goliath: StoneHedge slings to 'Top'


Date: Thursday, June 20, 2002

StoneHedge Funds Inc.'s North American Long Short Fund is the third best performing hedge fund available in Canada for the past month, says president Craig Dutton. The fund was ranked a 'Top Performer' by Globe Fund, the Globe and Mail's financial Web site. The fund's one-month return for May is 7.33% "It's exciting; we are the new kid on the block, very conservative, less than a year old and an independent to boot" Dutton says. "We still beat almost all of the big fund companies this month" he adds. "We don't have billions under administration, yet! What we do have is a solid conservative strategy and now we've got the results we were expecting" says Dutton. "We believe this is the near perfect vehicle for pension plans and now we're going to do our best to convince them we're right" he says. "We recently made the fund available in other provinces across Canada and we're seeing a surge in interest" Dutton added. "We will customize the program for institutional investors and our costs will compare with anyone. The results are speaking for themselves" he said. The fund's portfolio manager is Andre Chabot who has three funds in last month's top six including the StoneHedge Canadian dollar and US dollar fund. StoneHedge's fund made the 'Top Performer' list for one, three and six month performance. The StoneHedge fund which is available in either Canadian or US dollars performed well as measured against 73 other alternative strategy funds over the three periods. StoneHedge is headquartered in Humboldt, Sask., a town of 5,000. The StoneHedge Fund is an exempt offering which is available only to qualified investors as determined by securities regulation. The fund is now available in all provinces and territories of Canada.