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Friday, March 22, 2019

Abria Trust reports five years of positive returns


Date: Tuesday, March 8, 2005

Alternative Investments Inc., whose flagship fund the Abria Diversified Arbitrage Trust is the recent winner of the first ever Canadian Investment Award for Best Fund of Hedge Funds, has passed another milestone in completing its fifth year since inception, each with net positive returns.
This establishes the Abria Trust as the only broadly available, Canadian-managed fund of funds with an underlying portfolio having an audited five-year track record in Canada, the company says. "Our Abria Trust has been a stable, low-risk fund, achieving attractive risk-adjusted returns for five years," explains Abria Chief Investment Officer Henry Kneis. "Its consistent performance reflects our conservative risk management philosophy."
The Abria Diversified Arbitrage Trust has delivered positive returns in 24 out of 26 down months posted by the S&P/TSX, including September 2001. The depth of experience of the investment management team is the most important reason for the trustís success, according to Mr. Kneis.
A leader in the alternative asset industry, and an educator, he has an outstanding track record of 17 consecutive years of positive returns. Each of the four senior members of the investment team bring impressive credentials to the table, and each has at least 15 years experience in finance and investment management.
For the last two years, Paterson & Associates of Toronto has ranked the Abria Diversified Arbitrage Trust the number one risk-adjusted Alternative Strategy Fund in Canada. As well, in June 2003, MAR/Hedge of New York ranked the underlying Abria Diversified Arbitrage Fund the number one Fund of Hedge Fund globally for risk-adjusted returns. Return and risk statistics are compiled for the Class E Units based on monthly compounding and are net of fees and expenses.