Maximizing Returns for Investors Over the Long Term

AlphaNorth Asset Management won the award for 'Best 3-Year Annualized Return' (July 31, 2009 - July 31, 2012) for its flagship hedge fund, the AlphaNorth Partners Fund, at the Fifth Canadian Hedge Fund Awards. The AlphaNorth Partners Fund achieved annualized returns of 37.4% over the 3 year period as compared to its benchmark, the S&P/TSX Venture, which returned 0.1% over the same time period. This marks the second year in a row that AlphaNorth has received the award for the top performing fund over the trailing 3 year period.

Steve Palmer, AlphaNorth's CIO and Portfolio Manager said: "We are proud to be recognized as the best Canadian hedge fund for superior performance over 3 years despite the challenging equity markets over the past several years. AlphaNorth's investment philosophy is based on maximizing returns for our investors over the long term. We do this by investing in small caps which historically have significantly outperformed all other asset classes."

Launched in December 2007, the AlphaNorth Partners Fund is a long biased small cap hedge fund focusing primarily on Canadian companies. The investment objective is to achieve industry leading long term capital growth on a tax deferred basis through superior selection of principally Canadian securities. AlphaNorth believes that superior long term investment returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection on both a long and short basis. The firm combines both a bottom-up and top-down strategy in the selection of investments offering the best risk/reward characteristics. AlphaNorth employs various technical analysis techniques, which have proven to be successful, to assist in the timing of buy/sell decisions.

"Recipients of 'First Place: Established Funds - Best 3-YR Annualized Return', AlphaNorth Partners Fund at the Fifth Canadian Hedge Fund Awards 2012, October 30, 2012 in Toronto at the offices of KPMG. L-R: Skye Collyer, VP, Sales and Marketing; Steve Palmer, CIO and Portfolio Manager; Joey Javier, Managing Partner at AlphaNorth Asset Management. (CNW Group/AlphaNorth Asset Management)". Image available at: http://photos.newswire.ca/images/download/20121031_C3695_PHOTO_EN_19936.jpg

SOURCE: AlphaNorth Asset Management

For further information: