PICTON Multi-Strategy Alternative Fund — ETF

About PICTON Multi-Strategy Alternative Fund — ETF

The fund dynamically adjusts its holdings between conventional and non-traditional investment categories, focusing on near to medium-term opportunities. It can implement hedging strategies using various financial instruments, including options and futures, to manage portfolio risk. The investment approach relies on a unique, multi-layered framework built upon contemporary portfolio management principles. To inform its allocation decisions, the fund employs diverse strategies such as taking long and short positions across various asset classes, including stocks, bonds, raw materials, and foreign exchange. It also seeks factor-based risk premia by evaluating securities based on their exposure to factors like momentum, and utilizes alpha-generating strategies, such as market-neutral approaches. A disciplined risk-budgeting process is applied to appropriately weight different segments of the portfolio. Risk assessment involves monitoring price volatility, historical peak-to-trough declines (maximum drawdown), the potential for significant rapid losses (tail risk), and conducting both backward-looking and simulated stress scenarios.