Toronto-based EdgeHill Partners has launched a family of prospectus-offered “liquid alt” alternative mutual funds available to retail investors under the EHP Funds brand, the alternative asset manager announced Friday.

The new funds use long/short strategies previously only available to high-net worth and institutional investors.

The funds use the alternative framework proposal for conventional mutual funds, offer daily liquidity, low minimum investments and transparent holdings.

“The new proposed alternative mutual fund rules, under which EHP Funds operate, expand the investing toolkit that managers have access to, and enable us to offer risk-managed solutions at a time when these strategies are most needed,” says Jason Mann, co-founder and chief investment officer of EHP Funds.

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Six new alternative mutual funds are now available from EHP Funds to advisors and their clients, and each offers a unique alternative to traditional long-only mutual funds.

“Our funds are designed to limit volatility and downside versus traditional funds. These funds can help diversify portfolios and improve investment outcomes, regardless of market direction. Alternative mutual funds have been offered to retail investors for years in the U.S. and Europe, and we’re excited to be a leader in offering them to Canadians through IIROC advisors at bank-owned and independent dealers,” adds Mann.

The EHP Funds launched include:

  • EHP Guardian Alternative Fund:  A defensive North American long/short fund intended to generate positive absolute returns regardless of market conditions, and offer an uncorrelated alternative to traditional bonds and stocks.
  • EHP Advantage Alternative Fund:  A diversified North American “all-weather” long/short fund with an optimal balance between returns and capital preservation.
  • EHP Guardian International Alternative Fund:  A defensive International long/short fund intended to generate positive absolute returns regardless of market conditions, and offer an uncorrelated alternative to traditional bonds and stocks.
  • EHP Advantage International Alternative Fund:  A diversified International “all-weather” long/short fund with an optimal balance between returns and capital preservation.
  • EHP Select Alternative Fund:  A concentrated, Canadian long/short equity fund designed to deliver performance while mitigating downside with EHP’s proprietary “risk gearing” methodology.
  • EHP Global Arbitrage Alternative Fund:  A diversified portfolio of arbitrage opportunities intended to generate positive absolute returns regardless of market conditions, and offer an uncorrelated alternative to traditional bonds on stocks.