Thornmark Alpha Fund Wins 2018 Canadian Hedge Fund Award
Toronto, Ontario--(Newsfile Corp. - October 18, 2018) - Daniel Bain, CEO & Chief Investment Officer of Thornmark Asset Management ("Thornmark"), is pleased to announce that the Thornmark Alpha Fund (the "Alpha Fund") received an Alternative IQ's 2018 Canadian Hedge Fund Award ("CHFA). This year is the first time the Alpha Fund entered the Alternative IQ award program. The Alpha Fund placed 3rd in the Equity Focused 5 Year Sharpe Ratio award.
Mr. Bain commented, "The Sharpe ratio measures risk-adjusted performance. We are pleased Thornmark has been recognized for performance leadership. This award further validates Thornmark's tactical investing."
The Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday evening at a Gala Dinner hosted by KPMG LLP at One King West Hotel in Toronto with 145 guests in attendance.
About Canadian Hedge Fund Awards
The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds. A total of 207 Canadian hedge funds participated in the 2018 CHFA program. The awards are based solely on quantitative performance data to June 30th, with Fundata Canada managing the collection and tabulation of the data to determine the winners. There is no nomination process or subjective assessment in identifying the winning hedge funds.
With over 25-years of experience, Thornmark is a North American tactical investment manager for individuals and institutions. Tactical investing at Thornmark is designed to both grow and protect wealth. For more information, please visit us at www.thornmark.com.
Daniel L. Bain
CEO & Chief Investment Officer
Figure 1. The Alpha Fund placed 3rd in the Equity Focused 5 Year Sharpe Ratio award.
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