Lynwood Opportunities Fund Wins Best 1 Year Equity Performance for Second Year in a Row at 2020 Canadian Hedge Fund Awards
Toronto, Ontario--(Newsfile Corp. - October 26, 2020) - Lynwood Capital Management Inc. ("Lynwood") is pleased to announce a milestone for the Lynwood Opportunities Fund ("the Fund"). The Fund won the award for best 1 year return in the equity focused category at the 2020 Canadian Hedge Fund Awards (CHFA). The award was announced during a virtual event on the afternoon of Tuesday, October 20, 2020.
The award is judged strictly on 1 year performance, from July 2019 through June 2020. The Fund posted a return over that period of 46.29%. This is the second straight year that the Fund has received a Canadian Hedge Fund Award, having won the same award during the prior year with a 34.83% return.
The Fund was launched in July 2018 and specializes in long/short and event-driven equity strategies and seeks to provide investors with consistent absolute returns balanced with a focus on risk management and capital preservation. The Fund attempts to identify situations representing asymmetric risk/reward opportunities, resulting in a portfolio which exhibits low downside volatility with exposure to upside optionality.
Ben Shapiro, President and Chief Investment Officer of Lynwood commented, "It is an honour to win at the Canadian Hedge Fund Awards for a second straight year. These awards continue to validate the Fund's strategy, and we look forward to continuing to provide our clients with the potential for above-market returns with below-market risk."
The Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, help investors identify the most exceptional hedge funds, recognizing winners in five categories as well as the Overall Best 2020 Canadian Hedge Fund.
A total of 221 Canadian Hedge Funds were included in the 2020 CHFA program. The awards are based solely on quantitative performance data to June 30th, 2020 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.
About Lynwood Capital Management Inc.:
Lynwood Capital Management Inc. is an independent investment manager based in Toronto, Canada. The firm manages the Lynwood Opportunities Fund, an event-driven hedge fund that specializes in long/short equity strategies and seeks to provide investors with consistent absolute returns balanced with a focus on risk management and capital preservation. Please visit www.lynwoodcapital.ca to learn more.
For further information, please contact:
Ben Shapiro, President and Chief Investment Officer
416 921 4511
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