New Products
Canada's Cumberland Private Wealth Launches New Independent Fund

Cumberland Private Wealth Management has launched a new fund
that aims to allow clients to diversify portfolios without
depending on market behavior.
The Market Neutral Fund, which focuses on the technology sector,
is designed to earn positive absolute return while limiting
market and liquidity risks by exploiting pricing inefficiencies
across public markets, particularly the NYSE and NASDAQ listed
equity securities. The fund is intended for high net worth
individuals, financial advisors, family offices and smaller
institutional investors.
"The [fund] can be a difficult concept to grasp for some
investors traditionally used to making money when markets go up,
and losing when they go down. However, investors today are
looking for alternatives in a volatile market that has limited
yield. The fund can play a vital role in optimizing portfolio
risk while enhancing long term returns,"
John Wilson, chief investment officer at Cumberland, said in
a statement.
Wilson, who has successfully run a similar fund in the past, says
such products can be set up in various asset classes, including
equities, bonds, or futures, as long as the strategy is able to
identify and predict a significant market inefficiency. The new
fund uses offsetting long and short positions to reduce overall
market risk, as well as specific sector and industry risks.
Founded in 1997, Toronto-based Cumberland specializes in
discretionary investment services for HNWIs, their families and
foundations with over $1 million in investable assets.