Lynwood Opportunities Fund Wins Best 3 Year Equity Return and Best 3 Year Sharpe Ratio at 2021 Canadian Hedge Fund Awards


Toronto, Ontario–(Newsfile Corp. – October 27, 2021) – Lynwood Capital Management Inc. (“Lynwood”) is pleased to announce that the Lynwood Opportunities Fund (the “Fund”) has won the award for best 3 year return in the equity focused category, as well as the award for the best 3 year Sharpe Ratio at the 2021 Canadian Hedge Fund Awards (CHFA). The awards were announced during a virtual event on the afternoon of Tuesday, October 19th, 2021.

The 3 year return award is judged strictly on 3 year performance, from July 2018 through June 2021. The Fund posted an annualized return over that period of 51.99%. This is the third straight year that the Fund has received a Canadian Hedge Fund Award, having won the best 1 year equity return award in both 2019 and 2020.

Ben Shapiro, President and Chief Investment Officer of Lynwood commented, “It is an honour to win at the Canadian Hedge Fund Awards for a third straight year. The Sharpe Ratio, which measures the average return earned in excess of the risk-free rate per unit of volatility, is one of the most widely used metrics for calculating risk-adjusted returns in the industry. 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 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.

A total of 226 Canadian Hedge Funds were included in the 2021 CHFA program. The awards are based solely on quantitative performance data to June 30th, 2021 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.

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