TORONTO, ON / ACCESSWIRE / October 24, 2016 / David McLean, manager of ROMC Fund, is pleased to announce receipt of two awards at the 9th Annual Canadian Hedge Fund Awards (CHFA), the highest honour in Canada's hedge fund industry. ROMC Fund won 1st place for the best equity-focused 5-year return, with 17.2% per annum. It also won 3rd place for the best equity-focused 5-year Sharpe ratio, with a figure of 1.4.
David had this to say:
"It is encouraging to be recognized for one's effort and ROMC Fund is proud to be the recipient of this prestigious award. It is testament to the fund's adherence to discipline and rigor. And as ROMC Fund approaches its 10th birthday, it will remain steadfast in its focus on fundamental analysis, risk management and the provision of defensible long-term results."
He went on to say:
"We have recently launched ROMC Trust (trading symbol: ROM100), a prospectus fund based on the same strategy as the award-winning ROMC Fund. It is an exciting development that brings the ROMC approach to self-directed investors, and non-accredited investors."
The awards were presented yesterday evening at a Gala Dinner at One King West Hotel in Toronto with over 140 guests in attendance. The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds of the year, recognizing winners in 4 categories as well as the Overall Best 2016 Canadian Hedge Fund. A total of 195 Canadian hedge funds participated in the 2016 CHFA program. The awards are based solely on quantitative performance data to June 30th. There is no nomination process or subjective assessment in identifying the winners.
For more information about ROMC Fund and ROMC Trust, go to: www.mamgmt.com or call:
David McLean
Managing Director, McLean Asset Management Ltd.
416-488-0547
About ROMC Fund: ROMC Fund, a global equity-focused unit trust, was launched on October 1, 2007 by Offering Memorandum to Accredited Investors.
About ROMC Trust: ROMC Trust, a global equity-focused unit trust, was launched on June 3, 2016 by prospectus to investors in Ontario, Saskatchewan, Manitoba, Alberta and British Columbia.
About the Annual Canadian Hedge Fund Awards: The Annual Canadian Hedge Fund Awards were first held in 2008 and have a two-fold objective: First, to celebrate the talent and accomplishments of Canada's hedge fund industry, and second, to draw attention to Canada's hedge funds by raising the awareness of that expertise in the media and among the wider investment community.
SOURCE: ROMC Fund