ONE OF CANADA'S LEADERS IN VOLATILITY MANAGEMENT Picton Mahoney Asset Management was founded in 2004 to provide unique investment solutions to institutional, retail and high net worth investors in Canada and around the world. We are 100% employee owned and now manage approximately $9.0 billion in sub-advisory, pension plan and hedge fund assets on behalf of our clients. We believe there is a growing need for new solutions to help investors build stronger portfolios to deal with the turbulent forces buffeting capital markets around the world. Picton Mahoney has always had a strong commitment to research, development and innovation in our investment process and in the products we offer to our clients. We are unique in our blend of the art and science required to be successful in today's constantly changing investment environments. Our fundamental analysts are highly adept in their core sector specialties while our quantitative researchers are focused on developing cutting edge technology to boost our investment process. Of our approximately 80 employees, about half of them are directly involved in security selection and portfolio construction. We also pride ourselves on our institutional grade compliance processes that we continuously strive to improve upon.