Agilith Fund achieves compounded three year returns of 14%

Performance recognized with Canadian Hedge Fund Award

TORONTO, Oct. 19 /CNW/ - Agilith Capital Inc. is proud to announce that its flagship fund - the Agilith North American Diversified Fund (NAD Fund) - has completed its third year of operations. Launched in October 2007, the Fund has achieved an exceptional three-year return of 47.9%, representing a compound annual return of 13.9% as compared to major North American indices which registered declines between 4% and 20% over the same period.

The NAD, based on the strength of its performance, was named a winner at the Canadian Hedge Fund Awards in the category of Best 1-Year Return among New Funds. This achievement follows Agilith's Bronze Medal for Best Hedge Fund Newcomer at the 2009 Canadian Investment Awards Gala.

"We are extremely pleased to be recognized for our outstanding returns to our investors and look forward to continuing to deliver superior performance," said Mr. Patrick Horan, Portfolio Manager and co-founder of Agilith Capital Inc. "Our experience and agility in navigating these challenging markets allowed us to capitalize on market volatility. We believe our track record of returns is a direct result of our investment process, which combines our deep understanding of underlying business models with our ability to act quickly on market opportunities."

The Fund's core strategy is based on constructing a high conviction portfolio of North American equities, which favours stock picking over indexing. Inherent in the strategy is the belief that exceptional returns are the result of investing in superior business models.  With the ability to make quick and decisive investments, the Fund is also designed to capitalize on market opportunities and extremes in investor sentiment. The Fund is structured as a long/short Fund with investments in North American publicly traded equities outside of the resource sector. Following this disciplined investment strategy, the Fund has achieved outstanding performance.

Lead portfolio managers, Patrick Horan and Andrea Horan, are industry veterans having a combined 35 years of experience in the capital markets, displaying superior stock picking abilities. 

With over 20 years of industry experience, Patrick Horan has built a reputation as a top performing mutual fund and pension fund manager. Prior to co-founding Agilith, he co-managed an equity fund that exceeded $1 billion in assets at Legg Mason Canada.

Prior to co-founding Agilith Capital, Andrea Horan was a founding partner and Director of Research at Genuity Capital Markets and prior to that at Westwind Partners. She received top rankings in both Brendon Woods International and Greenwich institutional investor surveys during her 13 years as a sell-side media analyst. She has used her skills in business analysis and valuation to identify high growth potential and value opportunities for the Fund.

About Agilith Capital Inc.

Agilith Capital is a Toronto-based investment manager founded in 2007, established to capitalize on the partners' core belief that superior performance can be generated through focused strategies and in depth industry experience. The mission is to generate wealth for investors through relentless analysis without the constraint of focusing on market capitalization or maintaining index weightings.

About the Canadian Hedge Fund Awards

Sponsored by KPMG and media partners, Albourne and ISI Publications, the Canadian Hedge Fund Awards are an annual recognition of the best and the brightest in Canada's growing hedge fund industry. Performance is measured by the Hedge Fund Hotel's research team at the end of July of each year. Established hedge funds are judged in two categories; Best Annualized 3-year return and Best Annualized 3-year Sharpe Ratio, while hedge funds with less than a 3-year track record are evaluated by their 1-year return.

About the Canadian Investment Awards

Now in its 16^th year, the Canadian Investment Awards and Gala recognizes products, services and innovations that exemplify excellence within the Canadian financial services industry. Unique in its collaborative structure and broad representation, this is the only national awards event that reflects the collective judging efforts of a broad range of industry experts, financial advisors and investors. Other recipients of the 2009 Canadian Investment Awards included CI Investments Inc., Dynamic Funds, Beutel Goodman Inc. and Mackenzie Financial Corporation.

For further information:

Andrea Horan, CFA
Agilith Capital Inc.
[email protected]
416-637-4635
www.agilith.com