NEWS AND INSIGHTS

September 30, 2022
Top Contender for a 2022 Canadian Hedge Fund Award - We launched our Veritas Absolute Return Fund three years ago to action the long and short ideas of our sister company, Veritas Investment Research Corp. Last year was a strong one for the fund as it is a Top Contender for a 2022 Canadian Hedge Fund Award in the Equity-Focused 1-Year Return category. Not that long ago, Canada's hedge fund space was small and niche. But not anymore, with 246 Canadian hedge funds considered for a 2022 CHFA. The awards will be presented on Tuesday, November 22, 2022, at a gala awards dinner at One King West Hotel in Toronto.

December 17, 2021
Bearish on the overvaluation of renewable energy companies - This article in The Globe & Mail featured long/short ideas of Veritas Asset Management, noting our funds have been bearish on the overvaluation of renewable energy companies (such as TransAlta Renewables Inc.) relative to energy companies pivoting from fossil fuels to renewable energy (such as TransAlta Corp.). “Coal, oil and gas producers are out of favour with investors that have embraced the ESG movement,” said Sam La Bell, an Advising Representative and Director at Veritas Asset Management. “Yet, many are transitioning to renewables and have strong cash flows; moreover, wind, solar and other renewable energy companies have production risks because the wind doesn’t always blow and the sun doesn’t always shine.”

March 16, 2021
Liquid Alt Funds in 2020 - These alternative approaches to diversification delivered last year - This Morningstar article profiles the performance of the top-10 Canadian liquid alternative funds in the tumultuous year ended January 31, 2021, including the Veritas Absolute Return Fund.

September 15, 2020
Downtown Won’t Become a Ghost Town - Veritas President and CEO Anthony Scilipoti discusses how companies will adjust their office footprint after the pandemic and that this will pressure rent.

April 30, 2020
How have liquid alts performed in this downturn? - This Morningstar article notes that the Veritas Absolute Return Fund has posted consistent positive returns in the downturn and since inception.