About Us

We think and act differently. Founded in 2004 and 100% employee-owned, we invest alongside our clients using a momentum-based investment process.

  • PRECISE PORTFOLIOS
    We offer carefully engineered portfolios designed to meet the precise needs of our clients. But what unites our strategies is our focus on maximizing risk-adjusted returns.
  • CRITICAL THINKING
    Our innovative strategies are rooted in fundamental change, sophisticated modelling, stress testing and forward thinking to maximize returns for each intended risk.
  • SOPHISTICATED CONTROLS
    Our agile and sophisticated controls constantly test and retest our outlook and allocations (disrupting our assumptions).

Our Funds

Our suite of funds gives investors more choice and ease of access to equity exposure – helping investors achieve their financial goals with greater certainty.

Our Team

The Picton Mahoney portfolio management team is guided by – and committed to – our founding principles; offering solid risk-adjusted performance through hedge fund strategies. Our firm is 100% employee-owned and all senior partners and portfolio managers invest in our funds alongside our clients.

David Picton

President, CEO and Portfolio Manager, Canadian Equities

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Jeffrey Bradacs, CFA

Portfolio Manager, Canadian Equities

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Michael Kimmel, CFA

Portfolio Manager, U.S. Equities

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Michael Kuan, CFA

Portfolio Manager, International Equities

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Our Philosophy

Our founding portfolio managers believe in the same investment philosophy and rely on the same disciplined, consistent and repeatable momentum-based investment process when constructing and managing our clients’ portfolios.

We believe investment success is predicated on the right blend of art and science. Our investment results show the strength of our unique blend of these key ingredients:

focusing on fundamental change

Our quantitative team uses proprietary models focusing on fundamental change – searching for low-risk, early-stage change ideas in order to create portfolios with consistent characteristics over time.


strategies focusing on the sustainability of fundamental changes

Independent of this, our team uses traditional research strategies focusing on the sustainability of fundamental changes.


risk is explicitly managed

Proper risk control is a key component to generating consistent outperformance – risk is explicitly managed.

Since inception, we have relied on the same disciplined, consistent and repeatable process for our core funds – process designed to help our clients reach their long-term investment objectives while explicitly managing risk.


PMAM uses a disciplined and repeatable three-step process of idea generation, portfolio construction and continuous learning

Our Insights

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Synergy American Corporate Class

First Quarter 2021

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Synergy Canadian Corporate Class

First Quarter 2021

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Synergy Global Corporate Class

First Quarter 2021

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