Picton Mahoney Asset Management Appoints New Sub-Advisor for PICTON Market Neutral Equity Alternative Fund and PICTON Multi-Strategy Alpha Alternative Fund

Picton Mahoney Asset Management (“PICTON Investments”) today announced that SMA Capital LLC (“SMA Capital”) has been appointed as sub-advisor for the PICTON Market Neutral Equity Alternative Fund and the PICTON Multi-Strategy Alpha Alternative Fund (collectively, the “Funds”), effective July 10, 2026. SMA Capital is an alternative asset management firm that operates a platform of single-manager hedge fund strategies. Established in January 2025, the firm manages a suite of specialized long/short equity strategies across a range of sectors and geographies, including Industrials, Consumer, Asia Technology, Capital Markets, Healthcare and Latin American Equities. SMA Capital manages investment strategies for institutional investors, family offices and other sophisticated investors, and its platform is designed to support independent portfolio managers operating distinct strategy-specific mandates while benefiting from centralized infrastructure, risk management, compliance and operational support.

The appointment of SMA Capital does not result in any change to the investment objectives or investment strategies of the Funds. PICTON Investments continues to act as manager and portfolio advisor of the Funds.