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SOURCE Vision Capital Corporation
TORONTO, Oct. 4, 2013 /CNW/ - Vision Capital Corporation ("Vision") is pleased to announce that the Vision Opportunity Fund Limited Partnership II ("Vision LP II") received an award at the 2013 Canadian Hedge Fund of the Year Awards held last night hosted by KPMG.
The Vision LP II received the award for the second highest Three-Year Annualized Return.
This is the fifth consecutive year since the inception of the Vision Opportunity Funds that a Fund managed by Vision Capital Corporation has been recognized at the annual Canadian Hedge Fund of the Year Awards.
Mr. Jeffrey Olin, President and CEO, and Co-Portfolio Manager of Vision Capital Corporation, commented that, "This recognition is a testament to the quality and depth of experience of the Vision team. It also serves as continued validation for the strategy we employ and the focus and discipline we maintain in our execution."
Mr. Frank Mayer, Chairman and Co-Portfolio Manager of Vision added, "We are particularly pleased that we continue to be recognized for our long-term performance."
About Vision Capital Corporation:
Vision Capital Corporation ("Vision"), a registrant with the Ontario Securities Commission, currently manages the Vision Opportunity Funds (the "Funds"), comprising a range of private investment products currently available to accredited investors. The Funds focus primarily on the real estate sector and currently invest predominantly in publicly-traded equity and debt securities.
Vision's strategy and approach, in conjunction with the experience and skills of the Vision team, has generated strong absolute and relative returns. Since inception on July 2nd, 2008, through September 30th, 2013, the Vision Opportunity Fund Limited Partnership has delivered a compound annual return of approximately 20%, net of all fees and expenses, representing a cumulative total return of approximately 155%.
The Vision Funds have received considerable industry recognition for their leading risk-adjusted total return performance, including:
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