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Aventine’s Barry Hirowatari appointed sub-advisor to AlphaDelta Tactical Growth Class Fund


AlphaDelta Funds has launched a new investment product – the AlphaDelta Tactical Growth Class Fund – the firm’s third mutual fund – which will be managed by 23 year investment industry veteran Barry Hirowatari of Aventine Management Group. 

Hirowatari employs a proprietary tactical momentum strategy for selecting securities, as well as for setting sector and asset class weights. Applied rigorously, Hirowatari has a "hard wired" sell discipline to protect against periods of unusual volatility in the equity markets. Hirowatari has been managing this tactical growth strategy for five years.

The new fund joins two previous launches from AlphaDelta: The AlphaDelta Canadian Prosperity Class Fund, launched February 2015 and sub-advised by Chris Page of Laurus Investment Counsel, that promptly out performed its benchmark by more than 11 per cent in its first 12 months; and the AlphaDelta Growth of Dividend Income Class Fund sub-advised by award-winning Dr John Schmitz, CFA of SciVest Capital Management. Dr Schmitz's focus is on investments that provide a "growing" annual dividend income stream opposed to the typically constrained fixed income investment.

"We are really excited to be adding Barry and the fund he sub-advises to our line-up," says Victor Therrien, CEO of AlphaDelta. "That's the real coup here – a proven manager, a proven strategy and no one else is offering it as a mutual fund choice for Canadian investors." 

AlphaDelta has at least three more fund launches planned for 2016 and 2017.

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