Take an alternative approach to your portfolio

A florist in his flower shop smiles as he looks at his tablet screen.


Alternative investments represent a broad category of assets and are different than the three traditional ones: stocks, bonds, and cash. The purpose of Alternative investments is to provide growth and reduce risk through the diversification and investment in non-traditional strategies and assets.

Alternative assets can include:

Alternative strategies rely on the investment manager’s unique skills and expertise.

Some Alternative investment strategies include:

  • Long/short
  • Market neutral
  • Arbitrage
  • Multi-Strategy

Both alternative assets and strategies are a rapidly growing segment of the investment universe that is gaining popularity1 and use with retail investors. Once exclusively available to accredited investors and institutions only, in the past few years they have become democratized thanks to changes in regulations and a dramatic increase in product options ­– and are now available for a broader set of investors through prospectus offered mutual funds known as “Alternatives.”

A florist in his flower shop smiles as he looks at his tablet screen.

NEI Long Short Equity Fund

Introducing the NEI Long Short Equity Fund. Sub-advised by Picton Mahoney Asset Management, specialists and a pioneer in alternative investing in Canada. The Fund aims to provide consistent long-term capital appreciation with an attractive risk-adjusted rate of return in any market condition. The long/short equity strategy is designed to dampen volatility and mitigate downside risk relative to typical long-only portfolios, which are heavily exposed to broad market movements. Coupled with our exclusionary screens, ESG integration, and active ownership strategies, these add another layer of risk mitigation through our responsible investing framework.


NEI Long Short Equity Fund offers:

  • Alpha generation: potential to drive alpha, excess return over benchmark, regardless of market conditions by taking advantage of both long and short positions, creating a balanced investment approach.
  • Risk reduction: the fund targets a beta of 0.75 vs the S&P/TSX, which reduces the risk relative to the broader market which can lead to more stable returns during market fluctuations.
  • Responsible investing: the application of our exclusionary screens, active ownership, and ESG integration adds an extra layer of risk mitigation in a way that can help grow wealth by ensuring the sustainability and viability of the companies we invest in.

NEI Long Short Equity Fund

Picton Mahoney Asset Management


Fund Name Responsible investment strategy Portfolio manager or sub advisor
NEI Long Short Equity Fund
Picton Mahoney Asset Management
Go to link

Learn about our responsible investment strategies

Our funds employ up to four responsible investment strategies: exclusionary screens, ESG integration, impact & thematic, and active ownership. 

You will see on the right we have included an icon for fossil fuel exclusions. While we do not consider that to be a distinct responsible investment strategy, we do believe it’s useful for investors to be able to identify those funds at a glance.

Exclusionary screens

Companies may be excluded from the funds based on certain criteria, such as revenue generated from the tobacco and gambling industries, or because they produce fossil fuels.

Fossil fuel exclusions

While not a distinct responsible investment strategy, certain funds do exclude oil, gas, and coal exploration and production companies, as well as companies with significant carbon reserves on their balance sheets.

ESG integration

Companies are evaluated on their environmental, social and governance (ESG) performance and ESG considerations are integrated throughout the investment process.

Impact & thematic

Impact funds strive to make a measurable difference on society and the environment based on specific goals. Thematic funds focus on an investment “theme,” such as climate change, resource scarcity, or energy infrastructure.

Active ownership

We use our rights as shareholders to influence corporate behaviour. Tools include corporate dialogue, proxy voting, and shareholder proposals.

Other asset classes



Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.