Redwood Asset Management Inc.

Redwood Asset Management Inc.

September 21, 2011 12:40 ET

Redwood Announces Partnership With Red Sky Capital Management

Newly Named Fund Addresses Investor Need for Low Volatility Returns

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2011) - Redwood Asset Management is pleased to announce a change in management and name to the Redwood Conservative Long/Short Equity Fund.

Effective immediately, Red Sky Capital Management will assume the role of Portfolio Manager to the Fund and the Fund name will change to the Redwood Absolute Return Fund.

Led by Timothy Lazaris, Red Sky Capital Management is a dedicated alternative asset manager founded in 2010. The group of Partners at Red Sky have extensive experience in the financial services industry, including investment management and research in a number of sectors including Financial Services, Energy and Materials. The team has also developed a solid track record managing long/short equity mandates.

"Given the current market volatility, our partnership with Red Sky will help Investment Advisors address their clients need for low volatility, consistent returns," said Peter Shippen, President of Redwood. "There are very few high quality conservative long/short mandates currently accessible to Canadians; the Redwood Absolute Return Fund is an ideal solution to meet the needs of many accredited investors."

Redwood Asset Management is a Toronto-based Investment Fund Manager focused on delivering unique investment mutual fund and alternative strategy mandates to meet specific investment needs of Canadian investors. www.redwoodasset.com. Needs Based Investing.

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