Wednesday, 17 December 2014
Last updated 4 hours ago
Feb 14 2012 | 12:12pm ET
Canadian wealth manager CI Financial Corp. will both invest in Toronto-based Lawrence Park Capital Partners’ Credit Strategies Fund and offer it to its high-net-worth clients.
CI, a leading Canadian fund company, will take “a significant minority interest” in the alternative investment manager, subject to regulatory approval.
The fund is managed by LPCP co-founders David Fry (CEO) and Andrew Torres (CIO). The fund focuses on "low volatility returns and capital preservation, utilizing sound risk management, disciplined trading parameters and unique insight into the interconnections between global credit markets," according to a press release.
“CI’s participation in the Credit Strategies Fund helps us achieve scale and size significantly ahead of our original goals,” said Fry. “CI’s distribution network will complement our efforts to bring the fund to the attention of Canadian HNW and institutional investors.”
“We designed the fund around trade strategies used profitably by banks and hedge funds globally for well over a decade,” said Torres.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.