Wednesday, 27 May 2015
Last updated 2 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…