Monday, 22 September 2014
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.