CI Financial To Invest In Canuck Credit Fund, Offer It To Clients

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...