Saturday, 30 August 2014
Last updated 1 day ago
Apr 26 2012 | 2:31am ET
Toronto-based Lawrence Park Capital Partners hopes to grow quickly following a key seeding agreement.
The fixed-income specialist in February won the backing of CI Financial Corp., which took a minority stake in the firm and provided seed capital for its flagship Credit Strategies Fund, which debuted last month. But Lawrence Park co-founder David Fry is thinking much bigger.
Credit Strategies, which returned 0.53% in its first month, currently managed C$36 million. But Fry wants to almost triple that this year and increase it by a factor of almost six by the end of next year.
"We’d like to be a C$100 million by year-end," he told Reuters. "I'm reasonably confident that we'll get there, probably double that for the end of 2013."
Fry and co-founder Andrew Torres say Lawrence Park is offering a strategy that is all too rare in Canada, at a time when opportunities are ripe.
"Those types of activities at most global banks are going the way of the dodo essentially," Fry said. "Our thought really is that we can take that strategy… and put that in a product that we can deliver to Canadian investors who are, from what we can tell, generally starved of alternative fixed-income products."
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...