CI Investments Launches Lawrence Park Fixed-Income Fund

Jul 18 2013 | 11:28am ET

CI Investments, a leading Canadian investment manager with $74 billion in assets under management, has launched the Lawrence Park Strategic Income Fund.

The fund, to be managed by Lawrence Park Capital Partners (in which CI holds a minority interest) expands CI's offering in the global fixed-income category.

The new fund's mandate is to generate positive returns with low volatility through exposure to global corporate bond marketplace and provide protection from rising interest rates. The fund manages a portfolio of primarily investment-grade corporate bonds, while using hedging tools to lower the interest rate duration of the portfolio and help to immunize the fund from interest rate moves. The fund relies on Lawrence Park's expertise in security selection across corporate bond markets in Canada, the U.S. and Europe and invests in securities that the team believes offer significant relative yield and an opportunity for capital appreciation.

Lawrence Park uses a relative value approach to generate alpha and identify securities that appear undervalued in the context of the global fixed-income market, and selects securities that it believes will outperform in the medium term.

"We are pleased to offer a CI mutual fund managed exclusively by Lawrence Park," said CI President Derek J. Green in a statement. "The team has over 70 years of combined experience in global fixed-income and credit investing and offers a unique approach to fixed-income investing aimed at enhancing yield and reducing volatility. We believe that this new fund offers an alternative for investors looking for safety in a rising-rate environment, with the ability to participate in the upside of an improving global economy."

Lawrence Park also currently manages a portion of the portfolio of CI's United Canadian Fixed Income Pool, and is portfolio manager of the Lawrence Park Credit Strategies Fund, which is available to exempt or accredited investors only.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note