BMO Global Unveils Liquid Alternatives Fund

Dec 17 2014 | 9:23am ET

BMO Global Asset Management has launched a liquid alternative fund which seeks to provide investors with an additional source of portfolio diversification and return over varying market environments.

"With market conditions that can easily fluctuate, investors should pay closer attention to the sources of risk when choosing investment products," said Craig Rawlins, chief investment officer for BMO Global Asset Management. "The range of strategies employed within the BMO Alternative Strategies Fund seek to improve diversification while providing liquidity that is typically not associated with alternative strategies. This fund also provides a broader range of investors with access to non-traditional investment strategies, which are often available only to institutional and ultra high-net-worth investors."

The fund—BMO Alternative Strategies—will be managed by BMO Asset Management Corp. in collaboration with CTC / myCFO, LLC., an affiliate of BMO Financial Group with decades of experience in alternative investment research and customized portfolio construction. CTC / myCFO will provide strategic recommendations regarding the selection of multiple underlying sub-advisers and the allocations among them, as well as ongoing monitoring.

"Brought together to form a single fund, the underlying managers' strategies combine to meet the overall investment objective of capital appreciation using a broad range of strategies," said Lowell Yura, head of multi-asset solutions, BMO Global Asset Management and portfolio manager of the fund.

Some of the strategies employed in the fund include long/short equity, capital structure arbitrage and event-driven tactics. Jointly, the strategies emphasize absolute return, relying less on the direction of markets to meet client objectives.

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