“Alternatives offer a number of advantages and are increasingly being adopted by advisors and investors. As we modernize our wealth management business, our priority is to build on CI’s leadership in this category. “
Andrew Torres, Founding Partner and CEO of Lawrence Park, said, “We share CI’s commitment to alternative investments and are excited to be part of the advancement of innovative mandates in this space.
“We look forward to integrating with the CI Global Asset Management organization with its extensive resources, research capabilities and sales opportunities.”
Upon completion of the transaction, the Lawrence Park team will continue to manage its current funds: the CI Lawrence Park Alternative Investment Grade credit fund, available as a liquid alternative mutual fund and ETF (TSX: CRED, CRED.U), and Lawrence Park Credit Strategies Fund, a hedge fund available to accredited investors. The team’s investment approach will not change.
Lawrence Park uses a simple but proven relative valuation approach to identify and capitalize on inefficiencies in the global corporate bond markets (Canada, US and Europe) and employs a disciplined active portfolio management process. This includes a comprehensive consideration of risk management, including hedging strategies against rising interest rates, currencies and selected credit risks. With this investment process, Lawrence Park seeks to increase returns, reduce volatility, and provide consistent returns to investors in different interest and credit environments.