TSX Symbol: CIX
TORONTO, July 17, 2013 /CNW/ - CI Investments Inc. ("CI") announces the
launch of the Lawrence Park Strategic Income Fund, expanding CI's
selection of funds in the global fixed-income category. The portfolio
manager is Lawrence Park Capital Partners Ltd. ("Lawrence Park").
The Lawrence Park Strategic Income Fund's mandate is to generate
positive returns with low volatility through exposure to global
corporate bond markets, 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 Derek J. Green, CI President. "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.
About Lawrence Park Capital Partners
Lawrence Park is a Toronto-based independent investment management firm
specializing in fixed-income alternative investment strategies. The
team of seasoned investment professionals is led by David Fry and
Andrew Torres. Their rigorous investment process maximizes access to
credit market opportunities while minimizing volatility found in
traditional fixed-income markets. For more information, visit www.lpcapitalpartners.com.
About CI Investments - Canada's Investment Company
CI is one of Canada's largest investment management companies. It offers
a broad range of investment products and services, including an
industry-leading selection of investment funds, and is on the Web at
www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an
independent, Canadian-owned wealth management firm with approximately
$106 billion in assets as of June 30, 2013.
SOURCE: CI Investments Inc.
For further information:
Director, Business Development
Lawrence Park Capital Partners