Lawrence Park Credit Strategies Fund launched in March 2012
TORONTO, March 5, 2013 /CNW/ - Lawrence Park Capital Partners Ltd.
(LPCP) today announced that the first-year return on the Lawrence Park
Credit Strategies Fund series F (the "Fund") is 10.79%. The Fund is
managed by LPCP, who announced in December that it had surpassed $200
million of firm-wide assets under management in its first nine months
The Fund was launched on March 1, 2012, and just completed its first
year of operations. Combined with the strong absolute returns achieved
during the period, the Fund also delivered on its promise of capital
preservation and low volatility, resulting in some very high
"This supports our thesis that you can apply a long/short hedge strategy
to a portfolio of global corporate bonds, and deliver significantly
superior risk-adjusted returns versus a similar long-only portfolio,"
said Andrew Torres, Co-Founder and CIO, LPCP. For comparison, the DEX
Corporate Index returned 5.75% during the equivalent one-year period.
"We look forward to continuing to demonstrate this thesis in 2013, a
year in which we foresee index returns being more challenged, and
outperformance coming through active management."
The Fund focuses on Canada and the rest of the world for the best ideas
from the major global credit markets. Positions are taken from both the
long and short side to create a portfolio of securities with mean
reversion potential. The Fund selectively uses derivative strategies to
hedge downside risk to enhance potential returns.
"We've had a strong start to the Fund and the development of the
investor base," said David Fry, Co-Founder and CEO, LPCP.
"Increasingly, we are seeing a wide range of retail and institutional
investors recognizing the risks in long-only fixed-income strategies,
and who are looking for high-quality solutions, like the Lawrence Park
Credit Strategies Fund."
The Fund is available only to qualified investors in Canada. All return
figures for the Fund are net of management fees, performance fees,
trailing commissions (if any) and Fund expenses. Please read the
Offering Memorandum carefully before investing. Any indicated rates of
return are the historical monthly and year-to-date compounded returns,
including changes in security value and reinvestment of all
distributions and does not take into account any redemption charges or
applicable income taxes payable by any securityholder that would have
reduced returns. The Fund's returns are not guaranteed, its value
changes frequently and past performance may not be repeated.
SOURCE: Lawrence Park Capital Partners
For further information:
Lawrence Park Capital Partners Ltd.
+1 416 646-2180; firstname.lastname@example.org