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TORONTO, May 11 /CNW/ - Creststreet is pleased to announce it has attracted an award winning investment team and will be expanding its investment focus beyond its success in the energy sector to the broader natural resource sector and will shortly be introducing an income fund for more conservative investors.
Creststreet was founded in 2000 on the premise that energy was becoming an increasing scarce commodity and that over time energy prices would rise. Our specialization in the energy sector has paid off handsomely for Creststreet's clients. The Creststreet Energy Opportunity Fund was ranked the No.2 energy hedge fund globally over the past three years according to the March, 2010 Barclay Managed Fund Report. In November, 2007 we launched the Creststreet Alternative Energy Fund, to capitalize on this extensive energy and alternative energy experience, and as of April 30, 2010, this fund has achieved an impressive 73% return since inception.
At Creststreet, we believe that Canada is now emerging from the global recession exceptionally well-positioned to benefit from the changing global economy. The strength and stability of Canada's financial system through the recent global financial crisis has made it the envy of the world. Canada's resource-based economy will benefit from the strong growth in developing areas of the world, such as China, India and Latin America, over the next decade. We believe this strong growth from emerging economies on top of existing demand from western countries will not only drive energy prices higher, but prices across the entire commodity spectrum.
A new world is emerging, and it is presenting Canadian investors with exciting new investment opportunities.
Creststreet is now seeking to expand on its success as an energy investment manager by broadening our investment expertise to all commodities and by reaching out to a wider investor base by offering a more conservative income-focused investment fund.
To this end, Creststreet is pleased to announce that Mr. William (Bill) Shaw and Mr. Paul MacDonald have joined Creststreet's investment management team as Senior Portfolio Manager and Portfolio Manager effective immediately. Bill has won a Canadian Investment Award for Canadian Dividend Fund of the Year and has 20 years investment management experience specializing in managing high yield income funds. Paul was previously involved with managing an award wining natural resources equity fund which was the top performing fund in Canada in the natural resources category for the year-ended December 31, 2009.
With our new expanded investment focus, Creststreet is also seeking to provide a higher level of service to our investment advisors and their clients by expanding our client service team. Mr. Alex Nayyar has joined the team as Vice President, Sales and will be responsible for servicing investment advisors across Canada.
Commenting on the expanded strategy and new additions to the team, Robert J. Toole, President and CEO of Creststreet said "With these new additions to the Creststreet team, we are seeking to expand the success we have had in the energy sector across the full commodity spectrum and to complement our higher return resource-focused funds with a more conservative income fund product. I am pleased to welcome Bill, Paul and Alex as partners in the firm and am excited by the new opportunities these changes create for our clients."
Advisors wishing further information or to arrange a meeting with members of Creststreet's team should contact Alex Nayyar, Vice President, Sales at 416 628 2161 or email@example.com.
Creststreet is an investment management firm specializing in structuring and managing high-quality energy focused investment products for Canadian and international institutional and high-net worth investors. Since inception in 2000, Creststreet has raised over $970 million for investment in resource and renewable energy companies.
SOURCE CRESTSTREET ASSET MANAGEMENT LIMITED
For further information: For further information: Alex Nayyar, Vice President, Sales, Direct: (416) 628-2161, Toll free: 1-866-864-6330 x2240, Email: firstname.lastname@example.org