East Coast Investment Grade Fund, advised by East Coast Fund Management targets investors seeking wealth preservation with consistent absolute returns and low risk
TORONTO, Dec. 14 /CNW/ - East Coast Fund Management Inc. today announces the launch of East Coast Investment Grade Fund with Arrow Hedge Partners Inc. Similar to The East Coast Performance Fund, this fund will invest primarily in investment grade credit instruments of Canadian companies. The Fund's investment objectives are to provide consistent absolute target returns between 8 - 12% while using hedging strategies to minimize systemic risk to capital at all times. This Fund enables investors to extract returns from credit exposure through fixed income assets; while avoiding the volatility of equity markets and thereby delivering consistent results in all, even uncertain markets.
The East Coast Investment Grade Fund is available on FundSERV. The Fund invests in investment grade credit securities, and uses a combination of relative value, active trading and in-depth research to achieve the return targets while minimizing key risks in the portfolio, such as interest rate and systemic risk. The Fund will also, from time to time, execute macro type trades as an overlay to the main fund strategy. These trades are designed to take advantage of opportunities in other risk categories including equities, commodities and foreign exchange.
The founding partners have a policy of significant investment alongside clients to ensure management and investor interests are fully aligned. "We are committed to providing innovative investment products with full transparency and value. The East Coast Performance Fund is a cornerstone of our own wealth preservation strategy," says John Schumacher, Founding Partner of East Coast Fund Management Inc.
"We have entered a period of higher volatility," claims Mark Purdy, Managing Director and Chief Investment Officer of Arrow Hedge Partners. "It is critical that investors and their advisors review their portfolios to ensure they are protected on the downside and delivering consistent absolute returns."
"The differentiating factor of East Coast Fund Management is that John and I have a record of maintaining returns and preserving capital in turbulent times," says Mike MacBain, Founding Partner of East Coast Fund Management Inc. "Our risk management experience from past roles allows us to view portfolio management in terms of both absolute returns and risk mitigation."
About East Coast Fund Management Inc.
East Coast Fund Management Inc. ("ECFMI") was established by founding partners John Schumacher and Mike MacBain who combined have over 50 years of capital markets experience. John Schumacher was past Co-Chairman and Co-CEO of Scotia Capital and Mike MacBain has had a very successful career as past Managing Director of RBC Fixed Income Globally and prior, was President of TD Securities. Building on the launch of their first fund, the East Coast Performance Fund in April 2010, ECFMI is committed to providing a suite of unique investment products with sustainable cost effective returns.
More information on East Coast Fund Management is available at our website www.ecfmi.com.
East Coast investment products are offered only through offering memorandum to accredited investors. Please review the most recent offering memorandum for a detailed description of the Fund's strategy, objectives and risk factors. The above is provided for information purposes only and is qualified in its entirety by way of the most recent offering memorandum, which is only available to qualified investors. Prospective investors should consult with a professional investment advisor before investing. Past performance cannot predict future results.
About Arrow Hedge Partners
Arrow Hedge Partners Inc. is an investment management company that specializes in providing access to high-quality hedge fund managers and multi-manager funds of funds to a wide range of clients, including family offices, institutions, pension funds and high net-worth individuals. Arrow Hedge Partners Inc. is a member of AIMA (Alternative Investment Management Association) and is a substantial co-investor in its own funds. Arrow Hedge Partners Inc. is headquartered in Toronto, Canada, with sales offices in Vancouver, Calgary and Geneva. Arrow Hedge currently manages over CDN$850 million on behalf of high net-worth and institutional investors globally.
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