- Launches the CQI Income Opportunities Fund
TORONTO, June 6, 2013 /CNW/ - GMP Capital Inc. (GMP) (TSX:GMP) today announced that it is changing the name and brand of its asset management business to CQI Capital Management L.P. (CQI), effective immediately. The new corporate name and brand underscores the strategic repositioning of the business and the alignment of its mandate with the franchise-building efforts of GMP's business partners at Richardson GMP Limited. In conjunction with the rebranding, the GMPIM Equity Opportunities Funds has been renamed the CQI Equity Opportunities Funds.
"The rebranding initiative is a strategic component to CQI's evolution, which clearly communicates the drivers of CQI's investment management process - Cyclical and Quantitative Investing," said Dan McClure, Chief Executive Officer, CQI. Mr. McClure continued "With an experienced team of investment professionals with proven track records of performance, we are looking confidently at the future and our prospects for growth."
Concurrently, CQI also announced the launch of the CQI Income Opportunities Fund, an equity-focused income fund which seeks to provide investors with stable returns while effectively reducing downside volatility and a view toward wealth preservation. The fund's investment strategy will be opportunity led, targeting a broad set of securities across the North American equity investment universe.
Commenting on the launch of the CQI Income Opportunities Fund, Mr. McClure said, "The combination of our depth of expertise together with CQI's proprietary investment process and robust risk management represents an ideal platform to identify and capitalize on a wide set of investment opportunities that we believe exist in North American equities."
Under the leadership of Chief Executive Officer Dan McClure, CQI will remain focused on providing unique and differentiated investment management products and services to high-net-worth individuals and institutional investors. CQI follows a unique macro-driven, quantitatively-informed investment process that is supported by a fundamental due diligence approach for security selection and an integrated and comprehensive risk management process.
As previously announced, CQI continues to manage the CQI Equity Opportunities Funds and the Genesis Partners Fund LP, ensuring that investors in those funds continue to benefit from the same management team that is currently overseeing their assets.
"We are fortunate to have GMP as a strategic partner, which will allow CQI to operate independently within the framework of a much larger organization that offers scale and strength to our business," said McClure. "We are also energized by the prospect of working closely with Richardson GMP to identify opportunities to develop customized investment offerings for their extensive and sophisticated high-net-worth clientele."
ABOUT CQI CAPITAL MANAGEMENT L.P.
CQI Capital Management L.P. (CQI) is an asset management firm focused on providing unique and differentiated investment management products and services to high-net-worth individuals and institutional investors. CQI and its team of experienced investment professionals follow a disciplined investment process with a goal to provide investors with superior risk-adjusted returns through all phases of the business cycle. CQI draws on expertise in equities, commodities, fixed income, currencies and the derivative markets to deliver investment solutions designed to meet the diverse needs of investors. CQI is registered as an Exempt Market Dealer, Commodity Trading Manager, Portfolio Manager and Investment Fund Manager with the Ontario Securities Commission and is registered as an Exempt Market Dealer with all provincial securities commissions. CQI is a majority-owned subsidiary of GMP Capital Inc. (TSX:GMP), a leading independent diversified financial services firm headquartered in Toronto, Canada. For further information, please visit www.cqicapital.com.
ABOUT GMP CAPITAL INC.
GMP Capital Inc. (GMP) is a leading independent diversified financial services firm headquartered in Toronto, Canada, providing a wide range of financial products and services to a global client base that includes corporate clients, institutional investors and high-net-worth individuals in two integrated reporting segments. The Capital Markets segment provides investment banking, including advisory and underwriting services, institutional sales and trading and research through offices located in Toronto, Montreal, Calgary, New York, Miami, Dallas, London, Perth and Sydney. The Capital Markets segment conducts its business through the following operating entities: GMP Securities L.P., GMP Securities, LLC, Griffiths McBurney Corp., GMP Securities Europe LLP and GMP Securities Australia Pty Limited. Wealth Management consists of GMP's non-controlling ownership interest in Richardson GMP Limited and the investment management and alternative investment products provided by CQI Capital Management L.P. Richardson GMP Limited is a full-service independent firm focused on providing exclusive and comprehensive wealth management and investment services delivered by an experienced team of investment professionals. GMP is listed on the Toronto Stock Exchange under the symbol "GMP". For further information, please visit our corporate website at gmpcapital.com.
SOURCE: GMP Capital Inc.
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