TORONTO, March 5, 2015 /CNW/ - Lawrence Park Capital Partners (LPCP), an alternative fixed-income manager based in Toronto, is pleased to celebrate its third anniversary after announcing returns of +1.54% for February 2015.
The boutique manager was founded in September 2011 and launched its flagship fund, Lawrence Park Credit Strategies Fund, on March 1, 2012 after signing a partnership agreement with CI Financial Corp. Over its entire three-year history, the Credit Strategies Fund has generated a net return after fees of 21.03% for Series A investors, with positive results in 32 of 36 months and volatility lower than the FTSE TMX Canada All Corporate Bond Index. LPCP launched with C$35 million in assets under management and currently manages over C$400 million across a variety of fixed-income mandates.
"Lawrence Park Capital was created to deliver high-quality fixed-income strategies for Canadian institutions and individuals," said Andrew Torres, Founding Partner and Chief Investment Officer. "In this era of extremely low yields, we are very pleased to have delivered significant returns while avoiding the interest rate volatility associated with traditional fixed-income products."
"The success of Lawrence Park Capital reflects our commitment to finding and developing investment management talent in Canada," said Stephen MacPhail, President and Chief Executive Officer of CI Financial. "Andrew and his team have established themselves as an excellent choice for investors seeking strong risk-adjusted fixed-income solutions."
About Lawrence Park Capital Partners
Lawrence Park Capital Partners Ltd. is an independent investment management firm based in Toronto, Canada, specializing in fixed income and credit. The management team at Lawrence Park collectively hold over 70 years of global bond trading and credit market expertise. With a disciplined approach, active trading strategies and sound risk management, the firm focuses on delivering consistent, institutional class returns.
About CI Financial
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with $140.6 billion in assets as of February 28, 2015. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.
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 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, (416) 646-2180, www.lpcapitalpartners.com