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 of operations.
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 risk-adjusted returns.
"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; [email protected]