Algonquin Capital Launches the Algonquin Debt Strategies Fund
Algonquin Capital Corporation (“Algonquin Capital”) is pleased to announce the launch of the Algonquin Debt Strategies Fund. The fund offers investors access to fixed income strategies designed to overcome the challenges of today’s markets.
“The current interest rate environment poses significant obstacles for traditional fixed income products,” said Brian D’Costa, President, Algonquin Capital. “We believe the low level of interest rates will make it difficult to generate adequate returns, while an increase in rates could lead to material losses. Our fund aims to provide investors with an opportunity to profit from both rising and falling interest rate environments.”
The fund’s objective is to generate absolute returns with a low correlation to both interest rates and equity markets. The fund seeks to achieve this by separating fixed income instruments into their two main components, interest rate and credit return, and actively managing each independently.
The fund will invest primarily in investment grade corporate debt through both long and short positions by executing absolute value, relative value, and active trading strategies. Furthermore, the fund will utilize sophisticated hedging techniques and has the ability to employ modest leverage.
About Algonquin Capital
Algonquin Capital is a boutique investment firm specializing in fixed income solutions for high net worth and institutional investors. The firm combines 60 years of fixed income experience, with each partner having managed and traded multi-billion dollar portfolios. The team is led by President, Brian D’Costa, former Global Head of Fixed Income and Rates for CIBC, and Chief Investment Officer, Greg Jeffs, former Executive Director, Corporate Bond Trading for CIBC.
The information contained in this press release is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This press release is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities. An offering memorandum containing important information relating to the Algonquin Debt Strategies Fund has been prepared and the Algonquin Debt Strategies Fund is available only to investors that are “accredited investors” or qualify under certain other exemptions from prospectus requirements under applicable securities laws in Canada. Copies of the offering memorandum may be obtained from Algonquin Capital. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this press release. To the maximum extent permitted by law, none of Algonquin Capital, its directors, employees or agents, nor any other person accepts any liability, including without limitation, any liability arising out of fault or negligence for any loss arising from the use of the information contained in this press release.
This press release contains statements that constitute “forward looking statements”. Examples of these forward looking statements include, but are not limited to, (i) statements regarding future results of operations and financial condition, (ii) statements of plans, objectives or goals and (iii) statements of assumptions underlying those statements. Words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe” and other similar words are intended to identify forward looking statements but are not the exclusive means of identifying those statements. Forward looking statements included herein are based on current expectations and beliefs and Algonquin Capital disclaims, other than as required by law, any obligation to update any forward looking statements whether as a result of new information, results, future events, circumstances, or if Algonquin Capital’s expectations or opinions should change, or otherwise. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that such predictions, forecasts, projections and other forward looking statements will not be achieved. A number of important factors could cause Algonquin Capital’s actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements. As such, undue reliance should not be placed on any forward looking statement.