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Bloomberg News | Jan 17, 2020

Liquid Alternatives Catch On in Canada With New Algonquin Fund

Paula SamboBloomberg News

Algonquin Capital Corp. is wading into the nascent market for liquid alternatives in Canada, launching a hedge fund-like mutual fund that’s available to retail investors.

The firm is planning to raise as much as C$3 billion ($2.3 billion) over the next three to five years for the credit fund, adding to its C$450 million in assets under management, partner Brian D’Costa said.

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