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Liquid Alternatives: A diversifying investment option
Liquid alternatives, a relatively new portfolio solution for Canadians, can add significant benefits to your portfolio. Andrew Torres, Founding Partner and CEO at Lawrence Park Asset Management, answers your frequently asked questions. Watch to learn more about these unique solutions and how they can be used to your advantage.

Hedge fund strategies now in an ETF and mutual fund structure

Liquid alternatives bridge the gap between traditional mutual funds/ETFs and hedge funds, bringing together the best elements of both worlds.

Graphic illustrating how Liquid Alternatives relates to mutual funds and hedge funds

The democratization of an effective portfolio tool

  • Easy to add to your portfolio (prospectus-qualified)
  • Low minimum investment requirement starting at $500
  • Low-cost way to access the investment flexibility traditionally only found in hedge funds
  • Investment strategies uncorrelated to stock and bond markets
  • Solutions to diversify and potentially enhance portfolio outcomes

Strategies to complement and enhance

CI currently offers three distinct strategies, each carefully designed to provide diversification benefits within your portfolio. Each fund is overseen by talented and highly experienced alternative investment managers.

Fixed Income

CI Lawrence Park Alternative Investment Grade Credit Strategy

Corporate bond mandate with an investment grade bias seeking to profit from inefficiencies and mispricings through the use of alternative credit trading strategies.

  • Targets positive absolute returns and volatility minimization
  • Focus on capital preservation
  • Active and technical trading across global credit markets
  • Low correlation to fixed income
  • Low sensitivity to interest rate and currency movements

CI Marret Alternative Absolute Return Bond Strategy

Flexible, “go anywhere” fixed income mandate seeking to profit through all phases ofa market cycle.

  • Targets positive absolute returns over a market cycle
  • Returns that are not dependent on market directionality
  • Low volatility
  • Broad exposure to a variety of fixed income instruments
  • Tactical interest rate and credit risk management

CI Marret Alternative Enhanced Yield Strategy

Enhanced fixed income mandate providing an attractive yield while maintaining a strong focus on risk management.

  • Seeking highest return opportunities for the lowest amount of risk over a market cycle
  • Targets low volatility and a low correlation to equity and traditional income
  • Invests primarily in debt instruments across the credit spectrum, as well as cash or cash equivalents
  • A combination of top-down macroeconomic analysis and a bottom-up security level analysis

Equity

CI Munro Alternative Global Growth Strategy

Global growth mandate identifying, and profiting from, companies primed to be the winners and losers from structural and thematic changes in our world today.

  • Targets meaningful, risk-adjusted, absolute returns
  • High-conviction, concentrated positioning
  • Capital preservation
  • The ability to profit in rising and falling markets
  • A strong complement to existing fixed income or value-oriented equity exposure
View the full lineup
Graphic illustrating the the Liquid Alternatives investment strategy

Fitting into your existing asset allocation

It’s important to understand that liquid alternatives are not a new asset class, but rather a new type of investment strategy. Because liquid alternatives typically aim to add diversification benefits to portfolios, they can be used alongside existing positions as complementary funds. When combined effectively, liquid alternatives can help reduce portfolio volatility and potentially enhance returns.

The Result – A Better Equipped, All-Market Portfolio

When it comes to sophisticated investment types, experience matters

Liquid alternatives call for managers with the knowledge, expertise and tools at their disposal to implement the sophisticated strategies required to enhance your portfolio. At CI, we’ve partnered with highly respected and specialized managers who have, based on their track record, navigated various market cycles for high net worth and institutional clients around the world.

  • Lawrence Park Asset Management logo

    Lawrence Park Asset Management

    Alternative credit manager focused on generating fixed income alpha through an active and technical approach to global investment grade credit trading.

    Learn more

  • Marret Asset Management logo

    Marret Asset Management

    Alternative asset manager specializing in global fixed income and active duration management.

    Learn more

  • Munro Partners logo

    Munro Partners

    Global absolute return manager focused on identifying growth equities primed to benefit from structural and thematic changes in our world today.

    Learn more

Learn more about CI Liquid Alternatives

Munro Partners: Philosophy and Process
Munro Partners: Philosophy and Process

Munro Partners’ Founding Partner and Chief Investment Officer, Nick Griffin, discusses the team’s investment philosophy and growth approach, revolving around absolute returns and risk management.

Marret Asset Management Inc.: Philosophy and Processs
Marret Asset Management Inc.: Philosophy and Process

Paul Sandhu, President and Chief Executive Officer at Marret Asset Management Inc., describes the foundation of their investment approach, an in-depth analysis of the global macro-economic environment, as well as the firm’s stand-alone fixed-income solutions which span the entire fixed-income spectrum.

Lawrence Park Asset Management: Philosophy and Process
Lawrence Park Asset Management: Philosophy and Process

Andrew Torres, Founding Partner and Chief Executive Officer at Lawrence Park Asset Management discusses the team’s philosophy which focuses on providing investors with diversification from traditional fixed-income strategies while maintaining low volatility.

MasterClass: Liquid Alts - November 2019
MasterClass: Liquid Alts - November 2019

Andrew Torres, Founding Partner and CEO of Lawrence Park Asset management, discusses Canada’s liquid alternatives landscape on Asset TV’s Masterclass Series.

We believe strongly in the value of sound financial advice. Speak to a trusted advisor about how CI’s investment solutions can help you achieve your financial goals.

If you don’t have a financial advisor you may want to review: Why should I invest with a financial advisor?

Advisors, please contact your CI Sales Team representative to learn more.

1-800-268-9374

Important Disclaimers

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

These mutual funds are alternative funds with the ability to invest in asset classes or use investment strategies that are not permitted for conventional mutual funds. The specific strategies that differentiate these funds from conventional mutual funds include: increased use of derivatives for hedging and non-hedging purposes; increased ability to sell securities short; and the ability to borrow cash to use for investment purposes. While these strategies will be used in accordance with the funds’ investment objectives and strategies, during certain market conditions they may accelerate the pace at which your investment decreases in value.

This communication is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or an offer or a solicitation to buy or sell securities. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.

Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Investments Inc. believes to be reasonable assumptions, CI Investments Inc. cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

Lawrence Park Asset Management Ltd., Marret Asset Management Inc., and Munro Partners are portfolio sub-advisors to certain funds offered and managed by CI Investments Inc. Marret Asset Management Inc., is a majority owned subsidiary of CI Financial Corp. and an affiliate of CI Investments Inc. CI Financial Corp. holds a minority interest in Lawrence Park Asset Management.

CI Liquid Alternatives™ is a trademark of CI Investments Inc. CI Investments® and the CI Investments design are registered trademarks of CI Investments Inc.

©CI Investments Inc. 2019. All rights reserved. 

Published May 25, 2020