Press Releases, Articles & Announcements
PCJ Absolute Return Portfolio Launched in Liquid Alt Fund Format
March 5, 2021
TORONTO, March 5, 2021—Connor, Clark & Lunn Funds Inc. (CC&L Funds) announced today the launch of the PCJ Absolute Return II Fund, a market neutral, absolute return strategy targeting long term returns similar to equities, but with less volatility and low correlation to market direction. The Fund will be offered via prospectus under the alternative mutual fund framework (Liquid Alt) and will be managed by PCJ Investment Counsel Ltd. (PCJ), consistent with a portfolio they have managed institutionally for the past 10 years.
Both CC&L Funds and PCJ are part of the Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), one of Canada’s largest independently owned asset management firms, and a leader in alternative investments, responsible for over $86 billion in assets on behalf of institutional investors globally, as well as individual investors in Canada.
“We have been fortunate to partner with a number of top investment advisory teams across Canada who have told us in recent years that they want the convenience of an absolute return portfolio in Liquid Alt form, but also one with a demonstrated track record of success. With the launch of the PCJ Absolute Return II Fund, we are meeting those objectives.” said Tim Elliott, President and CEO of CC&L Funds.
“We’re excited that our Absolute Return portfolio is being made accessible to a broader group of Canadian investors,” said Adam Posman, Chief Investment Officer at PCJ, “Our team has conviction in our ability to continue to generate compelling long term, risk-adjusted returns with this strategy. Given its lower volatility profile than equity markets, and the low expected returns from fixed income markets, we view the portfolio as a compelling standalone investment or portfolio diversifier.”
About the fund
Available in A and F Series, the fund conforms with the regulatory framework related to Alternative Mutual Funds. The fund will be offered through licensed investment dealers, priced daily, with weekly liquidity, and available through FundServ.
About Connor, Clark & Lunn Funds Inc.
Connor, Clark & Lunn Funds Inc. (CC&L Funds) partners with leading Canadian financial institutions and their Investment Advisors to deliver unique institutional investment strategies to individual investors through a select offering of funds, alternative investments and separately managed accounts.
By limiting the offering to a focused group of products, CC&L Funds is able to deliver unique and differentiated strategies designed to enhance traditional investor portfolios. For more information, please visit www.cclfundsinc.com.
About PCJ Investment Counsel Ltd.
PCJ Investment Counsel Ltd. provides discretionary investment management of Canadian equity securities to pension plan sponsors, corporations and mutual funds. PCJ employs an active approach that blends an initial top-down perspective with bottom-up fundamental research focusing on stock selection and trading. PCJ manages three Canadian long-only equity strategies as well as an absolute return strategy with a focus on Canadian equities. For more information, please visit www.pcj.ca.
About Connor, Clark & Lunn Financial Group Ltd.
Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group) is a multi-boutique asset management firm that provides a broad range of investment management products and services to institutional investors, high net worth individuals and advisors. We bring significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing our talented investment managers to focus on what they do best. CC&L Financial Group’s affiliates manage over $86 billion in assets. For more information, please visit www.cclgroup.com.
Contact
Lisa Wilson
Manager, Product & Client Service
Connor, Clark & Lunn Funds Inc.
416-864-3120
[email protected]
