CI Investments announced this week the launch of three liquid alternative mutual funds.
The new CI funds are Lawrence Park Alternative Investment Grade Credit Fund, Marret Alternative Absolute Return Bond Fund, and the Munro Alternative Global Growth Fund.
These are CI’s first liquid alternative funds. Liquid alts offer retail investors access to alternative investment strategies typically only been available to institutional and accredited investors, says the company.
The funds are available for a minimum investment of $500.
"CI's liquid alts lineup is designed to meet distinct investor needs through a choice of mandates – investment-grade credit, fixed income and global equities – that draw on the unique strengths of our portfolio management teams," said Roy Ratnavel, executive vice-president and head of sales, CI Investments. “Lawrence Park Asset Management, Marret Asset Management and Munro Partners each have particular expertise and an established track record investing in specific alternative strategies on behalf of retail, high net worth and institutional clients.”