AIP to manage new Redwood Global Macro Class
Redwood Asset Management, a Toronto-based investment fund manager focused on partnering with boutique investment managers to offer products to Canadians, has launched the Redwood Global Macro Class.
The fund will seek to generate superior risk-adjusted returns with lower volatility and low correlation to any other asset class.
AIP Asset Management, a Toronto-based alternative investment firm, has been selected to manage the Redwood Global Macro Class and continues its relationship which started with the Redwood Pension Class.
To the extent possible under NI 81-102, the fund will use a number of strategies not traditionally seen in global balanced mutual funds, including the use of alternative strategies such as shorting, derivatives for hedging and non-hedging purposes and also investing in special situations, private credit, structured financial transactions, bank loans and hybrid fixed income securities.
"AIP is proud to partner with Redwood. Redwood's ability to bring unique investment strategies with proven track records' has allowed domestic investors to diversify their portfolio and increase their risk-adjusted returns," Jay Bala, president and portfolio manager at AIP Asset Management.
"AIP's team has delivered strong risk-adjusted returns and brings an ideal complement to our existing fund line-up. For our investors who are seeking enhanced income but have a lower tolerance for market volatility and risk, we now offer a unique solution," says Peter Shippen Redwood's president.
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