RP Investment Advisors (RPIA) has added a liquid alternative mutual fund to its offering lineup, RP Strategic Income Plus Fund, an actively managed, fixed income fund that seeks to generate stable, risk-adjusted returns and preserve capital in all interest-rate environments.
The Fund will invest primarily in investment grade corporate debt securities globally and can invest up to 25 per cent in non-investment grade securities with a focus on high-quality, BB-rated credit securities. The fund will be managed by the existing RPIA investment team, led by CIO Michael Quinn, who manage over CAD2.2 billion in assets including the flagship RP Debt Opportunities.
This marks the first time that RPIA's award-winning strategies are available to Canadian investors in a liquid alternative mutual fund structure. Previously, RPIA's strategies were restricted to institutions and those high net worth individuals who met the strict "accredited investor" criteria. The Fund will be available for purchase through registered investment dealers.
RPIA is launching the fund in response to those seeking non-traditional fixed income strategies that provide investors with an attractive risk-reward profile regardless of the interest-rate environment. The fund is intended to complement the traditional fixed income component within investors' portfolios and help lower overall volatility.
