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About Us An overview of our organization
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What We Do
Expertise Information about our experience and capabilities
Investment Approach Our approach to investment management, research, opportunities and risk
Investment Strategies Details about the investment services we offer
Client Services Our approach and commitment to servicing our clients
Responsible Investing Our approach to Responsible Investing
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CC&L Long Bond Alpha Plus

Investment Objective

  • Generate a total return in excess of the return of the benchmark, FTSE Canada Long Term Overall Bond Index, plus 2% per annum over a market cycle.
  • Maximize long-term total return while prudently managing investment risk relative to the benchmark.


  • Fixed income focus that is enhanced by a combination of fundamental and quantitative market neutral processes that are well diversified, uncorrelated and indifferent to rising or falling market returns.
  • The fixed income process is well defined, portable and fundamentally based, with multiple sources of added value.
  • A synthetic allocation to the fixed income market allows additional returns to be achieved through an allocation to the CC&L Multi-Strategy Fund.
  • CC&L Multi-Strategy Fund has exposure to different market neutral strategies whose risk/return characteristics are carefully risk managed individually and together.
  • ESG considerations integrated into the strategy.

Investment Philosophy

  • Economic fundamentals drive markets.
  • Better decisions result when the evaluation of fundamental information is validated through research that proves the link between the data and movements in the market.
  • Research should be conducted continuously in order to allow the process to evolve with capital markets.
  • Process diversification yields positive risk-adjusted relative returns.

Investment Process

  • Top-down, fundamentally based approach: In-depth macro-economically driven analysis that follows a disciplined research process resulting in interest rate and sector exposures.
  • Robust risk management: Proprietary process supported by both fundamental and quantitative tools requiring an ongoing dedicated research effort.
  • Comprehensive credit analysis: Top down industry analysis and a bottom up company research that incorporates criteria such as operating factors, financial profile and quality of management.
  • Responsive security selection: Spread forecasts continuously updated for a wide universe of industries and companies.
  • Well diversified processes: Multi-strategy fund invests in Canadian US and international equities, as well as in global fixed income using either fundamental or quantitative processes.

Portfolio Construction & Risk Management

  • Structured by investing a portion of the portfolio in the CC&L Long Bond Fund while adding an allocation to the CC&L Multi-Strategy Fund combined with a synthetic fixed income instrument.
  • Proprietary factor based risk model provides a granular estimate of all risks across different sources of return which are then aggregated into a measure of overall portfolio risk.
  • Robust controls measure and monitor active risk for every client, every day.

Quick Facts

Strategy Inception Date:
April 28, 2006

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