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About Us An overview of our organization
History Historical time line of CC&L Investment Management
People Team structure, personnel and biographies
Corporate Brochure Access our corporate brochure
CC&L in the Community CC&L’s involvement with charitable and professional organizations
Affiliated Companies Access our affiliates
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 Universe Bond Portable Alpha

Investment Objective

  • Maximize long-term total return relative to the FTSE TMX Canada Universe Bond Index through prudent selection of investments.
  • The return target is the FTSE TMX Canada Universe Bond Index plus 2% - 3% per annum over the longer term.

Highlights

  • Fixed income focus that is enhanced by a combination of fundamental and quantitative market neutral processes that are well diversified and indifferent to rising or falling market returns.
  • The fixed income process is well defined, portable, 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

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 validated by 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 factors such as operating factors, financial profile and quality of management 
  • Responsive security selection: Spread forecast continuously updated for a wide universe of industries and companies
  • Well diversified processes: Multi-strategy fund invests in Canadian, US equities and 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 Universe 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 every active risk for every client, every day.

Contact us

Vancouver

604-685-2020

Toronto

416-862-2020

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