CC&L’s alternative strategies are focused on delivering positive absolute returns with low correlations to the capital markets.
Fundamental core approach: Security selection is based on the fundamental assessment of a security’s characteristics within the disciplined investment framework of the specialist investment team.
Increased opportunity for added returns: The long/short strategies take advantage of “sell” signals by shorting a particular security, thus creating additional opportunities to generate positive risk-adjusted returns.
Diversified source of return: The alpha strategies have no net bias to the underlying market, resulting in low correlations with either the equity or fixed income markets. Different products use different investment processes and invest in different geographic areas, market capitalization stocks or asset classes.
Strict risk control: Rigorous analysis of exposures and impact risks ensures consistency with the investment process as well as adherence to goals and portfolio risk parameters.
Use of leverage: The strategies employ leverage by utilizing derivatives and borrowing securities to facilitate short selling.
Risk disclosure
- Investors should be aware of the material risks of CC&L’s Alternative strategies, which may include, but are not limited to counterparty, credit, derivatives, equity, high yield securities, interest rate, leverage, market and performance risk. For more information on the material risks of each investment strategy, please contact CC&L.
Our alternative strategies
CC&L Market Neutral
Investment Objective
The investment objective is to provide a return between 6% and 8% with a target volatility of 10% per annum over a market cycle and to provide returns that have a low correlation with the equity markets.
CC&L Q Global Equity Market Neutral
Investment Objective
The investment objective is to provide a return between 6% and 10% with a target volatility between 6% and 10% per annum over a market cycle and to provide returns that have a low correlation with the equity markets.
CC&L Q Canadian Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the benchmark, S&P/TSX Composite, plus 5.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q US Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the benchmark (see below), plus 4.5% per annum over a market cycle.
- For Canadian investors, the strategy is available against the S&P 500 Index (CAD) (net 15%).
- For US and other investors, the strategy is available against the MSCI USA Index (USD).
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q ACWI Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the MSCI ACWI (CAD) (net) (the ‘Benchmark’), plus 5.5% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q World Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the MSCI World Index (CAD) (net) (the ‘Benchmark’), plus 5.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q World ex-USA Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the MSCI World ex-USA Index (CAD) (net) (the ‘Benchmark’), plus 6.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q International Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the MSCI ACWI ex-USA Index (CAD) (net) (the ‘Benchmark’), plus 6.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q Emerging Markets Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the MSCI Emerging Markets Index (CAD) (net) (the ‘Benchmark’), plus 6.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Multi-Strategy
Investment Objective
The investment objective is to provide a return between 6% and 8% with a volatility target between 6% and 8% per annum over a market cycle.
CC&L All Strategies
Investment Objective
The investment objective is to provide a return between 12% and 15% with a volatility target between 12% and 15% per annum over a market cycle.
CC&L Fixed Income Absolute Return Strategy
Investment Objective
Generate returns equal to the return of the FTSE Canada 91 Day T-Bill Index plus 5% to 6% with a target volatility of 6% to 7% per annum over a market cycle
Investment Objectives Disclosure
The Strategy’s investment objectives are targets only. Actual performance may differ materially,
including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.
In determining the added value targets, CC&L may consider the Strategy’s performance during historical periods,
the level of estimated risk over a market cycle as well as the parameters used in the Strategy’s portfolio construction process.
For more information about services available to you as a CC&L Investment Management client, please contact:
Calum Mackenzie
Director, Portfolio Manager
& Co-Head of Client Solutions
Tel: ++1 (236) 479-7787
Email: [email protected]
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales, Global
Tel: +1 (438) 944-9136
Email: [email protected]
John Ricketts
Senior Vice President, Co-Head of
Institutional Sales, USA
Tel: +1 (203) 615-4847
Email: [email protected]
Eric Hasenauer
Senior Vice President, Co-Head of
Institutional Sales, USA
Tel: +1 (917) 945-0960
Email: [email protected]
Carlos Stelin
Director of Institutional Sales, Europe
Tel: +44 (0)203 535 8107
Email: [email protected]
For additional information on Connor, Clark & Lunn Investment Management, please contact:
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales, Global
Eric Hasenauer
Senior Vice President, Co-Head of
Institutional Sales, USA
John Ricketts
Senior Vice President, Co-Head of
Institutional Sales, USA
Calum Mackenzie
Director, Portfolio Manager
& Co-Head of Client Solutions
Please take the time to carefully read the following as it contains important information regarding certain restrictions imposed by statute and the applicable securities regulatory authorities on the distribution of information through this website.
Material presented on this website should be considered for background information only and should not be construed as investment or financial advice. Further, information on this website should not be construed as an offer or solicitation by the Connor, Clark & Lunn group of companies to provide investment management services or to buy or sell any products.
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The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada. A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.
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CC&L Investment Management Ltd.
September 8th, 2022