CI Investments announces the launch of Lawrence Park Strategic Income Fund

TSX Symbol: CIX

TORONTO, July 17, 2013 /CNW/ - CI Investments Inc. ("CI") announces the launch of the Lawrence Park Strategic Income Fund, expanding CI's selection of funds in the global fixed-income category. The portfolio manager is Lawrence Park Capital Partners Ltd. ("Lawrence Park").

The Lawrence Park Strategic Income Fund's mandate is to generate positive returns with low volatility through exposure to global corporate bond markets, and provide protection from rising interest rates. The fund manages a portfolio of primarily investment-grade corporate bonds, while using hedging tools to lower the interest rate duration of the portfolio and help to immunize the fund from interest rate moves. The fund relies on Lawrence Park's expertise in security selection across corporate bond markets in Canada, the U.S. and Europe and invests in securities that the team believes offer significant relative yield and an opportunity for capital appreciation.

Lawrence Park uses a relative value approach to generate alpha and identify securities that appear undervalued in the context of the global fixed-income market, and selects securities that it believes will outperform in the medium term.

"We are pleased to offer a CI mutual fund managed exclusively by Lawrence Park," said Derek J. Green, CI President. "The team has over 70 years of combined experience in global fixed-income and credit investing and offers a unique approach to fixed-income investing aimed at enhancing yield and reducing volatility. We believe that this new fund offers an alternative for investors looking for safety in a rising-rate environment, with the ability to participate in the upside of an improving global economy."

Lawrence Park also currently manages a portion of the portfolio of CI's United Canadian Fixed Income Pool, and is portfolio manager of the Lawrence Park Credit Strategies Fund, which is available to exempt or accredited investors only.

About Lawrence Park Capital Partners
Lawrence Park is a Toronto-based independent investment management firm specializing in fixed-income alternative investment strategies. The team of seasoned investment professionals is led by David Fry and Andrew Torres. Their rigorous investment process maximizes access to credit market opportunities while minimizing volatility found in traditional fixed-income markets. For more information, visit www.lpcapitalpartners.com.

About CI Investments - Canada's Investment Company
CI is one of Canada's largest investment management companies. It offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with approximately $106 billion in assets as of June 30, 2013.

SOURCE: CI Investments Inc.

Murray Oxby
Director, Communications
CI Investments
[phone]
[email protected]   

Kathleen Biggs
Director, Business Development
Lawrence Park Capital Partners
[phone]
[email protected]