RP Select Opportunities
LONG/SHORT ABSOLUTE RETURN HIGH-YIELD STRATEGY
RP Select Opportunities is a long/short credit mandate that seeks to generate attractive risk-adjusted, absolute returns investing on both an outright and relative value basis in income-generating securities globally. The primary objective of the strategy is to capitalize on opportunities in non-investment grade, fixed-income securities, as well as different parts of the capital structure for investment grade issuers with relatively low volatility and a focus on capital preservation.
The strategy serves as an extension to RP Debt Opportunities, a long/short credit strategy currently managed by RPIA. Since inception, RPIA has been allocating approximately 10% of the RP Debt Opportunities in non-investment grade securities and successfully added to overall investment returns with selective credits and trading strategies.
- Past performance for “RP SOF” is not indicative of future results and, therefore, there can be no assurance that the results achieved for past investments will be achieved by the account in the future. Returns are reported in Canadian dollars, net of all fees and expenses. Strategy returns are based on the weighted-average composite return of a separately managed account utilizing a similar strategy from inception, April 2014, to June 6, 2014, and then linked to the returns of RP Select Opportunities Class A.
- Barclays” Barclays US Corporate High Yield Index expressed in USD and hedged. Data source: Barclays Live, Barclays Research. Data is represented as of RP Select Opportunities inception, April 2014
Investments in RP Select Opportunities are offered pursuant to a prospectus exemption in all applicable Canadian jurisdictions to persons or entities that meet the applicable eligibility requirements of “Accredited Investors” in each respective jurisdiction, as defined in National Instrument 45-106.
8-10%, net of fees
Eligible for registered accounts
45 day notice, no lock-up
$25,000 CAD or USD
15% (Permanent High Water Mark)
Scotia Capital Inc.
TD Securities Inc.
(Series F) RPDF100P
(Series B) RPDB100P
(Series F) RPDF150P
(Series B) RPDB150P
Mutual Fund Trust
(Series A) $250,000 CAD or USD
(Series F)/(Series B) $50,000 (FundSERV) CAD or USD
(Series A)/(Series F) 1.50%
(Series B) 2.00% (with 0.50% trailer)
Equinoxe Alternative Investment Services
Borden Ladner Gervais LLP