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.

 

Download Strategy Fact Sheet

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.

Key Facts

Target Return

8-10%, net of fees

Eligibility

Canadian residents;
Eligible for registered accounts

Liquidity

45 day notice, no lock-up

SUBSEQUENT MINIMUM

$25,000 CAD or USD

PERFORMANCE FEE

15% (Permanent High Water Mark)

PRIME BROKERS

Scotia Capital Inc.
TD Securities Inc.

FUND CODES

CAD:
(Series F) RPDF100P
(Series B) RPDB100P

USD:
(Series F) RPDF150P
(Series B) RPDB150P

STRUCTURE

Mutual Fund Trust

SUBSCRIPTION FREQUENCY

Monthly

INITIAL MINIMUM

(Series A) $250,000 CAD or USD
(Series F)/(Series B) $50,000 (FundSERV) CAD or USD

MANAGEMENT FEE

(Series A)/(Series F) 1.50%
(Series B) 2.00% (with 0.50% trailer)

ADMINISTRATOR

Equinoxe Alternative Investment Services

AUDITOR

Deloitte LLP

LEGAL COUNSEL

Borden Ladner Gervais LLP

OUR STRATEGIES

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