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Institutional Investors

 
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Our Solutions

Our Solutions

We serve a broad range of investors through a variety of solutions catering to their unique investment goals. We apply our differentiated active skillset in all our strategies, which vary from low-risk to higher-risk. Although our toolkit and risk/return levels vary across our suite of products, our credit expertise, proprietary technology, and rigorous risk management is applied throughout. We have collaborated closely with institutional investors in developing several of our strategies to ensure that the portfolio mandate aligns with their long-term investment objectives.

RPIA Develops Carbon-Reduced Fixed Income Solution

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Investment Process

Investment Process

RPIA's approach is to apply a highly active, dynamic investment process that enables us to consistently extract value from the global credit market, driven by security selection. Investors do not need to compromise on credit quality or sacrifice liquidity to improve their portfolio returns. Our active approach can be distilled into four steps:

1. The Investment Committee uses their expertise and experience to collaborate and identify a key theme based on prevailing macroeconomic conditions.

2. The Credit Research Team conducts deep-dive research to determine the most compelling issuer, drawing from their knowledge of the sectors each team member covers.

3. We utilize our proprietary technology and expertise to identify the most attractively priced bond within that issuer's capital structure

4. The Portfolio Management Team sizes the position accordingly within the strategy based on factors such as conviction level, existing exposures, and liquidity considerations to name a few.

The entire process is overseen by our independent Risk Management Team and Committee who analyze policy constraints, stress testing, and concentrations across strategies.

RPIA Proprietary Technology Chart
Our Strategies

Our Strategies

RPIA offers a range of investment strategies reflecting our investors' diverse risk and return objectives. Our flagship institutional long-only strategy is RP Broad Corporate Bond, which has evolved into a suite of strategies for specific goals in collaboration with investors. In addition to our institutional-focused mandates, we also offer absolute return-focused strategies.

1. Long-Only Strategies

  • RP Broad Corporate Bond
  • RP Broad Corporate Bond (BBB, Carbon-Reduced)

2. Alternative Credit & Fixed Income

  • RP Debt Opportunities
  • RP Select Opportunities
  • RP Fixed Income Plus

3. Mutual Funds

  • RP Strategic Income Plus Fund
  • RP Alternative Global Bond Fund
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ESG

ESG

RPIA considers Environmental, Social, and Governance ("ESG") factors when making investment decisions for all the strategies we manage. When we include these factors alongside traditional financial metrics, we can think more broadly about risk and make more prudent investment decisions. In other words, it is in the best interests of our investors to integrate ESG into our process. Through our in-depth credit research, we are in regular communication with the management teams of the issuers in which we invest. We have also partnered with an institutional investor to design a strategy that targets specific ESG outcomes and, in this case, an Environmental outcome. We have been a signatory to UN PRI since 2018 and have several other industry memberships ( learn more).

Download Our ESG Policy Read Our 2021 Sustainability Report

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Explore Our Funds

RP Broad Corporate Bond

This actively managed credit strategy's primary objective is to outperform the FTSE Canada All Corporate Bond Index net of fees in a risk-controlled manner. The strategy aims to add value through superior credit selection across global credit markets and avoid uncompensated interest rate risk by remaining duration-neutral versus the benchmark.

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RP Broad Corporate Bond (BBB, Carbon Reduced)

An actively managed credit strategy whose primary objective is to outperform the FTSE Canada Corporate BBB Index net of fees by 100 bps on an annualized basis. The strategy extends on our longstanding Broad Corporate Bond investment process by including explicit ESG targets. Investments in tobacco and munitions are prohibited, and the strategy aims to keep the carbon intensity at least 30% lower than the index.

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Market Commentary

Climate Risk Takes Centre Stage

March, 2022

“Our core bargain from the 1930s is that investors get to decide which risks to take, as long as public companies provide full and fair disclosure and are truthful in those disclosures. Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions.”
- SEC Chair, Gary Gensler


What happened?

The SEC recently unveiled its landmark proposal requiring companies to disclose a variety of climate-related data as part of their annual reports and audited financial statements in the coming years. This rule would apply to both domestic and foreign public companies.

 

What is required?

The requirements cover both quantitative and qualitative information. RPIA has been a supporter of both types of disclosures as we recognize that greenhouse gas emissions (GHG) data is backward-looking and does not always capture the steps companies are taking to reduce their GHG footprints. Quantitative disclosures will include Scope 1 and 2 emissions data and Scope 3 data if considered material for the company or if the company has set a reduction target related to Scope 3. Qualitative disclosures include many of the discussion points included in the TCFD framework.

% of US companies disclosing within each sector for emissions targets, scope 3, and scopes 1 and 2.Source: Bloomberg, US Companies represented by S&P500 Index 

% of Canadian companies disclosing within each sector for emissions targets, scope 3, and scopes 1 and 2.
Source: Bloomberg, Canadian Companies represented by S&P TSX Composite Index

 

 

What is the impact?

We see this as an important step in the codifying of climate-related risks, echoing the regulatory regimes already in place in the Eurozone. The proposed disclosures will:

  • Help improve the quality and comparability of a company’s climate-related disclosures, which will benefit the integration of climate-related risks and opportunities into the market pricing of cost of capital and risk premiums.
  • Include details on any climate targets and goals set by the company, which we believe is an important inclusion that can help bring further scrutiny to the level of validity and ambition within corporate targets.
  • Provide better transparency on the use of carbon offsets and renewable energy certificates and their role in a company’s reduction and net-zero claims.

Finally, the SEC proposal leads to similar discussions currently happening in Canada and will help pressure Canadian regulators to adopt a similar disclosure requirement. 

 

 

 

 


Important Information

The information herein is presented by RP Investment Advisors LP (“RPIA”) and is for informational purposes only. It does not provide financial, legal, accounting, tax, investment, or other advice and should not be acted upon or relied upon in that regard without seeking the appropriate professional advice. The information is drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does RPIA assume any responsibility or liability whatsoever. The information provided may be subject to change and RPIA does not undertake any obligation to communicate revisions or updates to the information presented. “Forward-Looking” statements are based on assumptions made by RPIA regarding its opinion and investment strategies in certain market conditions and are subject to a number of mitigating factors. Economic and market conditions may change, which may materially impact actual future events and as a result RPIA’s views, the success of RPIA’s intended strategies as well as its actual course of conduct.

 

ESG Articles

Climate Risk Takes Centre Stage

March, 2022

“Our core bargain from the 1930s is that investors get to decide which risks to take, as long as public companies provide full and fair disclosure and are truthful in those disclosures. Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions.”
- SEC Chair, Gary Gensler


What happened?

The SEC recently unveiled its landmark proposal requiring companies to disclose a variety of climate-related data as part of their annual reports and audited financial statements in the coming years. This rule would apply to both domestic and foreign public companies.

 

What is required?

The requirements cover both quantitative and qualitative information. RPIA has been a supporter of both types of disclosures as we recognize that greenhouse gas emissions (GHG) data is backward-looking and does not always capture the steps companies are taking to reduce their GHG footprints. Quantitative disclosures will include Scope 1 and 2 emissions data and Scope 3 data if considered material for the company or if the company has set a reduction target related to Scope 3. Qualitative disclosures include many of the discussion points included in the TCFD framework.

% of US companies disclosing within each sector for emissions targets, scope 3, and scopes 1 and 2.Source: Bloomberg, US Companies represented by S&P500 Index 

% of Canadian companies disclosing within each sector for emissions targets, scope 3, and scopes 1 and 2.
Source: Bloomberg, Canadian Companies represented by S&P TSX Composite Index

 

 

What is the impact?

We see this as an important step in the codifying of climate-related risks, echoing the regulatory regimes already in place in the Eurozone. The proposed disclosures will:

  • Help improve the quality and comparability of a company’s climate-related disclosures, which will benefit the integration of climate-related risks and opportunities into the market pricing of cost of capital and risk premiums.
  • Include details on any climate targets and goals set by the company, which we believe is an important inclusion that can help bring further scrutiny to the level of validity and ambition within corporate targets.
  • Provide better transparency on the use of carbon offsets and renewable energy certificates and their role in a company’s reduction and net-zero claims.

Finally, the SEC proposal leads to similar discussions currently happening in Canada and will help pressure Canadian regulators to adopt a similar disclosure requirement. 

 

 

 

 


Important Information

The information herein is presented by RP Investment Advisors LP (“RPIA”) and is for informational purposes only. It does not provide financial, legal, accounting, tax, investment, or other advice and should not be acted upon or relied upon in that regard without seeking the appropriate professional advice. The information is drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does RPIA assume any responsibility or liability whatsoever. The information provided may be subject to change and RPIA does not undertake any obligation to communicate revisions or updates to the information presented. “Forward-Looking” statements are based on assumptions made by RPIA regarding its opinion and investment strategies in certain market conditions and are subject to a number of mitigating factors. Economic and market conditions may change, which may materially impact actual future events and as a result RPIA’s views, the success of RPIA’s intended strategies as well as its actual course of conduct.

 

Relationship Team

 
Headshot of Liam O'Sullivan

Principal, Co-Head of Client Portfolio Management

Headshot of Ann Glazier Rothwell

Principal, Co-Head of Client Portfolio Management

Headshot of Zach Barsky

Vice President, Client Portfolio Management