Investment Strategies We offer a range of investment strategies reflecting the diverse risk and return objectives of our investors. There is a consistent investment philosophy behind all the strategies we manage – the belief that global corporate bond markets are inefficient and that active management can deliver additional returns for our investors.
Our solutions are grouped into mutual fund products offered via Prospectus and pooled strategies which are offered via Offering Memorandum.
| Name | Description | Offering |
|---|---|---|
| Active Fixed Income | ||
| RP Fixed Income Plus | Fixed Income | Offering Memorandum |
| RP Strategic Income Plus Fund | Core Credit Fund | Prospectus |
| RP Yield Advantage | Fixed Income | Offering Memorandum |
| Alternative Fixed Income | ||
| RP Alternative Global Bond Fund | Liquid Alternative Fund | Prospectus |
| RP Alternative Credit Opportunities Fund | Liquid Alternative Fund | Prospectus |
| RP Debt Opportunities | Alternative Credit | Offering Memorandum |
| RP Select Opportunities | Alternative Credit | Offering Memorandum |
| Institutional | ||
| RP Broad Corporate Bond | Index Relative | Offering Memorandum |
| RP Broad Corporate Bond (Fossil Fuel Exclusion) | Index Relative | Offering Memorandum |
Fixed Income
RP Fixed Income Plus
RP Fixed Income Plus aims to generate a stable return, low volatility by investing in a portfolio of investment grade money market instruments, government bonds and high quality corporate bonds primarily on a long basis but with the ability to use cash-covered short positions to hedge interest rate risk. The strategy’s investment portfolio is actively managed with a low sensitivity to the direction of interest rates.
Fixed Income
RP Yield Advantage
RP Yield Advantage is a monthly liquidity product designed to deliver a "cash plus" return with a focus on optimizing capital gains. The strategy focuses on 25~30 high-quality investment-grade corporate issuers with the flexibility to find value across global developed markets. It can be used as an optimal short-term corporate bond solution for clients seeking to obtain stable coupon income and capture additional yield through capital appreciation.
Core Credit Mutual Fund
RP Strategic Income Plus Fund
RP Strategic Income Plus Fund seeks to generate stable risk-adjusted absolute returns consisting of dividends, interest income and capital gains by investing primarily in investment grade corporate debt and debt-like securities, with a focus on capital preservation.
Alternative Credit
RP Debt Opportunities
Investment Grade Long/Short Credit
RP Debt Opportunities is a global investment-grade focused credit strategy that seeks to generate strong risk-adjusted returns without benchmark constraints. The strategy gains exposure to its underlying investment portfolio by holding units of its applicable master feeder fund structure. The underlying portfolio invests primarily in investment grade debt securities on both an outright and long/short relative value basis. RPIA aims to generate returns through the use of strategies that include fundamental value and active trading. The portfolio has the flexibility to use leverage and short positions intended to help produce a return profile with low volatility and a focus on capital preservation.
Alternative Credit
RP Select Opportunities
Multi-Strategy Credit
RP Select Opportunities is a multi-strategy credit strategy that seeks to generate strong risk-adjusted returns, preserve capital and minimize volatility. The strategy gains exposure to its underlying investment portfolio by holding units of its applicable master feeder fund structure. The underlying portfolio invests globally in opportunities across credit asset classes including investment grade, high yield and preferred shares. In the management of the portfolio RPIA utilizes outright and relative value - alongside active trading.
Liquid Alternative Mutual Fund
RP Alternative Global Bond Fund
Liquid Alternative Credit Fund
RP Alternative Global Bond Fund seeks to generate attractive risk-adjusted returns with an emphasis on capital preservation. The Fund will invest primarily in investment grade debt and debt-like securities of corporations and financial institutions.
Liquid Alternative Mutual Fund
RP Alternative Credit Opportunities Fund
Global Opportunistic Liquid Credit
RP Alternative Credit Opportunities Fund is an actively managed long/short credit liquid alternative strategy that seeks to generate strong risk-adjusted returns by investing across the credit spectrum in developed markets with a focus on high yield bonds, investment-grade bonds, preferred shares, and leveraged loans.
Index Relative
RP Broad Corporate Bond
Institutional, Long Only
RP Broad Corporate Bond is an actively managed credit strategy whose 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.
Index Relative
RP Broad Corporate Bond (Fossil Fuel Exclusion)
Institutional, ESG Focused
The RP Broad Corporate Bond (Fossil Fuel Exclusion) strategy is an actively managed credit strategy with the primary objective of outperforming the FTSE Canada All Corporate Ex Fossil Fuels Enhanced Bond Index by 100 bps (net of fees) on an annualized basis. The strategy merges our long-standing investment process with a transparent, rules-based approach to screening fossil fuel exposure out of the portfolio. Investments in tobacco and munitions are prohibited, and the strategy aims to keep the carbon intensity at least 10% lower than the carbon-reduced index.
Unmatched Experience Meets a Unique Approach
Our Approach
For over 15 years, our highly active, dynamic approach enables us to consistently extract value from the global credit market. Investors need not compromise on credit quality or sacrifice liquidity to improve their portfolio returns. We have assembled a team of investment professionals with deep expertise in managing bond portfolios, supported by institutional-quality trading and risk management systems.
We generate value for our investors in four ways:
- Truly Active Fixed Income
- Providing Global Diversification
- Robust Risk Management
- Proprietary Technology
Active Management
In less efficient markets – such as corporate bonds – active management has the potential to deliver better returns and more effective risk management. We specialize in actively managing corporate bond portfolios, leveraging deep expertise, a disciplined investment process, and cutting-edge technology to uncover opportunities. Our track record demonstrates the value we bring to clients through our unique approach to fixed income investing.
Portfolio Fit
As fixed-income and credit markets have evolved, so have the ways these investment solutions can be integrated into client portfolios. However, one thing remains unchanged: the role of fixed income as a defensive, stabilizing asset class. We take an additional step to eliminate the less predictable elements of traditional fixed income such as currency and rate risks. Our solutions range from Liquidity Management to “Core” Fixed Income to Alternative Fixed Income, each playing a unique role in a portfolio’s asset mix.
Risk Management
We understand what investors expect from their fixed income allocation – a defensive and stabilizing component of their portfolio. At RPIA, risk management isn’t just about protecting against downside risks – it’s also about aiming to ensure that return potential is matched with stability and security, so our clients can invest with confidence in our portfolios, our process, and our firm.
Technology
Advancements in technology have had a dramatic impact on the investment industry. The instant availability of information has made it harder for investors to gain a knowledge advantage and the broad market’s quick reaction to financial news has increased market volatility. Fixed income markets have proven more difficult to automate, the human element in trading remains, and inefficiencies in valuation and pricing still exist. However, within the corporate bond market, proprietary technology can be used to help portfolio managers screen the market to find opportunities. We believe the best way to achieve success is to pair cutting edge technological tools with expertise in hands-on portfolio management.