MONTRÉAL--(BUSINESS WIRE)--Authentic Asset Management Inc. is delighted to be selected by the Québec Emerging Manager Program (“QEMP”) to manage an alternative strategy mandate.
The Authentic Event Driven Fund L.P., an alternative absolute return strategy, launches today with an initial $21 million provided by institutional investors in Québec. The fund strategy is designed to perform in all market cycles with low correlation to equity markets and target return of 10%.
Returns are generated from an event driven component that consists of M&A arbitrage, select corporate event driven situations, and an innovative macro-overlay to mitigate downside risk and add a source of risk-adjusted alpha.
“The Authentic Event Driven Fund L.P. provide investors an opportunity to capitalize on catalysts notably stemming from new regulation, organizational change or a modification in a company’s capital structure while offering attractive diversification opportunities.”
– Christian Fournier, Director, Authentic Asset Management
“Over the coming years, generating returns with less correlated risk will become more challenging and imply greater volatility. Investors will have to be more creative than ever. The Fund captures our experience targeting low equity correlation and attractive returns in an explainable, scalable, and repeatable investment framework.”
– Eric Green, Director, Authentic Asset Management
“We are delighted to be partnering with the QEMP to address institutional investment needs and grow our business in Montréal, a truly international financial centre. We would also like to acknowledge the extensive due diligence process conducted by Innocap Investment Management Inc. in vetting us for such prominent institutional investors.”
– Duncan Webster, Chief Executive Officer, Authentic Asset Management
“The QEMP is delighted to welcome Authentic, a highly qualified team with deep roots in institutional investing, to Montréal, a major financial hub where emerging managers can scale their operations. Authentic’s Event Driven Fund is also a prime example of the growing demand for alternative solutions among allocators to meet diversification requirements.”
– Carolyn Cartier-Hawrish, Manager, QEMP
About Authentic Asset Management Inc.
AUTHENTIC is an independent portfolio management company providing a unique suite of product solutions to Clients in Canada since 2015. We believe that investment opportunities vary as market forces change, with a payoff available to the experienced who utilise thoughtful investment strategies and timely market exposures.
