RBC Investor & Treasury Services (I&TS) has been appointed custodian by Picton Mahoney Asset Management (Picton Mahoney) on three liquid alternative mutual funds added to its Fortified Fund family.
In addition, RBC I&TS will provide fund administration and shareholder services.
The three liquid alternative funds were added to the Fortified Fund Family on 28 September this year, RBC I&TS revealed.
They provide Canadian retail investors access to sophisticated hedging expertise, improved diversification and additional tools for risk mitigation.
Liquid alternatives are strategies used through alternative vehicles including derivatives leveraging and shorting.
The Ontario Securities Commission (OSC) recently announced new liquid alternative amendments that are expected to come into effect on or about 3 January next year.
Additionally, retail investors will be provided with access to the products that use these strategies.
According to RBC I&TS, liquid alternatives are continuing to gain popularity as an investment vehicle.
David Linds, managing director, head of asset servicing, Canada, RBC I&TS, commented: “Asset managers recognise the value of alternative investments, and our new mandate with Picton Mahoney Asset Management shows that we possess the products, services and offerings to fulfil their growing and evolving needs.”
