Focused on its dedicated managed account business model, the firm considerably
grows assets under management
MONTREAL, May 22, 2014 /CNW Telbec/ - Innocap Investment Management Inc.
(''Innocap''), a strategic alliance between National Bank of Canada and BNP
Paribas, is pleased to announce that focusing on its dedicated managed
accounts business model has led to a significant increase in the average size
of the funds on the Innocap platform while better meeting its clients' needs.
This new direction has also led to a decrease in the number of commingled
accounts as they will no longer be the focus of the organization going forward.
Innocap's strategy has also enabled it to increase its assets under management
("AUM") by 23%(1) and is setting its sights on further growth. "Innocap
recently added one of the world's largest asset managers to its platform
relationship", explained François Rivard, Innocap's President and Chief
Executive Officer. "Given our healthy pipeline, we are confident that the
platform's AUM will continue to increase significantly capitalizing on the
past months trend". Innocap has also once again made HFM Week's Top 10 list of
the largest worldwide managed account platforms.
Other achievements highlighting Innocap's growth and momentum during this past
year consist of its inclusion to the Hedge Fund Standards Board, its
registration as an investment advisor with the U.S. Securities and Exchange
Commission, the launch of a new website (www.innocap.com) to put Innocap's
expertise to the forefront and the creation of investment infrastructures in
two new jurisdictions.
Innocap, which stands for Innovative Capital, is the result of more than a
decade of investments primarily in hedge fund strategies with approximately
USD $2.74 billion in assets under advisory as of May 16, 2014. Innocap acts
as the Investment Manager for the Canadian limited partnership structure and
as Investment Advisor to Innocap Global Investment Management Ltd, a Maltese
company, which manages umbrella investment companies with variable capital and
with segregated liability between funds incorporated with limited liability in
Ireland and Malta. With its open architecture and thorough knowledge of
managed accounts, Innocap offers flexibility to its clients through
multi-jurisdictional and multi-administrative structures. Characterized by its
specialized legal knowledge and its operational and risk management skills,
Innocap facilitates institutional investment decisions via an enhanced
investment framework. This managed account infrastructure provides investors
with pre- and post-investment monitoring of different risks. For more
information, visit Innocap's website at www.innocap.com.
(1) From April 30(th )2013 to April 30(th) 2014
SOURCE Innocap Investment Management Inc.
Jean Baram Managing Director, Business Development & Investor Relations
Innocap Investment Management Inc. Tel.: 514-390-7388 firstname.lastname@example.org
Ramez Chalhoub Managing Director, Business Development & Investor Relations
Innocap Investment Management Inc. Tel.: 438-994-7310
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CO: Innocap Investment Management Inc.
NI: FIN ECO ENT
-0- May/22/2014 13:23 GMT
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