Mackenzie Investments announced the launch of three new liquid alternative funds. The newly launched funds will be part of the investment firm’s alternative investment offerings which currently includes their multi-strat absolute return fund.
In a statement released by Mackenzie, Mike Schnitman, SVP of Products said “We can now take a modern approach to portfolio construction that will create opportunities for stronger, better-diversified portfolios and outcomes for our investors. By using liquid alternatives’ winning combination of more diversification and lower correlation to the markets, we can help provide investors with improved portfolio stability with less reliance on market direction.”
In the same statement Mackenzie Investments President and CEO Barry McInerney said “Our alternative solutions open up new options for investors, so that they can be better positioned to reach their long-term financial goals.”
The new funds’ strategies are:
Mackenzie Global Macro Fund: Long/Short in equity, fixed income, commodities and currencies.
Mackenzie Global Long/Short Equity Alpha Fund: Long/Short global equities.
Mackenzie Credit Absolute Return Fund: Total return fixed income.