Dublin, 05 May 2021 – Connor, Clark & Lunn Financial Group (CC&L Financial Group), one of Canada’s largest independent asset managers, announced today the launch of the Connor, Clark & Lunn UCITS ICAV.
The UCITS ICAV is an Irish collective asset-management vehicle constituted as an umbrella fund with segregated liability among sub-funds and managed by Carne Global Fund Managers (Ireland) Limited. HSBC Global Fund Services is the administrator, registrar, depository, custodian and transfer agent; and Matheson acts as legal advisor as to Irish law.
The initial sub-funds include the CC&L Q Emerging Markets Equity UCITS Fund and the CC&L Q Global Equity Market Neutral UCITS Fund. The CC&L Q Emerging Markets Equity UCITS Fund is an actively managed long-only equity strategy that targets long-term capital growth relative to emerging market equity indices. The CC&L Q Global Equity Market Neutral UCITS Fund is an actively managed long/short equity strategy that seeks to generate returns that have a low correlation with global equity markets and to maximise long-term total return. The investment manager is Vancouver based Connor, Clark & Lunn Investment Management Ltd. (CC&L Investment Management), a team of 100 professionals who manage US$41.7 billion across a range of asset classes.
Speaking about the announcement, Martin Gerber, President & CIO of CC&L Investment Management said “We have successfully managed quantitative equity strategies for over two decades. Launching UCITS funds for our emerging markets and market neutral strategies allows these strategies to be available to European investors.”
Yvonne Connolly, Carne Group’s Country Head, Ireland, said: “We are delighted that CC&L has selected Carne as management company for the launch of its global and emerging equity funds. Today’s announcement means more choice for European investors giving them access to new funds managed by one of Canada’s largest and leading investment managers”.
Carne is the leading digitally driven industry platform for the Global Asset Management Industry and the largest third-party fund management company in the world. Carne is trusted by the world’s leading asset managers, insurance companies, pension funds and wealth managers to manage their governance, compliance, regulatory and substance requirements.
Carne provides governance and substance services and solutions for assets of more than $1 trillion in AUM. Established in 2004, Carne has a diversified list of 550+ clients and employs more than 350 people across 8 countries globally. Its command and control technology platform, CORR (Compliance, Oversight, Risk & Reporting), provides risk and technology driven solutions for investment funds with $2 trillion in AUM. funds.carnegroup.com
About Connor, Clark & Lunn Investment Management Ltd.
Connor, Clark & Lunn Investment Management Ltd. (CC&L Investment Management) is one of the largest independent partner-owned investment management firms in Canada with US$41.7 billion in assets under management. Founded in 1982, CC&L Investment Management offers a diverse array of investment services including equity, fixed income, balanced and alternative solutions including portable alpha, market neutral and absolute return strategies. CC&L Investment Management is a part of Connor, Clark & Lunn Financial Group Ltd.
About Connor, Clark & Lunn Financial Group Ltd.
Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group) is a multi-boutique asset management firm that provides a broad range of investment management products and services to institutional investors, high net worth individuals and advisors. We bring significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing our talented investment managers to focus on what they do best. With offices across Canada and in Chicago, New York and London, CC&L Financial Group’s affiliates manage over US$70 billion in assets. For more information, please visit www.cclgroup.com.