Liquid Alternatives Catch On in Canada With New Algonquin Fund
, Bloomberg News
Algonquin Capital Corp. is wading into the nascent market for liquid alternatives in Canada, launching a hedge fund-like mutual fund that’s available to retail investors.
The firm is planning to raise as much as C$3 billion ($2.3 billion) over the next three to five years for the credit fund, adding to its C$450 million in assets under management, partner Brian D’Costa said.
