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Fixed Income & Credit Alternative Strategies

Blair Franklin Global Credit Fund

Inception: 2004

Winner of the 2014,  2015 and 2017 Canadian Hedge Fund Award for Overall Best Canadian Hedge Fund for the best combined 10-year return and Sharpe Ratio, the Blair Franklin Global Credit Fund seeks to provide consistent positive absolute returns by making investments in securities and financial instruments, including derivatives, in a variety of world markets. The Fund is managed with a primary focus on the debt obligations of Canadian, U.S. and foreign issuers. Returns are typically generated from long and short exposure to credit spreads globally, while seeking to minimize interest rate risk and foreign exchange risk. The Fund expresses its credit views through a variety of trades, including but not limited to:

  • Carry trades – long positions that provide return through net yield
  • Long or short credit – returns are generated through relative spread movements
  • Curve arbitrage – curve steepeners and flatteners take advantage of term structure relative value opportunities
  • Global relative value positioning – relative value disconnects between global bond markets
  • Credit Default Swap (CDS) / Cash bond arbitrage – relative value between cash bond and CDS markets

In 2017,  the Blair Franklin Global Credit Fund won its third Canadian Hedge Fund Award for the Overall Best Canadian Hedge Fund for the best combined 10-year return and Sharpe Ratio. It also received an award for the second best 5-year Sharpe Ratio in the Credit Focused category. 163 Canadian hedge funds were considered for these awards in 2015, 170 in 2014, and 47 in 2017. 

The inception date for the Blair Franklin Global Credit Fund was March 1, 2004. As of March 1, 2006, the Global Credit Fund’s focus moved to fixed income.

Peter Zaltz

Executive Vice-President, Co-Chief Investment Officer & Head of Fixed Income

David Rosenberg

Chief Economist & Strategist


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