Lawrence Park Capital Partners Credit Strategies Fund. June 2014. Disclaimer.
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Lawrence Park Capital PartnersCredit Strategies Fund
THIS SUMMARY HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY, SOLELY AS A PRELIMINARY DOCUMENT TO DETERMINE INVESTOR INTEREST REGARDING LAWRENCE PARK CREDIT STRATEGIES FUND(THE “FUND”), WHICH IS DESCRIBED HEREIN. EXCEPT AS OTHERWISE DESCRIBED IN THE FUND’S CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM (THE “PPM”), DATED March 3, 2014, THIS DOCUMENT MAY NOT BE REPRODUCED FOR ANY PURPOSE OR PROVIDED TO OTHERS IN WHOLE OR IN PART WITHOUT THE PRIOR WRITTEN PERMISSION OF THE FUND MANAGER OF THE FUND (THE “FUND MANAGER”). AN OFFER OR SOLICITATION WILL BE MADE ONLY THROUGH THE PPM, AND WILL BE SUBJECT TO THE TERMS AND CONDITIONS CONTAINED IN THE PPM. THIS SUMMARY DOES NOT CONSTITUTE AN OFFER TO SELL OR BUY ANY SECURITIES. THE INFORMATION SET FORTH HEREIN DOES NOT PURPORT TO BE COMPLETE AND IS INTENDED TO BE READ IN CONJUNCTION WITH THE PPM. ALL INFORMATION AND OPINIONS AS WELL AS ANY FIGURES INDICATED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE. THE INVESTMENT RATES OF RETURN SET FORTH HEREIN DO NOT REFLECT MANAGEMENT FEES, EXPENSES OR CARRIED INTEREST TO BE CHARGED BY THE FUND MANAGER.
THIS PRODUCT WILL BE AVAILABLE TO ACCREDITED INVESTORS AS THAT TERM IS DEFINED UNDER CANADIAN SECURITIES LEGISLATION. IN ONTARIO, IN ORDER FOR INVESTORS TO BE CONSIDERED ACCREDITED INVESTORS, INVESTORS MUST MEET CERTAIN ELIGIBILITY REQUIREMENTS WITH REGARDS TO FINANCIAL ASSETS AND/OR INCOME HISTORY. AN INVESTMENT IN THE FUND WILL INVOLVE SIGNIFICANT RISKS DUE, AMONG OTHER THINGS, TO THE NATURE OF THE FUND’S INVESTMENTS. THE RISK FACTORS WILL BE CONTAINED IN THE PPM. INVESTORS SHOULD HAVE THE FINANCIAL ABILITY AND WILLINGNESS TO ACCEPT RISKS WHICH ARE CHARACTERISTIC OF THE INVESTMENTS DESCRIBED HEREIN. THIS PRESENTATION DOES NOT CONSIDER THE SPECIFIC INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR PARTICULAR NEEDS OF ANY RECIPIENT. NO ASSURANCE CAN BE GIVEN THAT THE FUND’S INVESTMENT OBJECTIVE WILL BE ACHIEVED OR THAT THE INVESTORS WILL RECEIVE A RETURN OF THEIR CAPITAL. ACCORDINGLY, THE PPM SHOULD BE READ IN ITS ENTIRETY AND REVIEWED BY POTENTIAL INVESTORS’ LEGAL AND FINANCIAL ADVISORS.
Strong, Experienced Team.
Disciplined, repeatable process.
Specialists in Global Fixed Income.
Over 27 months of performance in the Lawrence Park Credit Strategies Fund*:
*A Series; Sharpe and Sortino ratios based on daily returns
Andrew Torres: Founder & Chief Investment Officer
19+ years Global Fixed Income and Portfolio Management
Former Vice Chair & Global Head of Credit Trading for TD Securities
Former Partner and Portfolio Manager for Aladdin Capital Management UK
Jason Crowley, CFA: Partner, Portfolio Manager
17+ years Global credit portfolio manager, proprietary trader, global risk manager
Former Managing Director & Senior Bond Trader, Bank of Nova Scotia
John B. Young, CFA: Chief Risk & Financial Officer
18+ yearsGlobal fixed income manager, convertible arbitrage specialist
Former Chief European Portfolio Manager for Fore Research & Management
Former Managing Director and Convertible Arbitrage Specialist, TD Securities
The Bond Market is a massive, decentralized network of market participants
Example: Royal Bank of Scotland Subordinated Debt
Plot of Royal Bank of Scotland subordinated debt in various currencies, as at April 7, 2014. For illustrative purposes only.
The Lawrence Park Credit Strategies Fund invests and profits from the inefficiencies across Global Bond Markets
Corporate Spread Index
Corporate Bond Index
*Sharpe Ratio: [Annualized return - Risk Free Rate (1%)] / [Annualized Vol]
*As of May 31, 2014
As of May 31, 2014
The sensitivity of the value of the portfolio to a 1 basis point change in credit spreads.
The sensitivity of the value of the portfolio to a 1% change in the credit spread of each bond in the portfolio.
This risk measure describes the behaviour of the value of the portfolio to a non-parallel change in credit spreads
Top Ten Holdings
Market Risk Management Policy
Regular portfolio review by Risk Committee
Committee Chair: John Young, CA, CFA
Portfolio Governing Limits
As of May 30, 2014
Lawrence Park Credit Strategies Fund
The Lawrence Park Credit Strategies Fund is offered to Qualified Investors. Please contact us for full offering documents.
Portfolio Management and Trading:
CEO/CIO - Andrew C. Torres, BMathandrew.firstname.lastname@example.org
PM - Jason Crowley, CFAjason.email@example.com
Trader - Rory Stack, BAScrory.firstname.lastname@example.org
CFO/CRO/COO - John B. Young, CFA, CAjohn.email@example.com
Director - Kathleen Biggskathleen.firstname.lastname@example.org
Snr. Analyst - Sharon Liu, BMath, MA, CAIAsharon.email@example.com
Lawrence Park Capital Partners Ltd.
2 Berkeley Street, Suite 304
Toronto, Ontario M5A 4J5