Innocap Investment Management, the alternative investment subsidiary of National Bank of Canada, announced Friday that it had introduced a hedge fund product for pension funds.
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The liability-driven portfolio is intended to generate, net of fee, a return equivalent to the inflation rate plus two to four percentage points. The product is to be sold by the Montreal investment firm to pension funds. It can be rebalanced monthly to reflect changes in global pension plans' liabilities.
Innocap acts as National Bank's manager for alternative investment assets. It has $1.7 billion under management in hedge fund mandates.
