Home Breadcrumb caret Industry News Breadcrumb caret Industry Connor, Clark & Lunn launches liquid alt fund The market neutral fund provides lower volatility than equities By Staff | March 5, 2021 | Last updated on March 5, 2021 1 min read © naumoid / iStockphoto Toronto-based Connor, Clark & Lunn Funds Inc. (CCL) has brought a new liquid alternative mutual fund to market. The PCJ Absolute Return II Fund is a market neutral, absolute return strategy targeting long-term returns similar to equities but with less volatility and low correlation to market direction. The fund will be managed by PCJ Investment Counsel Ltd., which has managed a similar institutional portfolio for the last 10 years. The minimum investment for the fund is $5,000. “Given its lower volatility profile than equity markets, and the low expected returns from fixed-income markets, we view the portfolio as a compelling standalone investment or portfolio diversifier,” said Adam Posman, chief investment officer, PCJ, in a release. Both CCL and PCJ are part of Connor, Clark & Lunn Financial Group Ltd., an independently owned asset management company with more than $86 billion in assets. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo