The RBC Alternative Investments team is based in Vancouver, Canada, and emphasizes a collaborative investment approach. The team’s objective is to find compelling investment opportunities while controlling for risk to meet the objectives of its various mandates.
The team’s mandates include strategies focused on Canadian and U.S. high yield, absolute return, and multi-disciplinary solutions. Their investment universe within high yield comprises North American high yield and investment grade bonds as well as income-generating hybrid securities. Within their alternative mandates, the universe is broad and is made up of high yield, hybrid structures, restructuring and event-driven opportunities, stressed situations, as well as select equity and opportunistic holdings, both long and short.
Led by Hanif Mamdani, the team has the resources and expertise to take advantage of both strategic and tactical opportunities across asset classes and various alternative strategies, developed over many years of successful management of RBC GAM’s longest standing alternative strategy.
The team emphasizes a collaborative approach that brings together specialized teams with deep understanding of their respective sectors. The following characteristics help define the process:
- thorough fundamental research on every security;
- identification of mispriced securities to exploit favourable return-for-risk opportunities;
- broad diversification across strategies and sectors to mitigate security-specific risk; and
- rigorous risk controls and monitoring at the portfolio level to minimize unintended risks.
Guiding principles
- Emphasis on higher quality companies
- Intensive fundamental credit analysis
- Leverage deep 20+ year relationships with Bay Street, Wall Street
- Measured, diversified risk taking
- Value approach
- Total return focus