Canadian asset manager strikes partnership with experienced provider of leveraged finance solutions
AGF Investments has announced that it will be partnering with Credit Suisse Asset Management in the portfolio management of its AGF Floating Rate Income Fund.
“After an extensive search process, we are pleased to partner with Credit Suisse Asset Management’s Credit Investment Group as we look to grow and enhance our floating rate strategy,” said Karrie Van Belle, Chief Marketing & Innovation Officer, AGF. “The CSAM CIG team has extensive experience and a rigorous process with a demonstrated history of attractive performance in this asset class, making them the right fit for AGF.”
John G. Popp, Global Head and Chief Investment Officer of CSAM CIG, said, “We are pleased to partner with AGF on their AGF Floating Rate Income Fund, which will expand CSAM CIG’s investor base, underscoring our position as one of the largest and most experienced providers of leveraged finance solutions in the industry.”
Both companies are signatories to the Principles for Responsible Investment, which are recognized by the United Nations. AGF values CSAM CIG's approach to ESG, which is incorporated into their loan analysis and portfolio construction procedures.
Although the AGF Floating Rate Income Fund is not an ESG or SRI strategy, ESG elements and considerations are incorporated into the fundamental research process when analyzing and investigating stocks within the strategy's framework.
Aside from serving as the portfolio manager, AGF will also oversee currency management for the AGF Floating Rate Income Fund.
Management costs for the AGF Floating Rate Income Fund (Series F, Series FV, Series Q, and Series W), AGF Global Real Assets Fund (Series F), and AGF Global Real Assets Class (Series F) will be decreased as of August 1, 2022, in the following ways:
- For AGF Floating Rate Income Fund, the management fee changes for Series F and FV will be from 0.95% to 0.65%, and Series Q and W will be changed from 0.80% to 65% (maximum).
- For AGF Global Real Assets Fund, the management fee change for Series F will be from 1.00% to 0.70%.
- For AGF Global Real Assets Class, the management fee change for Series F will be from 1.00% to 0.70%.