TORONTO, Feb. 1, 2017 /PRNewswire/ -- Toronto-based Cidel Asset Management Inc. ("Cidel") has announced a strategic initiative to offer its Global Equity investment capabilities to U.S. institutional investors. It has appointed Hudson Creek Strategies LLC ("Hudson Creek") as its distribution partner in the U.S. As at December 31st, 2016, The Cidel Group of companies oversees $10.0 Billion of client assets, with more than 10 years of investment experience in Global Equities managing over $500 Million.
Cidel's Global Equity team applies a research process focused on uncovering financially sound businesses with high and rising cash generating abilities to take advantage of global growth opportunities. Through a concentrated portfolio of 30-40 stocks, Cidel invests in companies with investment grade balance sheets and a history of returning cash to shareholders. Cidel's investment process prioritizes lower-volatility stocks reducing the risk of underperformance in the medium term and leading to higher relative returns over the longer term.
Arthur Heinmaa, CEO and CIO at Cidel, said, "Our investment philosophy will resonate well with U.S. institutions who have increasingly sought out global equity managers with highly differentiated investment processes and high active share. Our investment team, led by Charles Lannon, has created an enviable track record over the past ten years through a keen focus on reducing volatility of returns by investing in quality companies with high cash generation potential."
James Porter, Executive Vice President, said, "We are delighted to be teaming up with Hudson Creek who have very extensive sales and service experience in North America. Their focus on delivering access to US investors on behalf of highly differentiated managers is a perfect strategic fit for Cidel."
Andrew Barker, Partner at Hudson Creek, added, "Cidel has a great heritage dating back over 50 years. We are very excited to represent them in the U.S. Their approach to global equity investing is a natural fit with US institutions who are increasingly seeking high-conviction managers with high active share in their portfolios. Cidel does this whilst investing across the market capitalization spectrum and focusing on reducing volatility."
About Cidel Asset Management Inc.
Since 1959, Cidel Asset Management has provided proven expertise and complete investing and financial management services to a loyal and growing number of private clients, institutions, foundations and public agencies. An independent investment firm that is majority-owned by management, we consistently provide our clients with superior investment selection based on proprietary research, prudent judgment, and excellent service. We are unique in our combination of proven investment processes applied in Canadian and Global markets. For more information please visit our website at www.cidel.com or call Jamie Brubacher on +1 (416) 645 5229.
About Hudson Creek Strategies LLC
At Hudson Creek Strategies, our goal is to provide simplified and profitable access to the US marketplace for non-US investment managers. We do this with limited upfront costs and by eliminating any requirement for US-based infrastructure. We deliver a comprehensive "managed" solution that includes full implementation management. For more information please visit our website at www.hudsoncreek.net or call Glen Wisher on +1 (203) 614 9494.
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SOURCE Cidel Asset Management Inc.