Cumberland Private Wealth is pleased to announce that the Kipling Funds have all been nominated as finalists at the 2023 Canadian Hedge Fund Awards.
Kipling Strategic Income in the Credit Focused category:
Best 5 Year Return
Best 3 Year Sharpe Ratio
Best 5 Year Sharpe Ratio
Kipling Global Enhanced Dividend in the Equity Focused category:
Best 5 Year Sharpe Ratio
Kipling Global Enhanced Growth in the Equity Focused category:
Best 1 Year Return
Best 5 Year Return
Best 5 Year Sharpe Ratio
The Kipling Funds are owned and administered by NCM Asset Management Ltd. (“NCM”). Cumberland Investment Counsel Inc. (“CIC”) is the Portfolio Manager of these funds. Cumberland Private Wealth Management Inc., CIC and NCM are affiliated companies under the common ownership of Cumberland Partners Limited.
Cumberland Portfolio Manager, Shawnalynn Perron, said, “The Kipling Funds provide exposure to the world’s largest, most diverse and liquid equity markets, emphasizing growth, dividends and income. These funds are a core component of many of our clients’ portfolios, and I am incredibly proud of the positive results that our team has been able to provide to investors.”
A total of 233 unique hedge funds were considered for a 2023 Canadian Hedge Fund Award. The annual awards are a quantitative measure, based on performance data to June 30th that was provided to and tabulated by Fundata Canada. The awards will be held on Tuesday, October 17th in Toronto. There will be a dinner gala at One King West Hotel, following the 2023 Canadian Hedge Fund Conference earlier in the day.
Jason Isaac, a Portfolio Manager at CIC with responsibility for the Kipling Funds said, “The strong long-term performance of the funds, especially on a risk-adjusted basis as measured by the Sharpe Ratio, is a testament to our team’s repeatable process and disciplined approach to risk management.”
About the Kipling Funds
The Kipling Funds are a group of three alternative strategies, which are offered to investors as pooled investment funds.
Kipling Strategic Income is a fixed income 130/30 alternative fund. This structure enables the fund to seek yield, pursue returns and manage risk. This fund provides a steady stream of income through fixed income investing. It focuses on capital preservation while mitigating risk exposure from both an interest rate risk and credit risk perspective.
Kipling Global Enhanced Dividend is a global equity 130/30 alternative fund. This structure enables the fund to hedge risk and potentially reduce downside volatility. This fund focuses on dividend growth, profitability and balance sheet flexibility, emphasizing cash flows to shareholders. It offers geographic and sector diversification beyond the domestic market in areas such as Technology, Health Care, Industrials, and Consumer Discretionary.
Kipling Global Enhanced Growth Fund is a global equity 130/30 alternative fund. This structure enables the fund to achieve high active share which is correlated with performance outcomes. Exposure to the world’s largest, most diverse, and most liquid equity markets. Emphasizes high growth sectors, such as healthcare and technology. Focuses on companies that can reinvest in opportunities with high rates of return.
If you have any questions about the Hedge Fund Awards nomination or the Kipling Funds, please speak to your Cumberland Portfolio Manager.