TORONTO, Oct. 28, 2021 /CNW/ – Today, TwinRiver Capital Group Inc. (“TwinRiver”), with its partner, Cidel Asset Management Inc. (“CAM”), announced the launch of the Cidel-TwinRiver Global Impact Fund (the “TwinRiver Global Impact Fund” or the “Fund”).
The TwinRiver Global Impact Fund offers investors exposure to companies working intentionally and pro-actively on making a positive social and environmental contribution.
The Fund spans three priority impact themes: Energy and Environment, Health and Wellbeing, and Inclusive Economic Growth. It is comprised of a concentrated but diversified portfolio of 35-50 predominantly Small and Mid-Cap stocks in global, developed markets (North America, Europe and Asia).
Urgent and complex challenges such as climate change and a more equitable recovery from the pandemic, demand consideration of the impact of our choices on people and the planet. This creates growth opportunities for businesses with impact at their core and emphasizes the competitive advantage of managing operational, financial, and reputational risks. Concurrently, investors are increasingly seeking opportunities to better align their investment decisions with their values. The TwinRiver Global Impact Fund addresses these objectives.
“Impact investing has now moved into the financial mainstream, with more investors placing their money to work for the prosperity of current and future generations. These investors want to support businesses making a positive difference, and are looking for credible investment vehicles focused on both meaningful, measurable impact and strong financial returns. The time for this shift is now,” says Eric Wetlaufer, Managing Partner of TwinRiver.
Eric is a seasoned global institutional investor, and has served as Chief Investment Officer at Putnam and Fidelity Investments and, more recently, as Senior Managing Director, Global Head of Public Market Investments at Canada Pension Plan Investment Board (CPPIB). Eric partners with the portfolio management team at CAM in managing the TwinRiver Global Impact Fund.
About TwinRiver Capital TwinRiver Capital is a new impact firm focused on the dual mission of advancing positive environmental and societal impact globally, while also delivering compelling financial returns. twinrivercapital.com
About Cidel Asset Management Inc. Cidel Asset Management Inc. (“CAM”), based in Toronto, is the asset management division of Cidel Bank Canada. Cidel, as a group, oversees $20 billion in client assets in its investment management and trust businesses. Cidel offers wealth management services to individuals, families, foundations and institutions in Canada and around the world. CAM is a registered portfolio manager, investment fund manager and exempt market dealer. cidel.com
TwinRiver Capital is a registered business name of CAM. The Cidel-TwinRiver Global Impact Fund is an investment fund issued and managed by CAM and its registered representatives. CAM has ownership interest in, and a services agreement with, TwinRiver Capital Group, Inc. (“TR Group”). For complete disclosure of all conflicts of interest, please refer to the Offering Memorandum, which is available upon request, or Cidel’s Relationship Disclosure Information.
This communication is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.
Certain statements in this press release are forward-looking. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially.
For further information on the Fund, please visit the TwinRiver and Cidel websites.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
